Stock Repurchase Program and Cash Dividend

6 Months Ended

Apr. 30, 2017

Stock Repurchase Program [Abstract]

Stock Repurchase Program [Text Block]

Stock Repurchase Program and Cash Dividend

On May 23, 2016, our Board of Directors terminated a prior share repurchase program and authorized, under a new repurchase program, the repurchase of 20 million shares of our common stock in open market transactions or otherwise for general corporate purposes, including to obtain shares for the Company’s equity award and other employee benefit plans. The Board of Directors did not fix any expiration date for this repurchase program.

The table below provides, for the periods indicated, information about our share repurchase programs:

	Six months ended April 30,				Three months ended April 30,
	2017		2016		2017		2016
Number of shares purchased (in thousands)	563		7,707		5		2,938
Average price per share	$	27.41	$	29.88	$	35.57	$	27.27
Remaining authorization at April 30 (in thousands)	15,276		10,827		15,276		10,827