Net Income per Share

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,
	2018		2017		2018		2017
	(in thousands, except per share amounts)
Numerator:
Net income	$	79,409	$	116,751	$	178,190	$	256,645
Denominator:
Weighted-average common shares for basic net income per share	148,490		150,214		148,760		150,460
Dilutive effect of potential common shares from equity-based compensation	4,124		4,469		4,358		4,327
Weighted-average common shares for diluted net income per share	152,614		154,683		153,118		154,787
Net income per share:
Basic	$	0.53	$	0.78	$	1.20	$	1.71
Diluted	$	0.52	$	0.75	$	1.16	$	1.66
Anti-dilutive employee stock-based awards excluded(1)	1,063		492		774		1,186


(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.