STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Jan. 24, 2016

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 January 24, 2016, and changes during the quarter then ended, is as follows:

	Shares	Weighted- Average Exercise Price	Weighted- Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at October 25, 2015	34,397	$ 13.83
Granted	1,745	37.76
Exercised	2,019	9.36
Forfeited	1	9.35
Outstanding at January 24, 2016	34,122	$ 15.32	5.3 years	$ 773,444
Exercisable at January 24, 2016	26,600	$ 12.37	4.4 years	$ 681,587

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 quarter of fiscal years 2016 and 2015 are as follows:

	Three Months Ended
	January 24, 2016	January 25, 2015
Weighted-average grant date fair value	$     7.71	$ 5.04
Intrinsic value of exercised options	$ 58,052	$ 9,192

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

	Three Months Ended
	January 24, 2016	January 25, 2015
Risk-free interest rate	2.1%	2.2%
Dividend yield	1.5%	1.9%
Stock price volatility	19.0%	19.0%
Expected option life	8 years	8 years

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

	Three Months Ended
(in thousands)	January 24, 2016		January 25, 2015
Stock-based compensation expense recognized	$	7,162	$	5,524
Income tax benefit recognized	2,717		2,097
After-tax stock-based compensation expense	$	4,445	$	3,427