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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 31, 2017
Jul. 31, 2016
Jul. 31, 2017
Jul. 31, 2016
Net sales $ 391,500 $ 356,084 $ 1,103,589 $ 1,012,959
Operating costs and expenses:        
Cost of sales 242,603 222,501 688,893 633,151
Selling, general and administrative expenses 72,775 63,729 197,482 190,539
Total operating costs and expenses 315,378 286,230 886,375 823,690
Operating income 76,122 69,854 217,214 189,269
Interest expense (2,447) (2,294) (6,376) (6,194)
Other income 200 16 835 154
Income before income taxes and noncontrolling interests 73,875 67,576 211,673 183,229
Income tax expense 22,400 20,600 63,100 56,600
Net income from consolidated operations 51,475 46,976 148,573 126,629
Less: Net income attributable to noncontrolling interests 5,777 4,974 16,262 14,699
Net income attributable to HEICO $ 45,698 $ 42,002 $ 132,311 $ 111,930
Net income per share attributable to HEICO shareholders:        
Basic (in dollars per share) $ 0.54 $ 0.50 $ 1.57 $ 1.34
Diluted (in dollars per share) $ 0.53 $ 0.49 $ 1.53 $ 1.32
Weighted average number of common shares outstanding:        
Basic (in shares) 84,343 83,908 84,235 83,718
Diluted (in shares) 86,893 85,348 86,645 85,102
Cash dividends per share (in dollars per share) $ 0.080 $ 0.064 $ 0.152 $ 0.128