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STOCK-BASED COMPENSATION PLANS (Tables) | 12 Months Ended
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Oct. 31, 2016
STOCK-BASED COMPENSATION PLANS |
Schedule of compensation costs related to stock-based awards |
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Fiscal years ended October 31 |  |  | 2016 |  |  | 2015 |  |  | 2014 |
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Stock option awards |  | $ | 4,606 |  | $ | 4,704 |  | $ | 5,142 |
Restricted stock and restricted stock units |  |  | 1,891 |  |  | 1,756 |  |  | 1,653 |
Performance share awards |  | ​ | 3,676 |  | ​ | 3,964 |  | ​ | 4,496 |
Unrestricted common stock awards |  |  | 464 |  |  | 412 |  |  | 409 |
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Total compensation cost for stock-based awards |  | $ | 10,637 |  | $ | 10,836 |  | $ | 11,700 |
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Related tax benefit from stock-based awards |  | $ | 3,936 |  | $ | 4,009 |  | $ | 4,329 |
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Schedule of stock options activity |
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|  |  | Stock Option Awards |  |  | Weighted- Average Exercise Price |  |  | Weighted- Average Contractual Life (years) |  |  | Intrinsic Value |
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Outstanding as of October 31, 2015 |  | ​ | 5,829,442 |  | $ | 16.60 |  | ​ | 5.2 |  | $ | 122,606 |
Granted |  |  | 618,884 |  |  | 38.73 |  |  |  |  |  |  |
Exercised |  | ​ | (1,491,666) |  | ​ | 13.50 |  | ​ | ​ |  | ​ | ​ |
Cancelled/forfeited |  |  | (76,676) |  |  | 34.80 |  |  |  |  |  |  |
Expired |  | ​ | — |  | ​ | — |  | ​ | ​ |  | ​ | ​ |
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Outstanding as of October 31, 2016 |  |  | 4,879,984 |  | $ | 20.07 |  |  | 5.3 |  | $ | 135,697 |
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Exercisable as of October 31, 2016 |  | ​ | 3,748,816 |  | $ | 15.61 |  | ​ | 4.4 |  | $ | 120,973 |
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Schedule of total market value and the intrinsic value of options exercised |
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Fiscal years ended October 31 |  |  | 2016 |  |  | 2015 |  |  | 2014 |
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Market value of stock options exercised |  | $ | 61,468 |  | $ | 27,860 |  | $ | 19,017 |
Intrinsic value of options exercised 1 |  |  | 41,365 |  |  | 18,739 |  |  | 12,311 |
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1 | Intrinsic value is calculated as amount by which the stock price at exercise date exceeded the option exercise price.
Schedule of weighted-average valuation assumptions of stock-based compensation |
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Fiscal years ended October 31 |  | 2016 |  | 2015 |  | 2014 |
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Expected life of option in years |  | 5.97 |  | 5.94 |  | 6.00 |
Expected stock price volatility |  | 24.04% |  | 29.66% |  | 34.29% |
Risk-free interest rate |  | 1.80% |  | 1.61% |  | 1.92% |
Expected dividend yield |  | 1.24% |  | 1.29% |  | 1.25% |
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Weighted-average fair value at date of grant |  | $ 8.79 |  | $ 8.41 |  | $ 9.35 |
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Schedule of restricted stock and restricted stock unit awards granted |
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Fiscal years ended October 31 |  |  | 2016 |  |  | 2015 |  |  | 2014 |
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Weighted-average fair value at date of grant |  | $ | 41.83 |  | $ | 33.88 |  | $ | 31.53 |
Fair value of restricted stock and restricted stock units vested |  |  | 1,265 |  |  | 1,702 |  |  | 1,890 |
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Schedule of unvested restricted stock shares and the weighted average fair value at the date of grant |
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|  |  | Restricted Stock and Units |  |  | Weighted- Average Fair Value at Date of Grant |
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Unvested as of October 31, 2015 |  | ​ | 183,594 |  | $ | 31.39 |
Granted |  |  | 52,990 |  |  | 41.83 |
Vested |  | ​ | (41,874) |  | ​ | 30.21 |
Forfeited |  |  | (19,370) |  |  | 33.17 |
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Unvested as of October 31, 2016 |  | ​ | 175,340 |  | $ | 34.63 |
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Schedule of performance share awards granted |
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Fiscal years ended October 31 |  |  | 2016 |  |  | 2015 |  |  | 2014 |
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Weighted-average fair value at date of grant |  | $ | 38.89 |  | $ | 32.84 |  | $ | 29.66 |
Fair value of performance share awards vested |  |  | 7,454 |  |  | 7,989 |  |  | 7,926 |
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Schedule of unvested performance share awards and the weighted average fair value at the date of grant |
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|  |  | Performance Shares |  |  | Weighted- Average Fair Value at Date of Grant |
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Unvested as of October 31, 2015 |  | ​ | 659,600 |  | $ | 26.43 |
Granted |  |  | 116,400 |  |  | 38.89 |
Vested |  | ​ | (302,800 | ) | ​ | 21.03 |
Cancelled/forfeited |  |  | (52,152 | ) |  | 32.39 |
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Unvested as of October 31, 2016 |  | ​ | 421,048 |  | $ | 33.00 |
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