Stock Repurchase Program and Cash Dividend

3 Months Ended

Jan. 31, 2019

Stock Repurchase Program [Abstract]

Stock Repurchase Program [Text Block]

Stock Repurchase Program and Cash Dividend

On December 12, 2018, our Board of Directors terminated our existing 20 million share repurchase program, which was authorized in December 2017, and authorized, under a new repurchase program, the repurchase of 20 million shares of our common stock in open market transactions or otherwise for general corporate purposes, including to obtain shares for the Company’s equity award and other employee benefit plans. The Board of Directors did not fix any expiration date for this repurchase program.

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

	Three months ended January 31,
	2019		2018
Number of shares purchased (in thousands)	785		4,427
Average price per share	$	32.02	$	47.43
Remaining authorization at January 31 (in thousands)	19,787		18,670

On February 21, 2017, our Board of Directors approved the initiation of quarterly cash dividends to shareholders. During the three months ended January 31, 2019 and 2018, we declared and paid aggregate cash dividends of $0.11 and $0.08 per share, respectively, to our shareholders.