STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Jul. 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 July 24, 2016, and changes during the nine months 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	2,128	38.31
Exercised	3,655	9.56
Forfeited	24	22.88
Outstanding at July 24, 2016	32,846	$ 15.89	4.9 years	$ 692,459
Exercisable at July 24, 2016	25,959	$ 12.77	4.1 years	$ 625,760

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 2016 and 2015, are as follows:

	Three Months Ended				Nine Months Ended
	July 24, 2016		July 26, 2015		July 24, 2016		July 26, 2015
Weighted-average grant date fair value	$	7.46	$	5.06	$	7.82	$	4.92
Intrinsic value of exercised options	$	7,895	$	10,223	$	111,111	$	42,824

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

	Three Months Ended		Nine Months Ended
	July 24, 2016	July 26, 2015	July 24, 2016	July 26, 2015
Risk-free interest rate	1.9%	1.9%	2.1%	2.1%
Dividend yield	1.5%	1.8%	1.5%	1.9%
Stock price volatility	19.0%	19.0%	19.0%	19.0%
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 24, 2016, and changes during the nine months then ended, is as follows:

	Shares	Weighted- Average Grant- Date Fair Value
Nonvested at October 25, 2015	74	$	25.87
Granted	47	41.01
Vested	74	25.87
Nonvested at July 24, 2016	47	$	41.01

Schedule of the weighted-average grant date fair value of nonvested shares granted, the total fair value of nonvested shares granted, and the fair value of shares that have 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 2016 and 2015, are as follows:

	Nine Months Ended
	July 24, 2016		July 26, 2015
Weighted-average grant date fair value	$	41.01	$	25.87
Fair value of nonvested shares granted	$	1,920	$	1,920
Fair value of shares vested	$	1,920	$	2,347

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

	Three Months Ended				Nine Months Ended
(in thousands)	July 24, 2016		July 26, 2015		July 24, 2016		July 26, 2015
Stock-based compensation expense recognized	$	1,913	$	1,711	$	16,091	$	14,260
Income tax benefit recognized	(726)		(649)		(6,105)		(5,414)
After-tax stock-based compensation expense	$	1,187	$	1,062	$	9,986	$	8,846