COMMON STOCK

On September 2, 2015, our Board of Directors authorized the repurchase of up to $200.0 million shares of our common stock under a new share repurchase program, which replaced a previously authorized repurchase program. Purchases may take place on the open market or otherwise, and all or part of the repurchases may be made pursuant to Rule 10b5-1 plans or in privately negotiated transactions. The timing of repurchases is at our discretion and will depend upon several factors, including market and business conditions, share price, and share availability. Repurchased shares are retired and returned to an authorized but unissued status. The repurchase program may be suspended or discontinued at any time without prior notice.

Repurchase Activity



(in millions, except per share amounts)	Three Months Ended January 31, 2016
Total number of shares repurchased	0.4
Average price paid per share	$	28.19
Total cash paid for share repurchases⁽¹⁾	$	11.3

⁽¹⁾At January 31, 2016, authorization for $177.3 million of share repurchases remained under our current share repurchase program.