TREASURY STOCK

The following table highlights the share repurchase authorizations in effect during fiscal year 2015:



	Date of Authorization
	Jan 17, 2013			Jul 17, 2014			Oct 9, 2014		Total
Amount available for repurchases as of July 31, 2014	$	81,873		$	600,000		$	—	$	681,873
New authorizations	—			—			200,000		200,000
Utilized	(81,873		)	(218,127		)	—		(300,000		)
Amount available for repurchases as of October 31, 2014	$	—		$	381,873		$	200,000	$	581,873

The Company’s shares may be purchased over time as market and business conditions warrant. There is no time restriction on these authorizations. In August 2014, the Company entered into an Accelerated Share Repurchase (“ASR”) agreement with a third-party financial institution to repurchase $300,000 of the Company’s common stock. Under the agreement, the Company paid $300,000 to the financial institution and received an initial delivery of approximately 3,056 shares at an aggregate cost of $255,000, with an average price per share of $83.43. These shares were included in treasury stock in the accompanying condensed balance sheet as of October 31, 2014. The remaining $45,000 was included in additional paid in capital in the accompanying condensed balance sheet as of October 31, 2014. The transaction was completed in the second quarter of fiscal year 2015, with the Company receiving approximately 405 additional shares, at which time the $45,000 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, 2014, 132 shares were issued under the Company’s stock-based compensation plans. At October 31, 2014, the Company held 21,035 treasury shares.