Net Income per Share

9 Months Ended

Jul. 31, 2015

The Company computes basic net income per share by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net income per share reflects the dilution from potential common shares outstanding, such as stock options and unvested restricted stock units and awards, during the period using the treasury stock method.

The table below reconciles the weighted-average common shares used to calculate basic net income per share with the weighted-average common shares used to calculate diluted net income per share:



	Three Months Ended July 31,				Nine Months Ended July 31,
	2015		2014		2015		2014
	(in thousands, except per share amounts)
Numerator:
Net income	$	55,387	$	65,656	$	176,172	$	196,669
Denominator:
Weighted-average common shares for basic net income per share	155,533		155,194		154,835		154,611
Dilutive effect of potential common shares from equity-based compensation	3,051		2,428		3,015		2,642
Weighted-average common shares for diluted net income per share	158,584		157,622		157,850		157,253
Net income per share:
Basic	$	0.36	$	0.42	$	1.14	$	1.27
Diluted	$	0.35	$	0.42	$	1.12	$	1.25
Anti-dilutive employee stock-based awards excluded(1)	563		2,875		1,529		2,057


(1)	These employee stock-based awards were anti-dilutive for the respective periods and are excluded in calculating diluted net income per share. While such awards were anti-dilutive for the respective periods, they could be dilutive in the future.