Earnings Per Share

12 Months Ended

Oct. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Earnings Per Share

We compute basic earnings per share (EPS) using the daily weighted average number of shares of common stock outstanding during each period. In the calculation of fully diluted EPS, shares of common stock to be issued under approved incentive compensation plans are contingently issuable shares, as determined by applying the treasury stock method, and are added to average common shares outstanding, resulting in a potential reduction in diluted EPS.

A reconciliation of basic and diluted EPS, which includes contingently issuable shares that could affect EPS if performance units ultimately vest or stock agreements settle, for the years ended October 31, 2014, 2013 and 2012 is presented below.

In thousands, except per share amounts	2014		2013		2012
Net Income	$	143,801	$	134,417	$	119,847
Average shares of common stock outstanding for basic earnings per share	77,883		74,884		71,977
Contingently issuable shares under incentive compensation plans	310		289		301
Contingently issuable shares under forward sale agreements	—		160		—
Average shares of dilutive stock	78,193		75,333		72,278
Earnings Per Share of Common Stock:
Basic	$	1.85	$	1.80	$	1.67
Diluted	$	1.84	$	1.78	$	1.66