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Stock-Based Compensation (Tables) | 12 Months Ended
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Oct. 25, 2015
Stock-Based Compensation |
Schedule of reconciliation of the number of options outstanding and exercisable |
|  |  |  |  |  | Weighted- |  |  |
|  |  |  | Weighted- |  | Average |  |  |
|  |  |  | Average |  | Remaining |  | Aggregate |
|  |  |  | Exercise |  | Contractual |  | Intrinsic |
|  | Shares |  | Price |  | Term |  | Value |
Outstanding at October 26, 2014 |  | 17,402 |  | $ 24.61 |  |  |  |  |
Granted |  | 1,514 |  | 52.55 |  |  |  |  |
Exercised |  | 1,716 |  | 18.61 |  |  |  |  |
Forfeited |  | 1 |  | 18.71 |  |  |  |  |
Outstanding at October 25, 2015 |  | 17,199 |  | $ 27.67 |  | 5.0 yrs |  | $ 699,294 |
Exercisable at October 25, 2015 |  | 12,899 |  | $ 22.83 |  | 4.1 yrs |  | $ 586,844 |
Schedule of weighted-average grant date fair value of stock options granted, and the total intrinsic value of options exercised | The weighted-average grant date fair value of stock options granted and the total intrinsic value of options exercised (in thousands) during each of the past three fiscal years is as follows:
| Fiscal Year Ended
| October 25, | October 26, | October 27,
| 2015 | 2014 | 2013
Weighted-average grant date fair value | $ 9.84 | $ 9.70 | $ 5.50
Intrinsic value of exercised options | $ 67,516 | $ 74,972 | $ 77,610
Schedule of weighted-average assumptions used to calculate fair value of each option award |
| Fiscal Year Ended
| October 25, | October 26, | October 27,
| 2015 | 2014 | 2013
Risk-free interest rate | 2.1% | 2.5% | 1.4%
Dividend yield | 1.9% | 1.8% | 2.1%
Stock price volatility | 19.0% | 20.0% | 20.0%
Expected option life | 8 years | 8 years | 8 years
Schedule of reconciliation of the nonvested shares | A reconciliation of the nonvested shares (in thousands) as of October 25, 2015 and changes during the fiscal year then ended, is as follows:
|  |  |  | Weighted- |
|  |  |  | Average |
|  |  |  | Grant Date |
|  | Shares |  | Fair Value |
Nonvested at October 26, 2014 |  | 70 |  | $ 33.58 |
Granted |  | 37 |  | 51.74 |
Vested |  | 70 |  | 33.58 |
Forfeited |  | – |  | – |
Nonvested at October 25, 2015 |  | 37 |  | $ 51.74 |
Schedule of weighted-average grant date fair value of nonvested shares granted, the total fair value of nonvested shares granted, and the fair value of nonvested shares vested | The weighted-average grant date fair value of nonvested shares granted, the total fair value (in thousands) of nonvested shares granted, and the fair value (in thousands) of shares that have vested during each of the past three fiscal years is as follows:
| Fiscal Year Ended
| October 25, | October 26, | October 27,
| 2015 | 2014 | 2013
Weighted-average grant date fair value | $ 51.74 | $ 44.12 | $ 35.42
Fair value of nonvested shares granted | $ 1,920 | $ 1,760 | $ 1,600
Fair value of shares vested | $ 2,347 | $ 2,085 | $ 1,824
Schedule of stock-based compensation expense, along with the related income tax benefit |
| Fiscal Year Ended
| October 25, | October 26, | October 27,
(in thousands) | 2015 | 2014 | 2013
Stock-based compensation expense recognized | $ 15,717 | $ 14,393 | $ 17,596
Income tax benefit recognized | (5,967) | (5,469) | (6,655)
After-tax stock-based compensation expense | $ 9,750 | $ 8,924 | $ 10,941

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- Definition Tabular disclosure of the amount of total share-based compensation cost, including the amounts attributable to each share-based compensation plan and any related tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested shares. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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