Earnings Per Share

3 Months Ended

Jan. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share

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, for the three months ended January 31, 2015 and 2014 is presented below.

	Three Months
In thousands, except per share amounts	2015		2014
Net Income	$	92,978	$	97,572
Average shares of common stock outstanding for basic earnings per share	78,620		76,988
Contingently issuable shares under incentive compensation plans	325		339
Average shares of dilutive stock	78,945		77,327
Earnings Per Share of Common Stock:
Basic	$	1.18	$	1.27
Diluted	$	1.18	$	1.26