Senior Notes and Senior Subordinated Notes

9 Months Ended

Jul. 31, 2011

Senior Notes And Senior Subordinated Notes [Abstract]

Senior Notes and Senior Subordinated Notes

6. Senior Notes and Senior Subordinated Notes

The Company has repurchased, and may from time to time in the future repurchase, its senior notes in the open market or otherwise. In the three-month period ended July 31, 2011, the Company repurchased $45.1 million of its 6.875% Senior Notes due 2012 in the open market at various prices. In the nine-month and three-month periods ended July 31, 2011, the Company expensed $3.4 million related to the premium paid on, and the write-off of unamortized issuance costs of, these Senior Notes.

In the three-month period ended July 31, 2010, the Company repurchased $35.5 million of its 5.95% Senior Notes due 2013 and 4.95% Senior Notes due in 2014 in the open market at various prices. In the nine-month and three-month periods ended July 31, 2010, the Company expensed $0.7 million related to the premium/loss paid on, and other debt redemption costs of, these Senior Notes.

In the three-month period ended January 31, 2010, the Company redeemed the remaining $47.9 million outstanding principal amount of its Toll Corp. 8.25% Senior Subordinated Notes due December 2011 at a cash redemption price of 100.0% of the principal amount plus accrued and unpaid interest on December 1, 2009.