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Stock-Based Compensation Plans (Tables) | 12 Months Ended
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Oct. 31, 2020
Share-based Payment Arrangement [Abstract] |
Schedule of compensation costs related to stock-based awards | Compensation costs related to stock-based compensation awards were as follows (in thousands):
Fiscal Years Ended October 31 |  | 2020 |  | 2019 |  | 2018
Unrestricted common stock awards |  | $ | 693 |  |  | $ | 592 |  |  | $ | 530 |
Stock option awards |  | 9,163 |  |  | 6,537 |  |  | 5,006 |
Performance share awards |  | 2,123 |  |  | 3,070 |  |  | 3,628 |
Restricted stock unit awards |  | 3,429 |  |  | 3,230 |  |  | 2,997 |
Total compensation cost for stock-based awards |  | $ | 15,408 |  |  | $ | 13,429 |  |  | $ | 12,161 |
Related tax benefit from stock-based awards |  | $ | 3,696 |  |  | $ | 3,200 |  |  | $ | 2,905 |
Schedule of weighted-average valuation assumptions of stock-based compensation | The table below illustrates the weighted-average valuation assumptions for options granted in the following fiscal periods:
Fiscal Years Ended October 31 |  | 2020 |  | 2019 |  | 2018
Expected life of option in years |  | 6.31 |  | 6.31 |  | 6.04
Expected stock price volatility |  | 19.53 | % |  | 19.83 | % |  | 20.58 | %
Risk-free interest rate |  | 1.73 | % |  | 2.77 | % |  | 2.21 | %
Expected dividend yield |  | 0.99 | % |  | 1.18 | % |  | 0.97 | %
Per share weighted-average fair value at date of grant |  | $ | 15.23 |  |  | $ | 12.83 |  |  | $ | 14.25 |
Schedule of stock options activity | The table below presents stock option activity for fiscal 2020:
|  | Stock Option Awards |  | Weighted-Average Exercise Price |  | Weighted-Average Contractual Life (years) |  | Aggregate Intrinsic Value (in thousands)
Outstanding as of October 31, 2019 |  | 2,848,120 |  |  | $ | 44.34 |  |  | 5.7 |  | $ | 93,392 |
Granted |  | 536,890 |  |  | 76.07 |  |  |  |  |
Exercised |  | (734,398) |  |  | 31.10 |  |  |  |  |
Forfeited |  | (4,009) |  |  | 75.23 |  |  |  |  |
Outstanding as of October 31, 2020 |  | 2,646,603 |  |  | $ | 54.40 |  |  | 6.2 |  | $ | 73,305 |
Exercisable as of October 31, 2020 |  | 1,609,770 |  |  | $ | 45.22 |  |  | 4.8 |  | $ | 59,364 |
Schedule of total market value and the intrinsic value of options exercised | The table below presents the total market value of stock options exercised and the total intrinsic value of options exercised during the following fiscal years (in thousands):
Fiscal Years Ended October 31 |  | 2020 |  | 2019 |  | 2018
Market value of stock options exercised |  | $ | 56,761 |  |  | $ | 92,352 |  |  | $ | 70,775 |
Intrinsic value of stock options exercised 1 |  | $ | 33,920 |  |  | $ | 62,288 |  |  | $ | 53,778 |
1 Intrinsic value is calculated as the amount by which the stock price at exercise date exceeded the option exercise price.
Schedule of performance share awards granted | Factors related to the company's performance share awards are as follows (in thousands, except per award data):
Fiscal Years Ended October 31 |  | 2020 |  | 2019 |  | 2018
Weighted-average fair value per award at date of grant |  | $ | 77.33 |  |  | $ | 59.58 |  |  | $ | 65.40 |
Fair value of performance share awards vested |  | $ | 6,271 |  |  | $ | 6,300 |  |  | $ | 8,419 |
Schedule of unvested performance share awards and the weighted average fair value at the date of grant | The table below presents fiscal 2020 activity for unvested performance share awards:
|  | Performance Shares |  | Weighted-Average Fair Value at Date of Grant
Unvested as of October 31, 2019 |  | 192,854 |  |  | $ | 59.47 |
Granted |  | 81,655 |  |  | 77.33 |
Vested |  | (82,782) |  |  | 54.52 |
Forfeited |  | (4,306) |  |  | 61.27 |
Unvested as of October 31, 2020 |  | 187,421 |  |  | $ | 67.58 |
Schedule of restricted stock and restricted stock unit awards granted | Factors related to the company's restricted stock unit awards are as follows (in thousands, except per award data):
Fiscal Years Ended October 31 |  | 2020 |  | 2019 |  | 2018
Weighted-average fair value per award at date of grant |  | $ | 74.55 |  |  | $ | 66.26 |  |  | $ | 63.24 |
Fair value of restricted stock units vested |  | $ | 3,410 |  |  | $ | 3,083 |  |  | $ | 4,888 |
Schedule of unvested restricted stock shares and the weighted average fair value at the date of grant | The table below presents fiscal 2020 activity for unvested restricted stock units:
|  | Restricted Stock Units |  | Weighted-Average Fair Value at Date of Grant
Unvested as of October 31, 2019 |  | 124,467 |  |  | $ | 65.30 |
Granted |  | 27,161 |  |  | 74.55 |
Vested |  | (48,212) |  |  | 64.97 |
Forfeited |  | (3,136) |  |  | 70.40 |
Unvested as of October 31, 2020 |  | 100,280 |  |  | $ | 67.69 |

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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