Net Income per Share (Tables)

9 Months Ended

Jul. 31, 2018

Reconciliation of Weighted-Average Common Shares Used to Calculate Net Income Per Share

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.