Earnings Per Share Information

9 Months Ended

Jul. 31, 2022

Earnings Per Share [Abstract]

Earnings per Share Information

Earnings per Share Information

The table below provides, for the periods indicated, information pertaining to the calculation of earnings per share, common stock equivalents, weighted-average number of antidilutive options, and shares issued (amounts in thousands):

	Three months ended July 31,				Nine months ended July 31,
	2022		2021		2022		2021
Numerator:
Net income as reported	$	273,467	$	234,932	$	645,964	$	459,297
Denominator:
Basic weighted-average shares	115,334		123,826		118,056		124,727
Common stock equivalents (1)	992		1,784		1,313		1,663
Diluted weighted-average shares	116,326		125,610		119,369		126,390
Other information:
Weighted-average number of antidilutive options and restricted stock units (2)	407		37		275		220
Shares issued under stock incentive and employee stock purchase plans	45		64		469		938

(1)    Common stock equivalents represent the dilutive effect of outstanding in-the-money stock options using the treasury stock method and shares expected to be issued upon the conversion of restricted stock units under our equity award programs.

(2)    Weighted-average number of antidilutive options and restricted stock units are based upon the average closing price of our common stock on the New York Stock Exchange for the period.