Earnings Per Share Information

12 Months Ended

Oct. 31, 2023

Earnings Per Share Information

Information pertaining to the calculation of earnings per share for each of the fiscal years ended October 31, 2023, 2022, and 2021, is as follows (amounts in thousands):


	2023		2022		2021
Numerator:
Net income as reported	$	1,372,071	$	1,286,500	$	833,627



Denominator:
Basic weighted-average shares	110,020		116,771		124,100
Common stock equivalents (1)	988		1,204		1,707

Diluted weighted-average shares	111,008		117,975		125,807
Other information:
Weighted-average number of antidilutive options and restricted stock units (2)	200		410		166
Shares issued under stock incentive and employee stock purchase plans	2,026		507		1,011

(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 under our restricted stock units programs.

(2)Weighted-average number of antidilutive options and restricted stock units are based upon the average of the average quarterly closing prices of our common stock on the NYSE for the year.