Stock Based Compensation (Tables)

9 Months Ended

Jul. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of Stock Based Compensation

A summary of equity based compensation expense recognized during the three and nine months ended July 31, 2016 and 2015 is as follows:

	Three months ended July 31,		Nine months ended July 31,
	2016	2015	2016	2015
	$	$	$	$
Management Equity Incentive Plan (MEIP)	12.5	3.5	15.5	11.3
Restricted Stock Units	0.5	—	0.5	—
Stock Options	0.2	—	0.2	—
Stock Based Compensation Expense	13.2	3.5	16.2	11.3

Schedule of Plan Activity

A summary of the MEIP activity for the nine months ended July 31, 2016 is as follows:

	Class B		Class C		Class D		Class E		Total		Weighted Average Fair Value
Outstanding as of October 31, 2015	64,525		9,200		9,200		9,200		92,125		$	684.36
Granted	840		120		120		120		1,200		$	855.40
Forfeited	(5,450	)	(850	)	(850	)	(850	)	(8,000	)	$	678.46
Converted into Partnership Shares	(625	)	—		—		—		(625	)	$	693.35
Outstanding as of July 31, 2016	59,290		8,470		8,470		8,470		84,700		$	687.27

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The estimated fair value of all stock options granted is $8.29 per option and was estimated using a Black-Scholes valuation model, using the following assumptions:

Risk free interest rate	1.3	%
Expected volatility	39.4	%
Expected life of options (in years)	6.0
Dividend yield	—	%

The model incorporated the following assumptions:

Risk free interest rate	0.9	%
Expected volatility	41.6	%
Estimated years to exit event	3.0