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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Apr. 30, 2017
Apr. 30, 2016
Apr. 30, 2017
Apr. 30, 2016
Net sales $ 368,657 $ 350,648 $ 712,089 $ 656,875
Operating costs and expenses:        
Cost of sales 228,275 216,619 446,290 410,650
Selling, general and administrative expenses 63,840 67,235 124,707 126,810
Total operating costs and expenses 292,115 283,854 570,997 537,460
Operating income 76,542 66,794 141,092 119,415
Interest expense (1,960) (2,333) (3,929) (3,900)
Other income 151 568 635 138
Income before income taxes and noncontrolling interests 74,733 65,029 137,798 115,653
Income tax expense 23,900 21,300 40,700 36,000
Net income from consolidated operations 50,833 43,729 97,098 79,653
Less: Net income attributable to noncontrolling interests 5,147 5,072 10,485 9,725
Net income attributable to HEICO $ 45,686 $ 38,657 $ 86,613 $ 69,928
Net income per share attributable to HEICO shareholders:        
Basic (in dollars per share) $ 0.54 $ 0.46 $ 1.03 $ 0.84
Diluted (in dollars per share) $ 0.53 $ 0.45 $ 1.00 $ 0.82
Weighted average number of common shares outstanding:        
Basic (in shares) 84,221 83,653 84,182 83,624
Diluted (in shares) 86,637 85,035 86,520 84,980
Cash dividends per share (in dollars per share) $ 0.00 $ 0.00 $ 0.072 $ 0.064