TREASURY STOCK

The following table highlights the share repurchase authorizations in effect during fiscal year 2014:



	Date of Authorization
	Sep 26, 2011			Jan 17, 2013			Total
Amount available for repurchases as of July 31, 2013	$	81,873		$	250,000		$	331,873
New authorizations	—			—			—
Utilized	(81,873		)	(43,127		)	(125,000		)
Amount available for repurchases as of October 31, 2013	$	—		$	206,873		$	206,873

The Company’s shares may be purchased over time, as market and business conditions warrant. There is no time restriction on these authorizations. In September 2013, the Company entered into an Accelerated Share Repurchase ("ASR") agreement with a third-party financial institution to repurchase $125,000 of the Company’s common stock. Under the agreement, the Company paid $125,000 to the financial institution, using cash on hand, and received an initial delivery of approximately 1,371 shares at an aggregate cost of $106,250, with an average price per share of $77.50. These shares were included in treasury stock in the accompanying condensed consolidated balance sheet as of October 31, 2013. The remaining $18,750 was included in additional paid in capital in the accompanying condensed consolidated balance sheets as of October 31, 2013. The transaction was completed in the second quarter of fiscal year 2014, with the Company receiving approximately 202 additional shares, at which time the $18,750 initially included in additional paid in capital was reclassified to treasury stock. The final number of shares delivered upon settlement of the transaction was determined with reference to the average price of the Company's common stock over the term of the ASR agreement.

During the three months ended October 31, 2013, 538 shares were issued under the Company’s stock-based compensation plans. At October 31, 2013, the Company held 17,003 treasury shares.