COMMON STOCK

On September 2, 2015, our Board of Directors authorized the repurchase of up to $200.0 million shares of our common stock under a new share repurchase program, which replaced a previously authorized repurchase program. Purchases 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, share price, and share availability. 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



	Six Months Ended April 30,
(in millions, except per share amounts)	2016⁽¹⁾		2015⁽²⁾
Total number of shares repurchased	0.7		0.3
Average price paid per share	$	29.82	$	31.92
Total cash paid for share repurchases	$	21.5	$	10.0

⁽¹⁾At April 30, 2016, authorization for $167.1 million of repurchases remained under our share repurchase program.

⁽²⁾Includes $2.1 million of cash paid for share repurchases that settled subsequent to April 30, 2015.