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Earnings Per Common Share

12 Months Ended

Oct. 31, 2018

Note 18. Earnings Per Common Share

Basic earnings per common share (“EPS”) is computed by dividing net income by the weighted average number of common shares outstanding including shares of contingently redeemable common stock. Diluted EPS is computed by dividing net income by the weighted-average number of common shares outstanding assuming dilution. The table below reconciles basic weighted-average common shares outstanding to diluted weighted-average shares outstanding for fiscal years 2018, 2017 and 2016:

	Fiscal Year Ended
		October 31, 2018		October 31, 2017		October 29, 2016
Basic weighted-average common shares outstanding			63,966,977		60,738,242		51,587,200
Dilutive stock options			1,242,644		1,652,521		186,560
Dilutive restricted stock units			548		14,729		—
Dilutive performance stock units			—		—		—
Diluted weighted-average common shares			65,210,169		62,405,492		51,773,760

The table below represents exclusions from the calculation of weighted-average shares outstanding assuming dilution due to the anti-dilutive effect of the common stock equivalents for fiscal years 2018, 2017 and 2016:

	Fiscal Year Ended
		October 31, 2018		October 31, 2017		October 29, 2016

Anti-Dilutive Stock Options			97,085		—		2,312,000
Anti-Dilutive Restricted Stock Units			574,359		—		—
Anti-Dilutive Performance Stock Units			91,509		—		—
Anti-Dilutive Common Stock Equivalents			762,953		—		2,312,000