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Stock-Based Compensation (Tables) | 12 Months Ended
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Oct. 31, 2021
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 |  | 2021 |  | 2020 |  | 2019
Stock option awards |  | $ | 9,971 |  |  | $ | 9,163 |  |  | $ | 6,537 |
Performance share awards |  | 6,861 |  |  | 2,123 |  |  | 3,070 |
Restricted stock unit awards |  | 4,306 |  |  | 3,429 |  |  | 3,230 |
Unrestricted common stock awards |  | 671 |  |  | 693 |  |  | 592 |
Total compensation cost for stock-based compensation awards |  | $ | 21,809 |  |  | $ | 15,408 |  |  | $ | 13,429 |
Related tax benefit from stock-based compensation awards |  | $ | 5,221 |  |  | $ | 3,696 |  |  | $ | 3,200 |
Schedule of weighted-average valuation assumptions of stock-based compensation | The table below illustrates the weighted-average valuation assumptions used under the Black-Scholes valuation method for options granted in the following fiscal periods:
Fiscal Years Ended October 31 |  | 2021 |  | 2020 |  | 2019
Expected life of option in years |  | 6.21 |  | 6.31 |  | 6.31
Expected stock price volatility |  | 23.26 | % |  | 19.53 | % |  | 19.83 | %
Risk-free interest rate |  | 0.55 | % |  | 1.73 | % |  | 2.77 | %
Expected dividend yield |  | 0.86 | % |  | 0.99 | % |  | 1.18 | %
Per share weighted-average fair value at date of grant |  | $ | 19.39 |  |  | $ | 15.23 |  |  | $ | 12.83 |
Schedule of stock options activity | The table below presents stock option activity for fiscal 2021:
|  | Stock Option Awards |  | Weighted-Average Exercise Price |  | Weighted-Average Contractual Life (years) |  | Aggregate Intrinsic Value (in thousands)
Outstanding as of October 31, 2020 |  | 2,646,603 |  |  | $ | 54.40 |  |  | 6.2 |  | $ | 73,305 |
Granted |  | 546,569 |  |  | 92.73 |  |  |  |  |
Exercised |  | (403,134) |  |  | 35.02 |  |  |  |  |
Forfeited |  | (18,684) |  |  | 81.29 |  |  |  |  |
Outstanding as of October 31, 2021 |  | 2,771,354 |  |  | $ | 64.60 |  |  | 6.3 |  | $ | 85,576 |
Exercisable as of October 31, 2021 |  | 1,691,552 |  |  | $ | 53.90 |  |  | 5.0 |  | $ | 70,313 |
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 |  | 2021 |  | 2020 |  | 2019
Market value of stock options exercised |  | $ | 40,071 |  |  | $ | 56,761 |  |  | $ | 92,352 |
Intrinsic value of stock options exercised 1 |  | $ | 25,952 |  |  | $ | 33,920 |  |  | $ | 62,288 |
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 |  | 2021 |  | 2020 |  | 2019
Weighted-average fair value per award at date of grant |  | $ | 90.59 |  |  | $ | 77.33 |  |  | $ | 59.58 |
Fair value of performance share awards vested |  | $ | 3,428 |  |  | $ | 6,271 |  |  | $ | 6,300 |
Schedule of unvested performance share awards and the weighted average fair value at the date of grant | The table below presents fiscal 2021 activity for unvested performance share awards:
|  | Performance Shares |  | Weighted-Average Fair Value at Date of Grant
Unvested as of October 31, 2020 |  | 187,421 |  |  | $ | 67.58 |
Granted |  | 53,976 |  |  | 90.59 |
Vested |  | (37,153) |  |  | 65.40 |
Unvested as of October 31, 2021 |  | 204,244 |  |  | $ | 76.16 |
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 |  | 2021 |  | 2020 |  | 2019
Weighted-average fair value per award at date of grant |  | $ | 97.87 |  |  | $ | 74.55 |  |  | $ | 66.26 |
Fair value of restricted stock units vested |  | $ | 4,464 |  |  | $ | 3,410 |  |  | $ | 3,083 |
Schedule of unvested restricted stock shares and the weighted average fair value at the date of grant | The table below presents fiscal 2021 activity for unvested restricted stock units:
|  | Restricted Stock Units |  | Weighted-Average Fair Value at Date of Grant
Unvested as of October 31, 2020 |  | 100,280 |  |  | $ | 67.69 |
Granted |  | 73,098 |  |  | 97.87 |
Vested |  | (44,142) |  |  | 65.68 |
Forfeited |  | (4,984) |  |  | 79.15 |
Unvested as of October 31, 2021 |  | 124,252 |  |  | $ | 85.54 |

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