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Stock Repurchase Program
6 Months Ended
Apr. 30, 2022
Equity [Abstract]  
Stock Repurchase Program

Note 15. Stock Repurchase Program

On September 2, 2021, the Company’s Board of Directors approved the authorization of a new share repurchase program that allowed the repurchase of up to $150.0 million of the Company’s outstanding common stock. The share repurchase authorization expires in 24 months and gives management the flexibility to determine conditions under which shares may be purchased. During the three and six months ended April 30, 2022, the Company repurchased and retired 1,676,122 and 3,656,281 shares under this repurchase program at a total cost of $21.5 million and $45.9 million and at an average price of $12.84 per share and $12.54 per share, respectively.