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Stock-Based Compensation (Tables)
 3 Months Ended
Feb. 01, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Information pertaining to the Company's stock option awards and the related estimated weighted-average assumptions used to calculate the fair value of stock options granted
Information pertaining to the Company’s stock option awards and the related estimated weighted-average assumptions to calculate the fair value of stock options granted during the three-month periods ended February 1, 2014 and February 2, 2013
are as follows:
  
Three Months Ended
Stock Options
February 1, 2014
 
February 2, 2013
Options granted (in thousands)
16

 
20

Weighted-average exercise price

$48.97

 

$39.98

Weighted-average grant-date fair value

$7.06

 

$5.87

Assumptions:
 
 
 
Weighted-average expected volatility
23.0
%
 
24.1
%
Weighted-average expected term (in years)
5.4

 
5.3

Weighted-average risk-free interest rate
1.6
%
 
0.7
%
Weighted-average expected dividend yield
2.7
%
 
3.0
%
Ex
Summary of the activity under the Company s stock option plans:
A summary of the activity under the Company’s stock option plans as of February 1, 2014 and changes during the three-month period then ended is presented below:
Activity during the Three Months Ended February 1, 2014
Options
Outstanding
(in thousands)
 
Weighted-
Average Exercise
Price Per Share
 
Weighted-
Average
Remaining
Contractual
Term in Years
 
Aggregate
Intrinsic
Value
Options outstanding November 2, 2013
18,992

 

$33.56

 
 
 
 
Options granted
16

 

$48.97

 
 
 
 
Options exercised
(2,507
)
 

$31.76

 
 
 
 
Options forfeited
(115
)
 

$40.79

 
 
 
 
Options expired
(24
)
 

$45.46

 
 
 
 
Options outstanding at February 1, 2014
16,362

 

$33.79

 
5.2
 

$236,988

Options exercisable at February 1, 2014
11,131

 

$30.04

 
3.8
 

$202,894

Options vested or expected to vest at February 1, 2014 (1)
15,976

 

$33.57

 
5.1
 

$234,806


 
(1)
In addition to the vested options, the Company expects a portion of the unvested options to vest at some point in the future. The number of options expected to vest is calculated by applying an estimated forfeiture rate to the unvested options.
 
 
 
 
Summary of the Company's restricted stock unit award activity
A summary of the Company’s restricted stock unit award activity as of February 1, 2014 and changes during the three-month period then ended is presented below: 
Activity during the Three Months Ended February 1, 2014
Restricted
Stock Units
Outstanding
(in thousands)
 
Weighted-
Average Grant-
Date Fair Value
Per Share
Restricted stock units outstanding at November 2, 2013
2,493

 

$37.62

Units granted
24

 

$46.81

Restrictions lapsed
(784
)
 

$34.86

Forfeited
(38
)
 

$38.50

Restricted stock units outstanding at February 1, 2014
1,695

 

$39.00