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Stock Repurchase Program
3 Months Ended
Jan. 31, 2012
Stock Repurchase Program [Abstract]  
Stock Repurchase Program

12. Stock Repurchase Program

In March 2003, the Company’s Board of Directors authorized the repurchase of up to 20 million shares of its common stock, par value $.01, from time to time, in open market transactions or otherwise, for the purpose of providing shares for its various employee benefit plans. The table below provides, for the periods indicated, information about the Company’s share repurchase program.

 

 

      September 30,       September 30,  
    Three months ended
January 31,
 
    2012     2011  

Number of shares purchased

    3,000       8,000  

Average price per share

  $ 20.61     $ 19.23  

Remaining authorization at January 31 (in thousands):

    8,783       11,822