Net Income per Share (Tables)

6 Months Ended

Apr. 30, 2020

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 April 30,				Six Months Ended April 30,
	2020		2019		2020		2019
	(in thousands, except per share amounts)
Numerator:
Net income	$	109,920	$	118,210	$	213,981	$	271,724
Denominator:
Weighted average common shares for basic net income per share	150,597		149,712		150,421		149,500
Dilutive effect of common share equivalents from equity-based compensation	3,782		4,192		4,050		3,883
Weighted average common shares for diluted net income per share	154,379		153,904		154,471		153,383
Net income per share:
Basic	$	0.73	$	0.79	$	1.42	$	1.82
Diluted	$	0.71	$	0.77	$	1.39	$	1.77
Anti-dilutive employee stock-based awards excluded⁽¹⁾	743		49		579		1,538

⁽¹⁾

These stock options and unvested restricted stock units 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.