COMMON STOCK

6 Months Ended

Apr. 30, 2024

Stockholders' Equity Note [Abstract]

COMMON STOCK

COMMON STOCK

Effective December 13, 2023, our Board of Directors expanded our existing share repurchase program by an additional $150.0 million. Share repurchases may take place on the open market or otherwise, and all or part of the repurchases may be made pursuant to Rule 10b5-1 plans or in privately negotiated transactions. The timing of repurchases is at our discretion and will depend upon several factors, including market and business conditions, future cash flows, share price, share availability, and other factors. Repurchased shares are retired and returned to an authorized but unissued status. The repurchase program may be suspended or discontinued at any time without prior notice.

Repurchase Activity

We repurchased shares under the share repurchase program during the second quarter of fiscal year 2024, as summarized below. At April 30, 2024, authorization for $186.5 million of repurchases remained under the Share Repurchase Program. We did not repurchase any shares during the six months ended April 30, 2023.

(in millions, except per share amounts)	Three Months Ended April 30, 2024		Six Months Ended April 30, 2024
Total number of shares purchased	0.56		0.56
Average price paid per share(1)	$	42.84	$	42.84
Total cash paid for share repurchases(1)	$	23.80	$	23.80