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Employee Stock Plans (Tables)
12 Months Ended
Oct. 31, 2014
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Changes in Outstanding Options Granted Under Equity Incentive Plans

The following table summarizes the changes in outstanding options granted under the Company’s equity incentive plan:

 

 

2014

 

 

2013

 

 

2012

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Weighted

 

 

 

Shares

 

 

Average

 

 

Shares

 

 

Average

 

 

Shares

 

 

Average

 

 

 

Subject to

 

 

Exercise

 

 

Subject to

 

 

Exercise

 

 

Subject to

 

 

Exercise

 

 

 

Option

 

 

Price

 

 

Option

 

 

Price

 

 

Option

 

 

Price

 

 

Outstanding,

   beginning of year

 

1,831,738

 

 

$

51.08

 

 

 

2,124,300

 

 

$

46.18

 

 

 

1,825,300

 

 

$

44.49

 

 

Granted

 

207,200

 

 

 

97.61

 

 

 

257,000

 

 

 

65.58

 

 

 

386,400

 

 

 

52.97

 

 

Exercised

 

(618,645

)

 

 

45.16

 

 

 

(518,537

)

 

 

37.89

 

 

 

(60,775

)

 

 

36.52

 

 

Forfeited/cancelled

 

(43,500

)

 

 

64.74

 

 

 

(31,025

)

 

 

56.52

 

 

 

(26,625

)

 

 

50.68

 

 

Outstanding,

   end of year

 

1,376,793

 

 

$

60.31

 

 

 

1,831,738

 

 

$

51.08

 

 

 

2,124,300

 

 

$

46.18

 

 

Exercisable,

   end of year

 

754,443

 

 

$

50.36

 

 

 

1,075,788

 

 

$

45.65

 

 

 

1,258,900

 

 

$

41.89

 

 

 

Stock Activity Related to Stock Options Exercised

The table below presents stock activity related to stock options exercised in fiscal 2014 and 2013:

 

In Thousands

 

 

2014

 

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

Proceeds from stock options exercised

 

 

$

29,359

 

 

$

20,072

 

 

Tax benefits related to stock options exercised

 

 

$

6,892

 

 

$

2,961

 

 

Intrinsic value of stock options exercised

 

 

$

34,965

 

 

$

18,448

 

 

 

Stock Options Outstanding


The following table summarizes information for stock options outstanding at October 31, 2014:

 

 

Options Outstanding

 

 

Options Exercisable

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

Weighted

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Remaining

 

 

Average

 

 

 

 

 

 

Average

 

 

Range of Exercise Prices

Shares

 

Life (years)

 

 

Price

 

 

Shares

 

 

Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$   29.86 - 40.00

 

118,093

 

 

3.4

 

 

$

33.82

 

 

 

118,093

 

 

$

33.82

 

 

     40.01 - 50.00

 

196,675

 

 

4.5

 

 

 

41.71

 

 

 

196,675

 

 

 

41.71

 

 

     50.01 - 52.00

 

242,000

 

 

6.5

 

 

 

51.06

 

 

 

109,600

 

 

 

51.05

 

 

     52.01 - 65.00

 

426,850

 

 

5.4

 

 

 

59.75

 

 

 

278,550

 

 

 

59.16

 

 

     65.01 - 80.00

 

182,475

 

 

7.8

 

 

 

69.10

 

 

 

48,950

 

 

 

71.79

 

 

     80.01 - 118.32

 

210,700

 

 

9.2

 

 

 

96.63

 

 

 

2,575

 

 

 

81.76

 

 

 

Summary of Changes in RSUs Granted Under Company's Equity Incentive Plans

The following table summarizes the changes in RSUs granted under the Company’s equity incentive plans:

 

 

2014

 

 

2013

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Grant Date

 

 

 

 

 

 

Grant Date

 

 

 

Shares

 

 

Fair Value

 

 

Shares

 

 

Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-vested, beginning of year

 

54,880

 

 

$

70.26

 

 

 

-

 

 

$

-

 

 

Granted

 

77,975

 

 

 

84.65

 

 

 

55,280

 

 

 

70.23

 

 

Vested

 

(27,284

)

 

 

73.57

 

 

 

-

 

 

 

-

 

 

Forfeited/cancelled

 

(1,600

)

 

 

81.09

 

 

 

(400

)

 

 

66.55

 

 

Non-vested, end of year

 

103,971

 

 

$

80.01

 

 

 

54,880

 

 

$

70.26

 

 

 

Restricted Stock Units (RSUs)  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Stock Activity Related to Stock Options Exercised

The table below presents stock activity related to restricted stock units vested in fiscal 2014 and 2013:

 

In Thousands

 

 

2014

 

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax benefits related to restricted stock units vested

 

 

$

198

 

 

$

-

 

 

Intrinsic value of restricted stock units vested

 

 

$

3,153

 

 

$

-

 

 

 

Employee Share-save Scheme  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Fair Value of Option Granted using Black-Scholes Pricing Model

 

 

2014

 

2013

 

 

2012

 

 

 

 

 

 

 

 

 

 

 

 

 

Volatility

33.69%

 

 

36.97

%

 

 

38.96

%

 

Risk-free interest rate

0.73%

 

 

0.40

%

 

 

0.38

%

 

Expected life (years)

3

 

3

 

 

3

 

 

Dividends

0

 

0

 

 

0

 

 

 

Equity Incentive Plan  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Fair Value of Option Granted using Black-Scholes Pricing Model

 

 

2014

 

2013

 

2012

 

 

 

 

 

 

 

 

Volatility

41.87 - 43.17%

 

41.89 - 44.25%

 

41.62 - 44.29%

 

Risk-free interest rate

1.73 - 2.99%

 

0.79 - 1.88%

 

0.91 - 2.11%

 

Expected life (years)

5 - 9

 

4.5 - 9.5

 

4.5 - 9.5

 

Dividends

0

 

0

 

0