XML 20 R31.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
STOCK-BASED COMPENSATION (Tables)
 3 Months Ended
Jan. 26, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of reconciliation of the number of options outstanding and exercisable
A reconciliation of the number of options outstanding and exercisable (in thousands) as of January 26, 2020 is as follows:
 
Shares
 
Weighted-
Average
Exercise Price
 
Weighted-
Average
Remaining
Contractual
Term (Years)
 
Aggregate
Intrinsic Value
Outstanding at October 27, 2019
25,994

 
$
26.49

 
 
 
 
Granted
1,004

 
45.54

 
 
 
 
Exercised
3,059

 
13.87

 
 
 
 
Forfeited
65

 
36.56

 
 
 
 
Outstanding at January 26, 2020
23,874

 
28.88

 
5.6
 
$
438,098

Exercisable at January 26, 2020
16,670

 
$
24.51

 
4.3
 
$
378,778
Schedule of weighted-average grant date fair value of stock options granted and the total intrinsic value of options exercised
The weighted-average grant date fair value of stock options granted and the total intrinsic value of options exercised (in thousands) during the first three months of fiscal years 2020 and 2019 are as follows.
 
Three Months Ended
 
January 26,
2020
 
January 27,
2019
Weighted-average Grant Date Fair Value
$
7.67

 
$
9.48

Intrinsic Value of Exercised Options
97,946

 
32,241
Schedule of weighted-average assumptions used to calculate fair value of each option award
The fair value of each option award is calculated on the date of grant using the Black-Scholes valuation model utilizing the following weighted-average assumptions:
 
Three Months Ended
 
January 26,
2020
 
January 27,
2019
Risk-free Interest Rate
1.7
%
 
2.9
%
Dividend Yield
2.0
%
 
1.9
%
Stock Price Volatility
19.0
%
 
19.0
%
Expected Option Life
8 years

 
8 years
Schedule of reconciliation of the nonvested shares
A reconciliation of the restricted stock units (in thousands) as of January 26, 2020 is as follows:
 
Shares
 
Weighted-
Average
Exercise Price
 
Weighted-
Average
Remaining
Contractual
Term (Years)
 
Aggregate
Intrinsic Value
Restricted Units at October 27, 2019
—

 
$
—

 
 
 
 
Granted
169

 
45.54

 
 
 
 
Restricted Units at January 26, 2020
169

 
$
45.54

 
2.9
 
$
7,980


A reconciliation of the restricted shares (in thousands) as of January 26, 2020 is as follows:
 
Shares
 
Weighted-
Average Grant
Date Fair Value
Restricted at October 27, 2019
51

 
$
42.23

Granted
1

 
42.76

Restricted at January 26, 2020
52

 
$
42.24
Schedule of the weighted-average grant date fair value of nonvested shares granted, the total fair value of nonvested shares granted, and the fair value of shares that have vested
The weighted-average grant date fair value of restricted shares granted and the total fair value (in thousands) of restricted shares granted during the first three months of fiscal years 2020 and 2019 are as follows:
 
Three Months Ended
 
January 26,
2020
 
January 27,
2019
Weighted-average Grant Date Fair Value
$
42.76

 
$
34.33

Fair Value of Restricted Shares Granted
53

 
53


The weighted-average grant date fair value of restricted stock units granted and the total fair value (in thousands) of restricted stock units granted during the first three months of fiscal years 2020 and 2019 are as follows:
 
Three Months Ended
 
January 26,
2020
 
January 27,
2019
Weighted-average Grant Date Fair Value
$
45.54

 
$
—

Fair Value of Restricted Stock Units Granted
7,695

 
—