STOCKHOLDERS' EQUITY

12 Months Ended

Oct. 31, 2011

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

8 STOCKHOLDERS' EQUITY

Stock Repurchase Program.   The company's Board of Directors authorized the repurchase of shares of the company's common stock as follows:

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In May 2008, 4,000,000 shares

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In July 2009, 5,000,000 shares

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In December 2010, 3,000,000 shares

During fiscal 2011, 2010, and 2009, the company paid $129,955, $135,777, and $115,283 to repurchase an aggregate of 2,296,380, 2,678,474 shares, and 3,316,536 shares, respectively. As of October 31, 2011, 2,032,858 shares remained authorized for repurchase.

Treasury Shares.   As of October 31, 2011, the company had 24,429,125 treasury shares at a cost of $984,583. As of October 31, 2010, the company had 22,637,278 treasury shares at a cost of $876,620.

   On November 30, 2011, the company's Board of Directors authorized the retirement of 15,000,000 treasury shares.