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STOCK-BASED COMPENSATION PLANS (Tables)
12 Months Ended
Oct. 31, 2014
Stock-Based Compensation  
Schedule of compensation costs related to stock-based awards

                                                                                                                                                                                    

 

 

Fiscal years ended October 31

 

 

2014 

 

 

2013 

 

 

2012 

 

​  

​  

​  

​  

 

​  

​  

​  

​  

​  

Stock option awards

 

$

5,142 

 

$

4,710 

 

$

4,200 

 

Restricted stock and restricted stock units

 

 

1,653 

 

 

1,694 

 

 

1,721 

 

Performance share awards

 

 

4,496 

 

 

3,833 

 

 

3,582 

 

​  

​  

​  

​  

 

​  

​  

​  

​  

​  

Total compensation cost for stock-based awards

 

$

11,291 

 

$

10,237 

 

$

9,503 

 

​  

​  

​  

​  

 

​  

​  

​  

​  

​  

Tax benefit realized for tax deductions from stock-based awards

 

$

12,988 

 

$

10,614 

 

$

13,266 

 

​  

​  

​  

​  

 

​  

​  

​  

​  

​  

 

Schedule of stock options activity

                                                                                                                                                                                    

 

 

 

 

 

Stock
Option
Awards

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Contractual
Life(years)

 

 

Intrinsic
Value

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Outstanding as of October 31, 2013

 

 

3,069,778

 

$

25.55

 

 

5.9

 

$

102,493

 

Granted

 

 

288,832

 

 

59.45

 

 

 

 

 

Exercised

 

 

(302,266

)

 

22.19

 

 

 

 

 

Cancelled

 

 

(6,692

)

 

59.50

 

 

 

 

—  

 

​  

​  

Outstanding as of October 31, 2014

 

 

3,049,652

 

$

29.04

 

 

5.4

 

$

99,713

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Exercisable as of October 31, 2014

 

 

2,338,853

 

$

23.98

 

 

4.6

 

$

88,289

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of total market value and the intrinsic value of options exercised

                                                                                                                                                                                    

 

 

Fiscal years ended October 31

 

 

2014 

 

 

2013 

 

 

2012 

 

​  

​  

​  

​  

 

​  

​  

​  

​  

​  

Market value of stock options exercised

 

$

19,017 

 

$

23,160 

 

$

35,901 

 

Intrinsic value of options exercised

 

 

12,311 

 

 

13,875 

 

 

16,061 

 

​  

​  

​  

​  

 

​  

​  

​  

​  

​  

 

Schedule of valuation assumptions of stock-based compensation

                                                                                                                                                                                    

 

Fiscal years ended October 31

 

2014

 

2013

 

2012

​  

​  

​  

 

​  

​  

​  

Expected life of option in years

 

6

 

6

 

6

Expected volatility

 

34.28% – 34.42%

 

35.18% – 35.19%

 

34.87% – 35.02%

Weighted-average volatility

 

34.29%

 

35.19%

 

35.01%

Risk-free interest rate

 

1.92%

 

0.88%

 

1.20%

Expected dividend yield

 

1.25% – 1.27%

 

1.04% – 1.07%

 

1.31% – 1.40%

Weighted-average dividend yield

 

1.25%

 

1.07%

 

1.32%

​  

​  

​  

 

​  

​  

​  

Weighted-average fair value at date of grant

 

$18.69

 

$13.03

 

$8.56

​  

​  

​  

 

​  

​  

​  

 

Schedule of restricted stock and restricted stock unit awards granted

 

                                                                                                                                                                                    

 

 

Fiscal years ended October 31

 

 

2014 

 

 

2013 

 

 

2012 

 

​  

​  

​  

​  

 

​  

​  

​  

​  

​  

Weighted-average fair value at date of grant

 

$

63.05 

 

$

46.10 

 

$

33.61 

 

Fair value of restricted stock and restricted stock units vested

 

 

1,890 

 

 

1,207 

 

 

967 

 

​  

​  

​  

​  

 

​  

​  

​  

​  

​  

 

Schedule of unvested restricted stock shares and the weighted average fair value at the date of grant

                                                                                                                                                                                    

 

 

 

 

 

Restricted
Stock and
Units

 

 

Weighted-
Average Fair
Value at Date
of Grant

 

​  

​  

​  

​  

​  

​  

​  

Unvested as of October 31, 2013

 

 

109,288

 

$

36.32

 

Granted

 

 

29,975

 

 

63.05

 

Vested

 

 

(58,047

)

 

32.43

 

Forfeited

 

 

(2,687

)

 

41.93

 

​  

​  

Unvested as of October 31, 2014

 

 

78,529

 

$

49.22

 

​  

​  

​  

​  

​  

​  

​  

 

Schedule of performance share awards granted

                                                                                                                                                                                    

 

 

Fiscal years ended October 31

 

 

2014 

 

 

2013 

 

 

2012 

 

​  

​  

​  

​  

 

​  

​  

​  

​  

​  

Weighted-average fair value at date of grant

 

$

59.31 

 

$

42.06 

 

$

28.24 

 

Fair value of performance share awards vested

 

 

7,926 

 

 

9,057 

 

 

1,828 

 

​  

​  

​  

​  

 

​  

​  

​  

​  

​  

 

Schedule of unvested performance share awards and the weighted average fair value at the date of grant

                                                                                                                                                                                    

 

 

 

 

 

Performance
Shares

 

 

Weighted-
Average Fair
Value at Date
of Grant

 

​  

​  

​  

​  

​  

​  

​  

Unvested as of October 31, 2013

 

 

520,800

 

$

33.41

 

Granted

 

 

121,600

 

 

60.19

 

Vested

 

 

(133,640

)

 

31.76

 

Cancelled

 

 

(31,960

)

 

31.76

 

​  

​  

Unvested as of October 31, 2014

 

 

476,800

 

$

40.82

 

​  

​  

​  

​  

​  

​  

​