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		)	(168,127		)	(250,000		)
Amount available for repurchases as of April 30, 2014	$	—		$	81,873		$	81,873

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. This transaction was completed in the second quarter of fiscal year 2014. Under the agreement, the Company paid $125,000 to the financial institution. Upon completion of the transaction, the Company received a total of 1,573 shares with an average price per share of $79.45.

In December 2013, the Company entered into a second ASR agreement with a third-party financial institution to repurchase $125,000 of the Company’s common stock. This transaction was completed in the third quarter of fiscal year 2014. Under the agreement, the Company paid $125,000 to the financial institution. Upon completion of the transaction, the Company received a total of 1,483 shares with an average price per share of $84.31.

During the nine months ended April 30, 2014, 935 shares were issued under the Company’s stock-based compensation plans. At April 30, 2014, the Company held 18,291 treasury shares.