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Net Income per Share (Tables)
6 Months Ended
Apr. 30, 2013
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,
 
     2013      2012      2013      2012  
     (in thousands)  

Numerator:

           

Net income

   $ 68,691       $ 20,971       $ 138,613       $ 77,665   

Denominator:

           

Weighted-average common shares for basic net income per share

     153,515         145,948         152,496         144,877   

Dilutive effect of potential common shares from equity-based compensation

     3,091         3,349         3,166         3,382   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted-average common shares for diluted net income per share

     156,606         149,297         155,662         148,259   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income per share:

           

Basic

   $ 0.45       $ 0.14       $ 0.91       $ 0.54   

Diluted

   $ 0.44       $ 0.14       $ 0.89       $ 0.52   

Anti-dilutive employee stock-based awards excluded(1)

     1,749         3,123         1,614         3,312   

 

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