XML 43 R41.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Stock-Based Compensation (Tables)
 12 Months Ended
Oct. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summarized Activity Related to Stock Options

The following table summarizes activity related to stock options during 2019:

 

 

 

Number of

Options

 

 

Weighted˗Average

Exercise Price

Per Share

 

 

Aggregate

Intrinsic

Value

 

 

Weighted˗Average

Remaining

Term

Outstanding at October 31, 2018

 

 

1,885

 

 

$

85.33

 

 

 

 

 

 

 

Granted

 

 

348

 

 

$

124.89

 

 

 

 

 

 

 

Exercised

 

 

(416

)

 

$

62.51

 

 

 

 

 

 

 

Forfeited or expired

 

 

(30

)

 

$

121.60

 

 

 

 

 

 

 

Outstanding at October 31, 2019

 

 

1,787

 

 

$

97.74

 

 

$

105,567

 

 

6.6 years

Expected to vest

 

 

873

 

 

$

115.26

 

 

$

36,255

 

 

8.0 years

Exercisable at October 31, 2019

 

 

902

 

 

$

80.42

 

 

$

68,915

 

 

5.3 years
Summarized Information on Currently Outstanding Options

Summarized information on currently outstanding options follows:

 

 

 

Range of Exercise Price

 

 

 

$43 - $62

 

 

$63 - $81

 

 

$82 - $129

 

Number outstanding

 

 

160

 

 

 

638

 

 

 

989

 

Weighted-average remaining contractual life, in years

 

 

2.6

 

 

 

5.4

 

 

 

8.1

 

Weighted-average exercise price

 

$

55.20

 

 

$

73.48

 

 

$

120.26

 

Number exercisable

 

 

160

 

 

 

527

 

 

 

215

 

Weighted-average exercise price

 

$

55.20

 

 

$

74.03

 

 

$

114.72

 
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:

 

 

 

 

2019

 

 

 

2018

 

 

 

2017

 

Expected volatility

 

24.1%-24.5%

 

 

24.0%-26.7%

 

 

26.0%-29.2%

 

Expected dividend yield

 

1.04%

 

 

0.97%

 

 

0.91%-1.17%

 

Risk-free interest rate

 

2.84%-2.95%

 

 

2.09%-2.20%

 

 

1.89%-2.06%

 

Expected life of the option (in years)

 

5.3-6.2

 

 

5.4-6.2

 

 

5.4-6.2

 
Summarized Activity Related to Restricted Stock

The following table summarizes activity related to restricted shares during 2019:

 

 

 

Number of

Shares

 

 

Weighted˗Average

Grant Date Fair

Value Per Share

 

Restricted at October 31, 2018

 

 

53

 

 

$

108.82

 

Granted

 

 

41

 

 

$

131.30

 

Forfeited

 

 

(2

)

 

$

111.75

 

Vested

 

 

(26

)

 

$

97.84

 

Restricted at October 31, 2019

 

 

66

 

 

$

126.83

 
Summarized Activity Related to Restricted Stock Units

The following table summarizes activity related to restricted share units in 2019:

 

 

 

Number of

Units

 

 

Weighted˗Average Grant Date Fair

Value

 

Restricted share units at October 31, 2018

 

 

—

 

 

$

—

 

Granted

 

 

8

 

 

$

126.83

 

Vested

 

 

(8

)

 

$

126.83

 

Restricted share units at October 31, 2019

 

 

—

 

 

$

—

 
Summarized Activity Related to Director Deferred Compensation Shares

The following table summarizes activity related to director deferred compensation share equivalent units during 2019:

 

 

 

Number of

Shares

 

 

Weighted˗Average

Grant Date Fair

Value Per Share

 

Outstanding at October 31, 2018

 

 

107

 

 

$

51.24

 

Restricted stock units vested

 

 

5

 

 

$

126.89

 

Dividend equivalents

 

 

2

 

 

$

132.49

 

Outstanding at October 31, 2019

 

 

114

 

 

$

55.52