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Stock Repurchase Program | 6 Months Ended
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Apr. 30, 2024
Stock Repurchase Program [Abstract] |
Stock Repurchase Program | Stock Repurchase Program In fiscal 2022, our Board of Directors approved a stock repurchase program (the Program) with authorization to purchase up to $1.5 billion of our common stock. As of April 30, 2024, $194.3 million remained available for future repurchases under the Program. However, in connection with the pending Ansys Merger, we have suspended the Program until we are able to reduce our expected debt levels. Stock repurchase activities as well as the reissuance of treasury stock for employee stock-based compensation purposes are as follows:
| Three Months Ended April 30, |  | Six Months Ended April 30,
| 2024 |  | 2023(1)(2) |  | 2024(3) |  | 2023(1)
| (in thousands)
Total shares repurchased | — |  |  | 825 |  |  | 74 |  |  | 1,631 |
Total cost of the repurchased shares | $ | — |  |  | $ | 300,000 |  |  | $ | 45,000 |  |  | $ | 560,724 |
Reissuance of treasury stock | 668 |  |  | 696 |  |  | 1,225 |  |  | 1,507 |
(1) Excluded the 105,792 shares and $45.0 million equity forward contract from the February 2023 Accelerated Stock Repurchase program (ASR) settled in May 2023. (2) Included the 107,020 shares and $45.0 million equity forward contract from the December 2022 ASR settled in February 2023. (3) Included the 73,903 shares and $45.0 million equity forward contract from the August 2023 ASR settled in November 2023.

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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 -Topic 505 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505-30/tableOfContent + Details
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