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STOCK-BASED COMPENSATION (Tables) | 9 Months Ended
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Jul. 24, 2016
STOCK-BASED COMPENSATION |
Schedule of reconciliation of the number of options outstanding and exercisable | A reconciliation of the number of options outstanding and exercisable (in thousands) as of July 24, 2016, and changes during the nine months then ended, is as follows:
| Shares | Weighted- Average Exercise Price | Weighted- Average Remaining Contractual Term | Aggregate Intrinsic Value
Outstanding at October 25, 2015 | 34,397 | $ 13.83 |  |
Granted | 2,128 | 38.31 |  |
Exercised | 3,655 | 9.56 |  |
Forfeited | 24 | 22.88 |  |
Outstanding at July 24, 2016 | 32,846 | $ 15.89 | 4.9 years | $ 692,459
Exercisable at July 24, 2016 | 25,959 | $ 12.77 | 4.1 years | $ 625,760
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 the third quarter and first nine months of fiscal years 2016 and 2015, are as follows:
| Three Months Ended |  | Nine Months Ended
| July 24, 2016 |  | July 26, 2015 |  | July 24, 2016 |  | July 26, 2015
Weighted-average grant date fair value | $ | 7.46 |  | $ | 5.06 |  | $ | 7.82 |  | $ | 4.92
Intrinsic value of exercised options | $ | 7,895 |  | $ | 10,223 |  | $ | 111,111 |  | $ | 42,824
Schedule of weighted-average assumptions used to calculate fair value of each option award |
| Three Months Ended |  | Nine Months Ended
| July 24, 2016 |  | July 26, 2015 |  | July 24, 2016 |  | July 26, 2015
Risk-free interest rate | 1.9% |  | 1.9% |  | 2.1% |  | 2.1%
Dividend yield | 1.5% |  | 1.8% |  | 1.5% |  | 1.9%
Stock price volatility | 19.0% |  | 19.0% |  | 19.0% |  | 19.0%
Expected option life | 8 years |  | 8 years |  | 8 years |  | 8 years
Schedule of reconciliation of the nonvested shares | A reconciliation of the nonvested shares (in thousands) as of July 24, 2016, and changes during the nine months then ended, is as follows:
|  | Shares |  | Weighted- Average Grant- Date Fair Value |
Nonvested at October 25, 2015 |  | 74 |  | $ | 25.87 |
Granted |  | 47 |  | 41.01 |
Vested |  | 74 |  | 25.87 |
Nonvested at July 24, 2016 |  | 47 |  | $ | 41.01 |
Schedule of the weighted-average grant date fair value of nonvested shares granted, the total fair value of nonvested shares granted, and the fair value of shares that have 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 the first nine months of fiscal years 2016 and 2015, are as follows:
|  | Nine Months Ended |
|  | July 24, 2016 |  | July 26, 2015 |
Weighted-average grant date fair value |  | $ | 41.01 |  | $ | 25.87 |
Fair value of nonvested shares granted |  | $ | 1,920 |  | $ | 1,920 |
Fair value of shares vested |  | $ | 1,920 |  | $ | 2,347 |
Schedule of stock-based compensation expense, along with the related income tax benefit |
|  | Three Months Ended |  | Nine Months Ended
(in thousands) |  | July 24, 2016 |  | July 26, 2015 |  | July 24, 2016 |  | July 26, 2015
Stock-based compensation expense recognized |  | $ | 1,913 |  | $ | 1,711 |  | $ | 16,091 |  | $ | 14,260
Income tax benefit recognized |  | (726) |  | (649) |  | (6,105) |  | (5,414)
After-tax stock-based compensation expense |  | $ | 1,187 |  | $ | 1,062 |  | $ | 9,986 |  | $ | 8,846

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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 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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