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Stock-Based Compensation | 12 Months Ended
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Oct. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Stock-Based Compensation | STOCK-BASED COMPENSATION Stock-based compensation is accounted for in accordance with ASC 718, “Compensation – Stock Compensation,” which requires companies to estimate the fair value of share-based awards on the date of grant using an option-pricing model. The Company maintains two stock-based compensation plans, the 2001 Management Equity Incentive and Compensation Plan (the “2001 Plan”) and the 2005 Outside Directors Equity Award Plan (the “2005 Directors Plan”) however no stock options were granted in 2018, 2017 or 2016. No shares were forfeited or exercised in 2018, 2017 or 2016. The Company’s Amended and Restated Long Term Incentive Plan ("Long Term Incentive Plan") is intended to focus management on the key measures that drive superior performance over the longer term. The Long Term Incentive Plan is based on three-year performance periods that commence at the start of every fiscal year. For each three-year performance period, the performance goals are based on targeted levels of earnings before interest, taxes, depreciation, depletion and amortization as determined by the Special Subcommittee of the Company’s Compensation Committee of the Board of Directors (the “Special Subcommittee”). Participants are paid 50% in cash and 50% in restricted shares of the Company’s Class A and/or Class B Common Stock, as determined by the Special Subcommittee. The Company granted 85,469 shares of restricted stock with a grant date fair value of $62.20 under the Company’s Long Term Incentive Plan for 2018. The total stock expense recorded under the Long Term Incentive Plan was $5.3 million, $1.7 million and $1.5 million for the periods ended October 31, 2018, 2017 and 2016, respectively. All restricted stock awards under the Long Term Incentive Plan are fully vested at the date of award. Under the Company’s 2005 Directors Plan, the Company granted 20,529 shares of restricted stock with a grant date fair value of $59.18 in 2018. The Company granted 19,368 shares of restricted stock with a grant date fair value of $58.08 under the Company’s 2005 Directors Plan in 2017. The total expense recorded under the plan was $1.2 million, $1.1 million and $1.1 million for the periods ended October 31, 2018, 2017, and 2016, respectively. All restricted stock awards under the 2005 Directors Plan are fully vested at the date of award. During 2014, the Company awarded an officer, as part of the terms of his initial employment arrangement, 15,000 shares of Class A Common Stock under the 2001 Plan. These shares were issued subject to vesting and post-vesting restrictions on the sale or transfer until May 12, 2019. These shares fully vested in equal installments of 5,000 on May 12, 2015, 2016 and 2017. Share-based compensation expense was $0.1 million, and $0.2 million, for the periods ended October 31, 2017 and 2016, respectively. The total stock compensation expenses recorded under the plans were $6.5 million, $2.9 million and $2.8 million for the periods ended October 31, 2018, 2017 and 2016 respectively.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -URI http://asc.fasb.org/subtopic&trid=2208855 + Details
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