Preferred and Common Stock

12 Months Ended

Oct. 31, 2014

Stockholders' Equity Note [Abstract]

Preferred and Common Stock

PREFERRED AND COMMON STOCK

Preferred Stock

We are authorized to issue 500,000 shares of preferred stock. None of these preferred shares are issued.

Common Stock

On September 5, 2012, our Board of Directors approved a share repurchase program authorizing up to $50.0 million in share repurchases. During 2014, we purchased 0.8 million shares of our common stock at an average price of $26.2 per share for a total of $20.0 million. Any repurchased shares are retired and returned to an authorized but unissued status.