STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Apr. 27, 2014

STOCK-BASED COMPENSATION

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 April 27, 2014, and changes during the six months then ended, is as follows:

	Shares	Weighted- Average Exercise Price	Weighted- Average Remaining Contractual Term	Aggregate Intrinsic Value (in thousands)
Outstanding at October 27, 2013	18,466	$  22.09
Granted	1,364	45.37
Exercised	1,145	18.48
Forfeited	12	33.15
Outstanding at April 27, 2014	18,673	$  24.00	5.5 years	$   441,535
Exercisable at April 27, 2014	13,748	$  20.36	4.5 years	$   375,178

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 second quarter and first six months of fiscal years 2014 and 2013 are as follows:

	Three Months Ended		Six Months Ended
	April 27, 2014	April 28, 2013	April 27, 2014	April 28, 2013
Weighted-average grant date fair value of options granted	$     9.04	$    6.57	$     9.68	$     5.50
Intrinsic value of exercised options	$ 18,567	$16,133	$ 31,969	$ 62,653

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

	Three Months Ended		Six Months Ended
	April 27, 2014	April 28, 2013	April 27, 2014	April 28, 2013
Risk-Free Interest Rate	2.4%	1.7%	2.5%	1.4%
Dividend Yield	1.8%	1.9%	1.8%	2.1%
Stock Price Volatility	20.0%	20.0%	20.0%	20.0%
Expected Option Life	8 years	8 years	8 years	8 years

Schedule of reconciliation of the nonvested shares

A reconciliation of the nonvested shares (in thousands) as of April 27, 2014, and changes during the six months then ended, is as follows:

	Shares	Weighted- Average Grant- Date Fair Value
Nonvested at October 27, 2013	112	$  24.77
Granted	33	43.46
Vested	75	27.35
Forfeited	5	19.56
Nonvested at April 27, 2014	65	$  31.74

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

The weighted-average grant date fair value of nonvested shares granted, the total fair value (in thousands) of nonvested shares granted, and the fair value (in thousands) of shares that have vested during the first six months of fiscal years 2014 and 2013 are as follows:

	Six Months Ended
	April 27, 2014	April 28, 2013
Weighted-average grant date fair value	$  43.46	$  35.42
Fair value of nonvested shares granted	$  1,440	$  1,600
Fair value of shares vested	$  2,056	$  1,758

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

	Three Months Ended		Six Months Ended
(in thousands)	April 27, 2014	April 28, 2013	April 27, 2014	April 28, 2013
Stock-based compensation expense recognized	$  5,987	$ 6,330	$ 10,944	$ 11,906
Less: Income tax benefit recognized	(2,275)	(2,393)	(4,159)	(4,502)
After-tax stock-based compensation expense	$  3,712	$ 3,937	$ 6,785	$   7,404