XML 67 R42.htm IDEA: XBRL DOCUMENT v3.6.0.2
Stock-Based Compensation (Tables)
 12 Months Ended
Oct. 31, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summarized Activity Related to Stock Options

The following table summarizes activity related to stock options during 2016:

 

 

 

Number of

Options

 

 

Weighted˗Average

Exercise Price

Per Share

 

 

Aggregate

Intrinsic

Value

 

 

Weighted˗Average

Remaining

Term

Outstanding at October 31, 2015

 

 

1,759

 

 

$

50.74

 

 

 

 

 

 

 

Granted

 

 

490

 

 

$

70.91

 

 

 

 

 

 

 

Exercised

 

 

(333

)

 

$

35.12

 

 

 

 

 

 

 

Forfeited or expired

 

 

(35

)

 

$

69.23

 

 

 

 

 

 

 

Outstanding at October 31, 2016

 

 

1,881

 

 

$

58.41

 

 

$

78,461

 

 

6.4 years

Vested at October 31, 2016 or expected to vest

 

 

1,861

 

 

$

58.27

 

 

$

77,925

 

 

6.4 years

Exercisable at October 31, 2016

 

 

996

 

 

$

45.90

 

 

$

54,031

 

 

4.7 years

 
Summarized Information on Currently Outstanding Options

Summarized information on currently outstanding options follows:

 

 

 

Range of Exercise Price

 

 

 

$14 - $28

 

 

$29 - $44

 

 

$45 - $81

 

Number outstanding

 

 

236

 

 

 

434

 

 

 

1,211

 

Weighted-average remaining contractual life, in years

 

 

2.4

 

 

 

4.4

 

 

 

7.9

 

Weighted-average exercise price

 

$

22.68

 

 

$

41.49

 

 

$

71.44

 

Number exercisable

 

 

236

 

 

 

434

 

 

 

326

 

Weighted-average exercise price

 

$

22.68

 

 

$

41.49

 

 

$

68.53

 

 
Fair Value Assumptions of Stock Options

The fair value of each option grant was estimated at the date of grant using the Black-Scholes option-pricing model with the following assumptions:

 

 

 

 

2016

 

 

 

2015

 

 

 

2014

 

Expected volatility

 

29.1%-30.4%

 

 

30.3%-39.5%

 

 

40.1%˗44.7%

 

Expected dividend yield

 

 

1.54%

 

 

1.06%-1.10%

 

 

0.98%˗1.03%

 

Risk-free interest rate

 

1.78%-1.90%

 

 

1.57%˗1.85%

 

 

1.51%˗1.79%

 

Expected life of the option (in years)

 

5.4-6.2

 

 

5.4˗6.1

 

 

5.4˗6.1

 

 
Summarized Activity Related to Restricted Stock

The following table summarizes activity related to restricted shares during 2016:

 

 

 

Number of

Shares

 

 

Weighted˗Average

Grant Date Fair

Value Per Share

 

Restricted at October 31, 2015

 

 

53

 

 

$

73.23

 

Granted

 

 

30

 

 

$

70.80

 

Vested

 

 

(23

)

 

$

69.17

 

Restricted at October 31, 2016

 

 

60

 

 

$

73.56

 

 
Summarized Activity Related to Restricted Stock Units

The following table summarizes activity related to restricted share units in 2016:

 

 

 

Number of

Units

 

 

Weighted˗Average Grant Date Fair

Value

 

Restricted share units at October 31, 2015

 

 

0

 

 

$

—

 

Granted

 

 

13

 

 

$

72.01

 

Vested

 

 

(13

)

 

$

72.01

 

Restricted share units at October 31, 2016

 

 

0

 

 

$

—

 

 
Summarized Activity Related to Director Deferred Compensation Shares

The following table summarizes activity related to director deferred compensation share equivalent units during 2016:

 

 

 

Number of

Shares

 

 

Weighted˗Average

Grant Date Fair

Value Per Share

 

Outstanding at October 31, 2015

 

 

100

 

 

$

36.76

 

Deferrals

 

 

1

 

 

$

78.59

 

Restricted stock units vested

 

 

8

 

 

$

72.09

 

Dividend equivalents

 

 

1

 

 

$

77.95

 

Distributions

 

 

(11

)

 

$

26.33

 

Outstanding at October 31, 2016

 

 

99

 

 

$

41.72