Stock-Based Compensation Plans (Tables)

12 Months Ended

Oct. 31, 2019

Summary of stock-based compensation expense recognized by plan

(in thousands)		2019		2018		2017
Omnibus Incentive Plans:
Restricted shares	$	57,821	$	52,312	$	48,955
Stock options		21,949		23,531		20,693
Deferred stock units		915		1,008		524
Employee Stock Purchase Plans		355		793		716
Employee Stock Purchase Incentive Plan		512		877		753
Atlanta Capital Plan		2,280		2,969		3,420
Atlanta Capital Phantom Incentive Plan		1,087		567		-
Parametric Plan		3,461		3,177		3,816
Parametric Phantom Incentive Plan		3,533		2,821		1,172
Total stock-based compensation expense	$	91,913	$	88,055	$	80,049

Summary of restricted share activity

		Weighted-
		Average
		Grant Date
(share amounts in thousands)	Shares	Fair Value
Unvested, beginning of period	4,544	$	40.70
Granted	1,746		44.87
Issued in exchange for Parametric phantom incentive units(1)	556		44.34
Vested	(1,346)		39.15
Forfeited	(123)		43.09
Unvested, end of period	5,377	$	42.72

Reflects restricted shares of the Company’s Non-Voting Common Stock issued in exchange for Parametric phantom incentive units in the fourth quarter of fiscal 2019. The number of restricted shares issued was determined using a fixed exchange ratio based on the per unit value of Parametric and the closing price of the Company’s Non-Voting Common stock of $44.34 determined as of July 19, 2019. Refer to the “Parametric Phantom Incentive Plans” section of this Note for additional information.

Assumptions used to determine the weighted average grant date fair value of options granted

		2019		2018		2017
Weighted-average grant date fair value
of options granted	$	9.07	$	10.55	$	6.29
Assumptions:
Dividend yield		3.1% to 3.50%		2.4%		2.60% to 3.20%
Expected volatility		24% to 31%		24%		25%
Risk-free interest rate		2.60% to 3.10%		2.30% to 2.80%		1.70% to 2.30%
Expected life of options		7.2 years		7.2 years		7.0 years

Summary of stock option transactions

(share and intrinsic value amounts in thousands)	Shares	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Options outstanding, beginning of period	16,760	$	35.23
Granted	2,469		45.37
Exercised	(1,570)		28.68
Forfeited/expired	(60)		40.44
Options outstanding, end of period	17,599	$	37.22	5.6	$	156,418
Options exercisable, end of period	8,926	$	33.39	3.9	$	109,872

Deferred Stock Units [Member] | Atlanta Capital Phantom Incentive Plans [Member]

Summary of restricted share activity

		Weighted-
	Phantom	Average
	Incentive	Grant Date
	Units	Fair Value
Unvested, beginning of period	19,931	$	142.31
Granted	19,531		133.12
Vested	(1,992)		142.31
Unvested, end of period	37,470	$	137.52

Deferred Stock Units [Member] | Parametric Phantom Incentive Plan 2016 [Member]

Summary of restricted share activity

			Weighted-
			Average
		Phantom	Grant Date
		Incentive	Fair Value
		Units	Per Unit
Unvested, beginning of period		6,222	$	2,010.27
Vested		(825)		1,956.11
Forfeited		(248)		1,991.57
Exchanged for restricted shares(1)		(5,074)		2,939.00
Unvested, end of period		75	$	2,091.93
(1)	Reflects Parametric phantom incentive units exchanged for restricted shares upon the close of the exchange offer transaction in the fourth quarter of fiscal 2019 determined using a fixed exchange ratio based on a $2,939 per unit value of Parametric for awards granted under the 2016 Parametric Plan determined as of July 19, 2019.

Deferred Stock Units [Member] | Parametric Phantom Incentive Plan 2018 [Member]

Summary of restricted share activity

			Weighted-
			Average
		Phantom	Grant Date
		Incentive	Fair Value
		Units	Per Unit
Unvested, beginning of period		1,530	$	22.09
Granted		355,067		22.83
Vested		(1,034)		22.74
Forfeited		(18,780)		22.83
Exchanged for restricted shares(1)		(330,886)		29.39
Unvested, end of period		5,897	$	22.82
(1)	Reflects Parametric phantom incentive units exchanged for restricted shares upon the close of the exchange offer transaction in the fourth quarter of fiscal 2019 determined using a fixed exchange ratio based on a $29.39 per unit value of Parametric for awards granted under the 2018 Parametric Plan determined as of July 19, 2019.