XML 56 R37.htm IDEA: XBRL DOCUMENT
v3.3.1.900

STOCK-BASED COMPENSATION PLANS (Tables) | 12 Months Ended
--- | ---
Oct. 31, 2015
STOCK-BASED COMPENSATION PLANS |
Schedule of compensation costs related to stock-based awards |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fiscal years ended October 31 |  |  | 2015 |  |  | 2014 |  |  | 2013 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Stock option awards |  | $ | 4,704 |  | $ | 5,142 |  | $ | 4,710 |
Restricted stock and restricted stock units |  |  | 1,756 |  |  | 1,653 |  |  | 1,694 |
Performance share awards |  |  | 3,964 |  |  | 4,496 |  |  | 3,833 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total compensation cost for stock-based awards |  | $ | 10,424 |  | $ | 11,291 |  | $ | 10,237 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Tax benefit realized for tax deductions from stock-based awards |  | $ | 12,925 |  | $ | 12,988 |  | $ | 10,614 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of stock options activity |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  |  | Stock Option Awards |  |  | Weighted- Average Exercise Price |  |  | Weighted- Average Contractual Life(years) |  |  | Intrinsic Value |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Outstanding as of October 31, 2014 |  |  | 3,049,652 |  | $ | 29.04 |  |  | 5.4 |  | $ | 99,713 |
Granted |  |  | 292,013 |  |  | 62.74 |  |  |  |  |  |  |
Exercised |  |  | (410,428 | ) |  | 22.23 |  |  |  |  |  |  |
Cancelled/forfeited |  |  | (16,145 | ) |  | 60.98 |  |  |  |  |  |  |
Expired |  |  | (371 | ) |  | 59.50 |  |  |  |  |  |  |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Outstanding as of October 31, 2015 |  |  | 2,914,721 |  | $ | 33.21 |  |  | 5.2 |  | $ | 122,606 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Exercisable as of October 31, 2015 |  |  | 2,309,155 |  | $ | 26.92 |  |  | 4.4 |  | $ | 111,644 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of total market value and the intrinsic value of options exercised |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fiscal years ended October 31 |  |  | 2015 |  |  | 2014 |  |  | 2013 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Market value of stock options exercised |  | $ | 27,860 |  | $ | 19,017 |  | $ | 23,160 |
Intrinsic value of options exercised 1 |  |  | 18,739 |  |  | 12,311 |  |  | 13,875 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
1 | Intrinsic value is calculated as amount by which the stock price at exercise date exceeded the option exercise price
Schedule of valuation assumptions of stock-based compensation |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fiscal years ended October 31 |  |  | 2015 |  |  | 2014 |  |  | 2013 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Expected life of option in years |  |  | 5.94 |  |  | 6 |  |  | 6 |
Expected stock price volatility |  |  | 29.66 | % |  | 34.29 | % |  | 35.19 | %
Risk-free interest rate |  |  | 1.61 | % |  | 1.92 | % |  | 0.88 | %
Expected dividend yield |  |  | 1.29 | % |  | 1.25 | % |  | 1.07 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average fair value at date of grant |  | $ | 16.81 |  | $ | 18.69 |  | $ | 13.03 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of restricted stock and restricted stock unit awards granted |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fiscal years ended October 31 |  |  | 2015 |  |  | 2014 |  |  | 2013 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average fair value at date of grant |  | $ | 67.77 |  | $ | 63.05 |  | $ | 46.10 |
Fair value of restricted stock and restricted stock units vested |  |  | 1,702 |  |  | 1,890 |  |  | 1,207 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of unvested restricted stock shares and the weighted average fair value at the date of grant |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  |  | Restricted Stock and Units |  |  | Weighted- Average Fair Value at Date of Grant |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unvested as of October 31, 2014 |  |  | 78,529 |  | $ | 49.22 |
Granted |  |  | 55,180 |  |  | 67.77 |
Vested |  |  | (39,457 | ) |  | 43.15 |
Forfeited |  |  | (2,455 | ) |  | 56.72 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unvested as of October 31, 2015 |  |  | 91,797 |  | $ | 62.78 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of performance share awards granted |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fiscal years ended October 31 |  |  | 2015 |  |  | 2014 |  |  | 2013 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average fair value at date of grant |  | $ | 65.68 |  | $ | 59.31 |  | $ | 42.06 |
Fair value of performance share awards vested |  |  | 7,989 |  |  | 7,926 |  |  | 9,057 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of unvested performance share awards and the weighted average fair value at the date of grant |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  |  | Performance Shares |  |  | Weighted- Average Fair Value at Date of Grant |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unvested as of October 31, 2014 |  |  | 476,800 |  | $ | 40.82 |
Granted |  |  | 61,700 |  |  | 65.68 |
Vested |  |  | (202,400 | ) |  | 28.24 |
Cancelled/forfeited |  |  | (6,300 | ) |  | 58.69 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unvested as of October 31, 2015 |  |  | 329,800 |  | $ | 52.85 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​

X
- Definition Tabular disclosure of the performance share awards granted during the period. + References No definition available. + Details
Name: | ttc_ScheduleOfPerformanceShareAwardsGrantsInPeriodTableTextBlock
Namespace Prefix: | ttc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of restricted stock and restricted stock unit awards granted during the period. + References No definition available. + Details
Name: | ttc_ScheduleOfRestrictedStockAndRestrictedStockUnitAwardsGrantsInPeriodTableTextBlock
Namespace Prefix: | ttc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the market value of stock options exercised and total intrinsic value of options exercised during the fiscal year. + References No definition available. + Details
Name: | ttc_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsMarketValueAndIntrinsicValueOfOptionsExercisedTableTextBlock
Namespace Prefix: | ttc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + 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
Name: | us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration