STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Jan. 29, 2017

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 29, 2017, 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 30, 2016	31,998	$ 16.05
Granted	2,083	33.31
Exercised	2,025	9.90
Forfeited	36	9.35
Outstanding at January 29, 2017	32,020	17.57	5.1 years	$ 598,602
Exercisable at January 29, 2017	25,384	$ 14.14	4.3 years	$ 558,635

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 2017 and 2016 are as follows:

	Three Months Ended
	January 29, 2017		January 24, 2016
Weighted-average grant date fair value	$	6.33	$	7.71
Intrinsic value of exercised options	$	51,942	$	58,052

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

	Three Months Ended
	January 29, 2017	January 24, 2016
Risk-free interest rate	2.4%	2.1%
Dividend yield	2.0%	1.5%
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 29, 2017		January 24, 2016
Stock-based compensation expense recognized	$	7,240	$	7,162
Income tax benefit recognized	(2,747)		(2,717)
After-tax stock-based compensation expense	$	4,493	$	4,445