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Earnings Per Share
 12 Months Ended
Oct. 25, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

Basic earnings per share is computed by dividing net income attributable to the Company by the weighted-average number of shares outstanding during each period. Diluted earnings per share is computed similar to basic earnings per share, except that the weighted average number of shares outstanding is increased to include additional shares from the assumed exercise of stock options, performance shares and restricted stock units, if dilutive.

The following table sets forth the computation of basic and diluted earnings per share:
In thousands, except share amounts
October 25,
2013
 
October 26,
2012
 
October 28,
2011
Numerator:
 
 
 
 
 
Income from continuing operations available to common shareholders
$
533,938

 
$
767,081

 
$
631,002

Loss from discontinued operations available to common shareholders
(225
)
 
(5,060
)
 
(21,346
)
Net income available to common shareholders
$
533,713

 
$
762,021

 
$
609,656

Denominator:
 
 
 
 
 
Weighted average shares outstanding
106,070

 
105,862

 
104,916

Dilutive effect of stock options, performance shares and restricted stock units
926

 
1,027

 
1,621

Weighted average shares outstanding assuming dilution
106,996

 
106,889

 
106,537

Basic earnings (loss) per share:
 
 
 
 
 
Continuing operations
$
5.03

 
$
7.25

 
$
6.01

Discontinued operations
—

 
(0.05
)
 
(0.20
)
Net income
$
5.03

 
$
7.20

 
$
5.81

Diluted earnings (loss) per share:
 
 
 
 
 
Continuing operations
$
4.99

 
$
7.18

 
$
5.92

Discontinued operations
—

 
(0.05
)
 
(0.20
)
Net income
$
4.99

 
$
7.13

 
$
5.72



Options to purchase a weighted average of 1.4 million, 0.8 million and 0.4 million shares were excluded from the calculations of diluted earnings per share for fiscal 2013, 2012 and 2011, respectively, as the effect would have been antidilutive.