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Stock Repurchase Program | 9 Months Ended
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Jul. 31, 2022
Stock Repurchase Program [Abstract] |
Stock Repurchase Program | Stock Repurchase Program Our Board of Directors (the Board) approved a stock repurchase program (the Program) with authorization to purchase up to $1.0 billion of our common stock in December 2021. As of July 31, 2022, $242.7 million remained available for future repurchases under the Program. In May 2022, we entered into an accelerated stock repurchase agreement (the May 2022 ASR) to repurchase an aggregate of $200.0 million of our common stock. Pursuant to the May 2022 ASR, we made a prepayment of $200.0 million to receive initial deliveries of shares valued at $160.0 million. The remaining balance of $40.0 million was settled in August 2022. Total shares purchased under the May 2022 ASR were approximately 0.6 million shares, at an average purchase price of $320.24 per share. During the three months ended July 31, 2022, we also repurchased on the open market approximately 0.2 million shares of our common stock at an average price of $298.50 per share for an aggregate purchase price of $57.3 million. Stock repurchase activities as well as the reissuance of treasury stock for employee stock-based compensation purposes were as follows:
| Three Months Ended July 31, |  | Nine Months Ended July 31,
| 2022 (1) |  | 2021(2) |  | 2022(1) |  | 2021(2)
| (in thousands)
Total shares repurchased | 715 |  |  | 521 |  |  | 2,400 |  |  | 2,114 |
Total cost of the repurchased shares | $ | 217,266 |  |  | $ | 140,000 |  |  | $ | 752,266 |  |  | $ | 538,082 |
Reissuance of treasury stock | 764 |  |  | 564 |  |  | 2,342 |  |  | 2,093 |
(1) Excluded the 101,821 shares and $40.0 million equity forward contract from the May 2022 ASR settled in August 2022. (2) Excluded the 99,573 shares and $35.0 million equity forward contract from the June 2021 ASR settled in August 2021.

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- Definition Stock Repurchase Program + References No definition available. + Details
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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -URI http://asc.fasb.org/subtopic&trid=2208821 + Details
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