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Stock Repurchase Program | 3 Months Ended
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Jan. 31, 2023
Stock Repurchase Program [Abstract] |
Stock Repurchase Program | Stock Repurchase Program In September 2022, our Board of Directors (the Board) approved a replenishment of our stock repurchase program (the Program) with authorization to purchase up to $1.5 billion of our common stock. In December 2022, we entered into an accelerated stock repurchase agreement (the December 2022 ASR) to repurchase an aggregate of $300.0 million of our common stock. Pursuant to the December 2022 ASR, we made a prepayment of $300.0 million to receive initial deliveries of shares valued at $255.0 million. The remaining balance of $45.0 million was settled in February 2023. Total shares purchased under the December 2022 ASR were approximately 0.9 million shares, at an average purchase price of $335.39 per share. During the three months ended January 31, 2023, we also repurchased on the open market approximately 18.2 thousand shares of our common stock at an average price of $314.77 per share for an aggregate purchase price of $5.7 million. As of January 31, 2023, $1.1 billion remained available for future repurchases under the Program. Stock repurchase activities as well as the reissuance of treasury stock for employee stock-based compensation purposes were as follows:
| Three Months Ended January 31, |  |
| 2023(1) |  | 2022(2)(3) |  |  |  |
| (in thousands)
Total shares repurchased | 806 |  |  | 701 |  |  |  |  |
Total cost of the repurchased shares | $ | 260,724 |  |  | $ | 245,000 |  |  |  |  |
Reissuance of treasury stock | 811 |  |  | 895 |  |  |  |  |
(1) Excluded the 107,020 shares and $45.0 million equity forward contract from the December 2022 ASR settled in February 2023. (2) Included the 107,701 shares and $35.0 million equity forward contract from the August 2021 ASR settled in November 2021. (3) Excluded the 161,215 shares and $40.0 million equity forward contract from the December 2021 ASR settled in February 2022.

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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 https://asc.fasb.org/subtopic&trid=2208821 + Details
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