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Stock-Based Compensation (Tables)
 3 Months Ended
Jan. 30, 2016
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 using the Black-Scholes valuation model granted during the three-month periods ended January 30, 2016 and January 31, 2015 are as follows:
  
Three Months Ended
Stock Options
January 30, 2016
 
January 31, 2015
Options granted (in thousands)
36

 
55

Weighted-average exercise price

$54.88

 

$51.23

Weighted-average grant-date fair value

$12.16

 

$7.28

Assumptions:
 
 
 
Weighted-average expected volatility
31.3%

 
23.5
%
Weighted-average expected term (in years)
5.3

 
5.3

Weighted-average risk-free interest rate
1.7
%
 
1.6
%
Weighted-average expected dividend yield
2.9
%
 
2.9
%
The Company utilizes the Monte Carlo simulation valuation model to value market-based restricted stock units. The Monte Carlo simulation model utilizes multiple input variables that determine the probability of satisfying the performance conditions stipulated in the award grant and calculates the fair market value for the market-based restricted stock units granted. The Monte Carlo simulation model also uses stock price volatility and other variables to estimate the probability of satisfying the performance conditions, including the possibility that the market condition may not be satisfied, and the resulting fair value of the award. Market-based restricted stock units were not granted during the three-month periods ended January 30, 2016 or January 31, 2015.
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 January 30, 2016 and changes during the three-month period then ended is presented below:
Activity during the Three Months Ended January 30, 2016
Options
Outstanding
(in thousands)
 
Weighted-
Average Exercise
Price Per Share
 
Weighted-
Average
Remaining
Contractual
Term in Years
 
Aggregate
Intrinsic
Value
Options outstanding at October 31, 2015
12,181

 

$41.60

 
 
 
 
Options granted
36

 

$54.88

 
 
 
 
Options exercised
(181
)
 

$34.51

 
 
 
 
Options forfeited
(105
)
 

$51.08

 
 
 
 
Options expired
(7
)
 

$39.00

 
 
 
 
Options outstanding at January 30, 2016
11,924

 

$41.67

 
5.9
 

$151,932

Options exercisable at January 30, 2016
6,591

 

$34.35

 
4.2
 

$128,578

Options vested or expected to vest at January 30, 2016 (1)
11,556

 

$41.32

 
5.8
 

$150,860


 
(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 January 30, 2016 and changes during the three-month period then ended is presented below: 
Activity during the Three Months Ended January 30, 2016
Restricted
Stock Units
Outstanding
(in thousands)
 
Weighted-
Average Grant-
Date Fair Value
Per Share
Restricted stock units outstanding at October 31, 2015
2,698

 

$47.59

Units granted
84

 

$53.40

Restrictions lapsed
(135
)
 

$47.48

Forfeited
(47
)
 

$49.01

Restricted stock units outstanding at January 30, 2016
2,600

 

$47.76