STOCK BASED COMPENSATION (Tables)

3 Months Ended

Jan. 31, 2017

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 months ended January 31, 2017 and 2016 is as follows:

	Three months ended January 31,
	2017	2016
	$	$
Management Equity Incentive Plan (MEIP)	2.3	1.0
Restricted Stock Units	1.3	—
Stock Options	0.4	—
Stock Based Compensation Expense	4.0	1.0

A summary of Standard RSUs activity for the three months ended January 31, 2017 is as follows:

	Restricted Share Units		Weighted Average Grant Date Fair Value
			$
Outstanding as of October 31, 2016	450,184		21.00
Granted	6,000		25.61
Vested	(59,525	)	21.00
Outstanding as of January 31, 2017	396,659		21.07

A summary of stock option activity for the three months ended January 31, 2017 is as follows:

	Stock Options	Weighted Average Fair Value
		$
Outstanding as of October 31, 2016	1,021,584	8.29
Granted	9,000	9.69
Outstanding as of January 31, 2017	1,030,584	8.30

Schedule of Plan Activity

A summary of the MEIP activity for the three months ended January 31, 2017 is as follows:

	Class B		Class C		Class D		Class E		Total		Weighted Average Fair Value
Outstanding as of October 31, 2016	59,290		8,470		8,470		8,470		84,700		$	687.27
Forfeited	(288	)	(50	)	(50	)	(50	)	(438	)	$	870.09
Outstanding as of January 31, 2017	59,002		8,420		8,420		8,420		84,262		$	686.32

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

The model incorporated the following assumptions:

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

The estimated fair value of stock options granted at the time of the IPO 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	—	%