STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Jul. 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 July 27, 2014, and changes during the nine 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	1,400		45.43
Exercised	1,860		17.48
Forfeited	17		32.56
Outstanding at July 27, 2014	17,989		$	24.37	5.5 years		$	419,989
Exercisable at July 27, 2014	13,031		$	20.61	4.4 years		$	353,319

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 third quarter and first nine months of fiscal years 2014 and 2013 are as follows:

	Three Months Ended				Nine Months Ended
	July 27, 2014		July 28, 2013		July 27, 2014		July 28, 2013
Weighted-average grant date fair value of options granted	$	10.52	$	7.75	$	9.70	$	5.50
Intrinsic value of exercised options	$	23,512	$	2,591	$	55,481	$	65,244

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

	Three Months Ended		Nine Months Ended
	July 27, 2014	July 28, 2013	July 27, 2014	July 28, 2013
Risk-Free Interest Rate	2.6%	1.4%	2.5%	1.4%
Dividend Yield	1.7%	1.7%	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 July 27, 2014, and changes during the nine 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 July 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 nine months of fiscal years 2014 and 2013 are as follows:

	Nine Months Ended
	July 27, 2014			July 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		Nine Months Ended
(in thousands)	July 27, 2014	July 28, 2013	July 27, 2014	July 28, 2013
Stock-based compensation expense recognized	$ 1,746	$ 4,523	$ 12,690	$ 16,429
Income tax benefit recognized	(663)	(1,710)	(4,822)	(6,212)
After-tax stock-based compensation expense	$ 1,083	$ 2,813	$  7,868	$  10,217