Preferred and Common Stock

12 Months Ended

Oct. 31, 2015

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 2, 2015, our Board of Directors approved a share repurchase program authorizing us to repurchase shares of our common stock amounting to $200.0 million. This authorization replaced our previous $50.0 million share repurchase program, which had $10.0 million of authorization remaining. As was the case with the previous program, these purchases may take place on the open market or otherwise, and all or part of the repurchases may be made pursuant to the terms of a Rule 10b5-1 plan or in privately negotiated transactions. In addition, such purchases will be made at such times and for such prices as we shall determine at our discretion. Repurchased shares are retired and returned to an authorized but unissued status. The repurchase program may be suspended or discontinued at any time without notice.

Repurchase Activity

	Years Ended October 31,
(in millions, except per share data)	2015		2014
Total number of shares repurchased	1.0		0.8
Average price paid per share	$	30.72	$	26.20
Total cash paid for share repurchases(1)	$	31.4	$	20.0

⁽¹⁾ At October 31, 2015, authorization for $188.6 million of share repurchases remained under our current share repurchase program.