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Stock Repurchase Program | 9 Months Ended
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Jul. 31, 2023
Equity [Abstract] |
Stock Repurchase Program | Note 15. Stock Repurchase Program On September 2, 2021, the Company’s Board of Directors approved the authorization of a new share repurchase program that allowed the repurchase of up to $150.0 million of the Company’s outstanding common stock (the "2021 Repurchase Program"). The share repurchase authorization would have expired in 24 months and gave management the flexibility to determine conditions under which shares may be purchased. During the three and nine months ended July 31, 2022, the Company repurchased and retired 2,147,202 and 5,803,483 shares under this repurchase program at a total cost of $24.1 million and $70.0 million and at an average price of $11.16 per share and $12.03 per share, respectively. During the three and nine months ended July 31, 2023, the Company did no t repurchase any shares under the 2021 Repurchase Program. On June 1, 2023, the company’s Board of Directors approved the authorization of a new share repurchase program that allowed the repurchase of up to $175.0 million of the company’s outstanding common stock. This new authorization replaces the 2021 Repurchase Program (which was terminated by the board of directors in connection with the new authorization). The new share repurchase authorization expires 24 months after the approval date and gives management flexibility to determine conditions under which the shares may be purchased, subject to certain limitations. During the three and nine months ended July 31, 2023, the Company did no t repurchase any shares under the 2023 repurchase program.

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//505-30/tableOfContent + Details
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