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Common Stock Repurchases
3 Months Ended
Jan. 31, 2020
Common Stock Repurchases [Abstract]  
Common Stock Repurchases

12. Common Stock Repurchases

 

The Company’s current Non-Voting Common Stock share repurchase program was authorized on July 10, 2019. The Board authorized management to repurchase and retire up to 8.0 million shares of its Non-Voting Common Stock on the open market and in private transactions in accordance with applicable securities laws. The timing and amount of share purchases are subject to management’s discretion. The Company’s share repurchase program is not subject to an expiration date.

 

In the first three months of fiscal 2020, the Company purchased and retired approximately 1.4 million shares of its Non-Voting Common Stock under the current repurchase authorization. As of January 31, 2020, approximately 4.9 million additional shares may be repurchased under the current authorization.