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Stock-Based Compensation (Tables)
3 Months Ended
Jan. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summarized Activity Related to Stock Options

The following table summarizes activity related to stock options for the three months ended January 31, 2019:

 

 

 

Number of

Options

 

 

Weighted-Average

Exercise Price Per

Share

 

 

Aggregate

Intrinsic Value

 

 

Weighted

Average

Remaining

Term

Outstanding at October 31, 2018

 

 

1,885

 

 

$

85.33

 

 

 

 

 

 

 

Granted

 

 

348

 

 

$

124.89

 

 

 

 

 

 

 

Exercised

 

 

(66

)

 

$

54.40

 

 

 

 

 

 

 

Forfeited or expired

 

 

(6

)

 

$

110.74

 

 

 

 

 

 

 

Outstanding at January 31, 2019

 

 

2,161

 

 

$

92.58

 

 

$

80,095

 

 

6.9 years

Vested or expected to vest at January 31, 2019

 

 

2,133

 

 

$

92.18

 

 

$

79,920

 

 

6.9 years

Exercisable at January 31, 2019

 

 

1,253

 

 

$

75.89

 

 

$

67,355

 

 

5.6 years

Fair Value Assumptions of Stock Options

The fair value of each option grant was estimated at the date of grant using the Black-Scholes option-pricing model with the following assumptions:

 

Three months ended

 

January 31, 2019

 

January 31, 2018

Expected volatility

 

24.1%-24.5%

 

24.0%-26.7%

Expected dividend yield

 

1.04%

 

0.97%

Risk-free interest rate

 

2.84%-2.95%

 

2.09%-2.20%

Expected life of the option (in years)

 

5.3-6.2

 

5.4-6.2

Summarized Activity Related to Restricted Stock

The following table summarizes activity related to restricted shares during the three months ended January 31, 2019:

 

 

 

Number of Shares

 

 

Weighted-Average

Grant Date Fair

Value

 

Restricted shares at October 31, 2018

 

 

53

 

 

$

108.82

 

Granted

 

 

20

 

 

$

124.90

 

Vested

 

 

(22

)

 

$

93.67

 

Restricted shares at January 31, 2019

 

 

51

 

 

$

121.55

 

Summarized Activity Related to Restricted Stock Units

The following table summarizes activity related to restricted share units during the three months ended January 31, 2019:

 

 

 

Number of Units

 

 

Weighted-Average

Grant Date Fair

Value

 

Restricted share units at October 31, 2018

 

 

0

 

 

$

 

Granted

 

 

8

 

 

$

126.83

 

Restricted share units at January 31, 2019

 

 

8

 

 

$

126.83

 

Summarized Activity Related to Director Deferred Compensation Shares

The following table summarizes activity related to director deferred compensation share equivalent units during the three months ended January 31, 2019:

 

 

 

Number of Shares

 

 

Weighted-Average

Grant Date Fair

Value

 

Outstanding at October 31, 2018

 

 

107

 

 

$

51.24

 

Dividend equivalents

 

 

1

 

 

$

120.03

 

Outstanding at January 31, 2019

 

 

108

 

 

$

51.44