STOCK BASED COMPENSATION (Tables)

6 Months Ended

Apr. 30, 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 and six months ended April 30, 2017 and 2016 is as follows:

	Three months ended April 30,		Six months ended April 30,
	2017	2016	2017	2016
	$	$	$	$
Management Equity Incentive Plan (MEIP)	1.9	2.0	4.2	3.0
Restricted Stock Units	4.0	—	5.3	—
Stock Options	1.1	—	1.5	—
Stock Based Compensation Expense	7.0	2.0	11.0	3.0

A summary of Standard RSUs activity for the six months ended April 30, 2017 is as follows:

	Restricted Share Units		Weighted Average Grant Date Fair Value
			$
Outstanding as of October 31, 2016	450,184		21.00
Granted	1,028,534		26.46
Vested	(70,700	)	21.00
Outstanding as of April 30, 2017	1,408,018		24.79

A summary of stock option activity for the six months ended April 30, 2017 is as follows:

	Stock Options	Weighted Average Fair Value
		$
Outstanding as of October 31, 2016	1,021,584	8.29
Granted	726,166	10.18
Outstanding as of April 30, 2017	1,747,750	9.08

Schedule of Plan Activity

A summary of the MEIP activity for the six months ended April 30, 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 April 30, 2017	59,002		8,420		8,420		8,420		84,262		$	686.32

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

The estimated weighted average fair value of stock options is $9.08 per option and was estimated using a Black-Scholes valuation model, using the following weighted average assumptions:

Risk free interest rate	1.6	%
Expected volatility	38.1	%
Expected life of options (in years)	6.0
Dividend yield	—	%

The Monte Carlo simulation model incorporated the following weighted average assumptions:

Risk free interest rate	0.9	%
Expected volatility	41.6	%
Estimated years to exit event	2.98