Earnings Per Share Information (Tables)

3 Months Ended

Jan. 31, 2023

Earnings Per Share [Abstract]

Income per share calculation

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 January 31,
	2023		2022
Numerator:
Net income as reported	$	191,530	$	151,904
Denominator:
Basic weighted-average shares	111,397		120,996
Common stock equivalents (1)	939		1,862
Diluted weighted-average shares	112,336		122,858
Other information:
Weighted-average number of antidilutive options and restricted stock units (2)	501		204
Shares issued under stock incentive and employee stock purchase plans	1,334		408

(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.