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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Jul. 29, 2012
STOCK-BASED COMPENSATION  
Schedule of reconciliation of the number of options outstanding and exercisable

 

 

 

Shares

 

Weighted-
Average
Exercise Price

 

Weighted-
Average
Remaining
Contractual
Term

 

Aggregate
Intrinsic Value
(in thousands)

 

Outstanding at October 30, 2011

 

19,932

 

 

$

17.89

 

 

 

 

 

 

 

Granted

 

2,642

 

 

29.42

 

 

 

 

 

 

 

Exercised

 

1,612

 

 

15.07

 

 

 

 

 

 

 

Forfeited

 

33

 

 

21.29

 

 

 

 

 

 

 

Outstanding at July 29, 2012

 

20,929

 

 

$

19.55

 

 

5.7 years

 

$

 187,817

 

 

Exercisable at July 29, 2012

 

14,504

 

 

$

17.38

 

 

4.5 years

 

$

 159,846

Schedule of weighted average grant date fair value of stock options granted, and the total intrinsic value of options exercised

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

July 29,
2012

 

July 31,
2011

 

July 29,
2012

 

July 31,
2011

 

Weighted-average grant date fair value of options granted

 

N/A       

 

N/A       

 

$

5.64       

 

5.54       

 

Intrinsic value of exercised options

 

8,011       

 

$

11,124       

 

$

23,332       

 

$

50,312

Schedule of weighted-average assumptions used to calculate fair value of each option award

 

 

 

Nine Months Ended

 

 

 

July 29,
 2012

 

July 31,
 2011

 

Risk-Free Interest Rate

 

1.8%         

 

3.0%         

 

Dividend Yield

 

2.0%         

 

2.0%         

 

Stock Price Volatility

 

21.0%         

 

21.0%         

 

Expected Option Life

 

8 years         

 

8 years

Schedule of reconciliation of the nonvested shares

 

 

 

 

Shares

 

Weighted-
Average Grant
Date Fair Value

Nonvested at October 30, 2011

 

215

 

$  19.94

Granted

 

45

 

28.97

Vested

 

110

 

21.13

Forfeited

 

7

 

28.27

Nonvested at July 29, 2012

 

143

 

$  21.48

Schedule of weighted-average grant date fair value of nonvested shares granted, the total fair value of nonvested shares granted, and the fair value of nonvested shares vested

 

 

 

 

Nine Months Ended

 

 

July 29,
2012

 

July 31,
2011

Weighted-average grant date fair value

 

$   28.97

 

$   24.84

Fair value of nonvested shares granted

 

$   1,304

 

$   1,118

Fair value of shares vested

 

$   2,324

 

$      335

Schedule of stock-based compensation expense, along with the related income tax benefit

 

 

 

 

Three Months Ended

 

Nine Months Ended

(in thousands)

 

July 29,
2012

 

July 31,
2011

 

July 29,
2012

 

July 31,
2011

Stock-based compensation expense recognized

 

$  3,062

 

$  2,578

 

$ 14,191

 

$  14,820

Income tax benefit recognized

 

(1,161)

 

(979)

 

(5,381)

 

(5,629)

After-tax stock-based compensation expense

 

$  1,901

 

$  1,599

 

$   8,810

 

$   9,191