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Common Stock Repurchases | 3 Months Ended
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Oct. 31, 2015
Equity [Abstract] |
Common Stock Repurchases | NOTE 9 – Common Stock Repurchases On September 22, 2011, the Company's board of directors approved a 40 million share increase in the Company's stock repurchase program, bringing the total current authorization to 98 million shares. The repurchases may be effected through solicited or unsolicited transactions in the open market or in privately negotiated transactions. No time limit has been placed on the duration of the stock repurchase program. Subject to applicable securities laws, such repurchases will be made at such times and in such amounts as the Company deems appropriate and may be discontinued at any time. The Company did not repurchase any common stock under the program during the three months ended October 31, 2015 or 2014. As of October 31, 2015, the total number of shares repurchased under the program was 50,518,282, and 47,481,718 shares were available for repurchase under the program. In fiscal 2015, certain executive officers and employees exercised stock options through cashless exercises. A portion of the options exercised were net settled in satisfaction of the exercise price and federal and state minimum statutory tax withholding requirements. The Company remitted $1.1 million for the three months ended October 31, 2014 to the proper taxing authorities in satisfaction of the employees' minimum statutory withholding requirements. The stock options exercised by certain employees and executive officers through cashless exercises are summarized in the following table:
Period |  | Options Exercised |  | Weighted Average Exercise Price |  | Shares Net Settled for Exercise |  | Shares Withheld for Taxes(1) |  | Net Shares to Employees |  | Weighted Average Share Price for Withholding |  | Tax Withholdings (in 000s)
FY 2015—Q1 |  | 201,333 |  |  | $ | 19.59 |  |  | 124,621 |  |  | 35,416 |  |  | 41,296 |  |  | $ | 31.65 |  |  | $ | 1,121 |
FY 2015—Q3 |  | 139,690 |  |  | $ | 20.27 |  |  | 76,021 |  |  | 20,656 |  |  | 43,013 |  |  | $ | 37.27 |  |  | $ | 770 |
FY 2015—Q4 |  | 200,000 |  |  | $ | 12.02 |  |  | 66,602 |  |  | 52,158 |  |  | 81,240 |  |  | $ | 36.08 |  |  | $ | 1,882 |
(1) Shares withheld for taxes are treated as a repurchase of shares for accounting purposes but do not count against the Company's stock repurchase program. No stock options were exercised by certain employees and executive officers through cashless exercises during the three months ended January 31, 2015 and October 31, 2015.

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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 No definition available. + Details
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