Stock Issuance and Stock Repurchase Program

9 Months Ended

Jul. 31, 2014

Stock Repurchase Program [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Stock Issuance and Stock Repurchase Program

Stock Issuance

In November 2013, in anticipation of the Shapell acquisition, we issued 7.2 million shares of our common stock, par value $0.01 per share, at a price to the public of $32.00 per share. We received $220.4 million of net proceeds from the issuance.

Stock Repurchase Program

In March 2003, our Board of Directors authorized the repurchase of up to 20 million shares of our common stock, par value $0.01, in open market transactions or otherwise, for the purpose of providing shares for our various employee benefit plans.

The table below provides, for the periods indicated, information about our share repurchase program:

	Nine months ended July 31,				Three months ended July 31,
	2014		2013		2014		2013
Number of shares purchased (in thousands)	10		495		5		490
Average price per share	$	35.03	$	30.90	$	35.42	$	30.87
Remaining authorization at July 31 (in thousands)	8,258		8,270		8,258		8,270