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I am doing this Codility problem

You are given N counters, initially set to 0, and you have two possible operations on them:

• increase(X) − counter X is increased by 1,
• max counter − all counters are set to the maximum value of any counter.

A non-empty zero-indexed array A of M integers is given. This array represents consecutive operations:

• if A[K] = X, such that 1 ≤ X ≤ N, then operation K is increase(X),
• if A[K] = N + 1 then operation K is max counter.

I have ended up with this code -

def solution(N, array):
 counters = [0]*N
 maximum = 0
 for a in array: # O(m) as array has m integers
 if a >=1 and a <= N:
 counters[a-1] += 1
 maximum = max(counters[a-1], maximum) 
 if a == N+1:
 counters = [maximum]*N
 return counters

I am failing two test cases because of timeout errors. I timed the function with array as [10]*100000 and N as 9. It took 0.175681062359 seconds which is clearly not desirable. I do not understand where the time complexity increases. The for loop has O(M) complexity because array has M elements and even though max() has O(n) complexity, that doesn't matter since I'm comparing just two elements. I looked at a solution by Andrei Simionescu and it looks awfully similar to mine -

def solution(n, arr):
 out = [0] * n
 m = 0
 last = 0
 for op in arr:
 op -= 1 
 if op == n:
 last = m
 continue
 out[op] = max(out[op], last) + 1
 m = max(m, out[op])
 for i in xrange(n):
 out[i] = max(out[i], last)
 return out

I timed the above code and it took just 0.0276817503901 seconds on the same input. What is it that I'm doing wrong?