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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Oct. 27, 2013
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 28, 2012

 

20,454

 

$19.67

 

 

 

 

 

Granted

 

2,218

 

32.19

 

 

 

 

 

Exercised

 

4,181

 

15.56

 

 

 

 

 

Forfeited

 

25

 

27.77

 

 

 

 

 

Outstanding at October 27, 2013

 

18,466

 

$22.09

 

5.6 yrs

 

$397,571

 

Exercisable at October 27, 2013

 

12,429

 

$19.02

 

4.3 yrs

 

$305,727

 

 

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

 

 

 

 

 

Fiscal Year Ended

 

 

 

 

October 27,

 

 

October 28,

 

October 30,

 

 

 

 

2013

 

 

2012

 

2011

 

Weighted-average grant date fair value

 

 

$

5.50

 

 

$

5.64

 

 

$

5.54

 

Intrinsic value of exercised options

 

 

$

77,610

 

 

$

30,210

 

 

$

54,859

 

 

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

 

 

 

 

 

Fiscal Year Ended

 

 

 

 

October 27,

 

 

October 28,

 

October 30,

 

 

 

 

2013

 

 

2012

 

2011

 

Risk-free interest rate

 

 

1.4%

 

 

1.8%

 

 

2.9%

 

Dividend yield

 

 

2.1%

 

 

2.0%

 

 

2.0%

 

Stock price volatility

 

 

20.0%

 

 

21.0%

 

 

21.0%

 

Expected option life

 

 

8 years

 

 

8 years

 

 

8 years

 

 

Schedule of reconciliation of the nonvested shares

 

 

 

 

Shares

 

Weighted-
Average
Grant Date
Fair value

 

Nonvested at October 28, 2012

 

139

 

$21.47

 

Granted

 

45

 

35.42

 

Vested

 

72

 

25.07

 

Nonvested at October 27, 2013

 

112

 

$24.77

 

 

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

 

 

 

 

 

Fiscal Year Ended

 

 

 

October 27,

 

 

October 28,

 

 

October 30,

 

 

 

 

2013

 

 

2012

 

 

2011

 

Weighted-average grant date fair value

 

 

$35.42

 

 

$28.98

 

 

$25.11

 

Fair value of nonvested shares granted

 

 

$1,600

 

 

$1,369

 

 

$1,299

 

Fair value of shares vested

 

 

$1,824

 

 

$2,476

 

 

$   751

 

 

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

 

 

 

 

 

Fiscal Year Ended

(in thousands)

 

 

October 27,
2013

 

 

October 28,
2012

 

 

October 30,
2011

 

Stock-based compensation expense recognized

 

 

$17,596

 

 

$16,710

 

 

$17,229

 

Income tax benefit recognized

 

 

(6,655)

 

 

(6,334

)

 

(6,542)

 

After-tax stock-based compensation expense

 

 

$10,941

 

 

$10,376

 

 

$10,687