Stock-Based Compensation (Tables)

6 Months Ended

Apr. 29, 2022

Share-based Payment Arrangement [Abstract]

Schedule of Compensation Cost Related to Stock-Based Awards

Compensation costs related to stock-based compensation awards were as follows:

	Three Months Ended				Six Months Ended
(Dollars in thousands)	April 29, 2022		April 30, 2021		April 29, 2022		April 30, 2021
Stock option awards	$	2,715	$	2,598	$	4,543	$	4,657
Performance share awards	1,917		2,194		3,538		3,020
Restricted stock unit awards	1,276		1,037		2,423		1,997
Unrestricted common stock awards	—		—		629		671
Total compensation cost for stock-based compensation awards	$	5,908	$	5,829	$	11,133	$	10,345

Schedule of Assumptions for Options Granted

The table below illustrates the weighted-average valuation assumptions used under the Black-Scholes valuation method for options granted in the first six months of the following fiscal periods:

	Fiscal 2022	Fiscal 2021
Expected life of option in years	6.19	6.21
Expected stock price volatility	23.76%	23.26%
Risk-free interest rate	1.30%	0.55%
Expected dividend yield	0.94%	0.86%
Per share weighted-average fair value at date of grant	$22.57	$19.39