Common Stock Repurchases

9 Months Ended

Jul. 31, 2012

Common Stock Repurchases Disclosure [Abstract]

Common Stock Repurchases

15. Common Stock Repurchases

The Company's current share repurchase program was announced on October26, 2011. The Board authorized management to repurchase and retire up to 8.0 million shares of its Non-Voting Common Stock on the open market and in private transactions in accordance with applicable securities laws. The timing and amount of share purchases are subject to management's discretion. The Company's share repurchase program is not subject to an expiration date.

In the first nine months of fiscal 2012, the Company purchased and retired approximately 3.0 million shares of its Non-Voting Common Stock under the current repurchase authorization. Approximately 5.0 million additional shares may be repurchased under the current authorization.