STOCK-BASED COMPENSATION PLANS (Tables)

12 Months Ended

Oct. 31, 2016

STOCK-BASED COMPENSATION PLANS

Schedule of compensation costs related to stock-based awards

Fiscal years ended October 31		2016		2015		2014
Stock option awards	$	4,606	$	4,704	$	5,142
Restricted stock and restricted stock units		1,891		1,756		1,653
Performance share awards		3,676		3,964		4,496
Unrestricted common stock awards		464		412		409
Total compensation cost for stock-based awards	$	10,637	$	10,836	$	11,700
Related tax benefit from stock-based awards	$	3,936	$	4,009	$	4,329

Schedule of stock options activity

	Stock Option Awards		Weighted- Average Exercise Price	Weighted- Average Contractual Life (years)		Intrinsic Value
Outstanding as of October 31, 2015	5,829,442	$	16.60	5.2	$	122,606
Granted	618,884		38.73
Exercised	(1,491,666)		13.50
Cancelled/forfeited	(76,676)		34.80
Expired	—		—
Outstanding as of October 31, 2016	4,879,984	$	20.07	5.3	$	135,697
Exercisable as of October 31, 2016	3,748,816	$	15.61	4.4	$	120,973

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

Fiscal years ended October 31		2016		2015		2014
Market value of stock options exercised	$	61,468	$	27,860	$	19,017
Intrinsic value of options exercised1		41,365		18,739		12,311

1 Intrinsic value is calculated as amount by which the stock price at exercise date exceeded the option exercise price.

Schedule of weighted-average valuation assumptions of stock-based compensation

Fiscal years ended October 31	2016	2015	2014
Expected life of option in years	5.97	5.94	6.00
Expected stock price volatility	24.04%	29.66%	34.29%
Risk-free interest rate	1.80%	1.61%	1.92%
Expected dividend yield	1.24%	1.29%	1.25%
Weighted-average fair value at date of grant	$ 8.79	$ 8.41	$ 9.35

Schedule of restricted stock and restricted stock unit awards granted

Fiscal years ended October 31		2016		2015		2014
Weighted-average fair value at date of grant	$	41.83	$	33.88	$	31.53
Fair value of restricted stock and restricted stock units vested		1,265		1,702		1,890

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, 2015	183,594	$	31.39
Granted	52,990		41.83
Vested	(41,874)		30.21
Forfeited	(19,370)		33.17
Unvested as of October 31, 2016	175,340	$	34.63

Schedule of performance share awards granted

Fiscal years ended October 31		2016		2015		2014
Weighted-average fair value at date of grant	$	38.89	$	32.84	$	29.66
Fair value of performance share awards vested		7,454		7,989		7,926

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, 2015	659,600		$	26.43
Granted	116,400			38.89
Vested	(302,800	)		21.03
Cancelled/forfeited	(52,152	)		32.39
Unvested as of October 31, 2016	421,048		$	33.00