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EARNINGS PER SHARE CALCULATION
3 Months Ended
Feb. 01, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE CALCULATION EARNINGS PER SHARE CALCULATION
Basic net income per common share (“Basic EPS”) is computed using the weighted average number of common shares outstanding. Diluted net income per potential common share (“Diluted EPS”) is computed using the weighted average number of the following, in each case, to the extent that the effect is not anti-dilutive: (i) common shares outstanding; (ii) shares issuable upon vesting of stock unit awards; and (iii) shares issuable under Ciena’s employee stock purchase plan, using the treasury stock method.
The following table presents the calculation of Basic EPS and Diluted EPS for the periods indicated (in thousands, except per share amounts):
Quarter Ended
 February 1,January 27,
20252024
Net income$44,572 $49,547 
Basic weighted average shares outstanding142,880 145,291 
Effect of dilutive potential common shares3,064 557 
Diluted weighted average shares145,944 145,848 
Basic EPS$0.31 $0.34 
Diluted EPS$0.31 $0.34 
Antidilutive employee share-based awards, excluded989 2,491