SHARE REPURCHASE PROGRAMS

12 Months Ended

Oct. 31, 2020

SHARE REPURCHASE PROGRAMS [Abstract]

NOTE 20 – SHARE REPURCHASE PROGRAMS

In September 2020, the Company’s board of directors authorized the repurchase of up to $100 million of its common stock, pursuant to a repurchase plan under Rule 10b5-1 of the Securities Act of 1933 (as amended) (“the Securities Act”). Repurchases under the program commenced on September 16, 2020.

In August 2019, the Company’s board of directors authorized the repurchase of up to $100 million of its common stock, pursuant to a repurchase plan under Rule 10b5-1 of the Securities Act. The share repurchase program commenced on September 25, 2019, and was terminated on March 20, 2020.

In October 2018, the Company’s board of directors authorized the repurchase of up to $25 million of its common stock, to have been executed in open-market transactions or in accordance with a repurchase plan under Rule 10b5-1 of the Securities Act. The share repurchase program commenced on October 22, 2018, and was terminated on February 1, 2019.

In July 2018, the Company’s Board of Directors authorized the repurchase of up to $20 million of its common stock, to have been executed in open-market transactions or in accordance with a repurchase plan under Rule 10b5-1 of the Securities Act. The share repurchase program commenced on July 10, 2018, and was completed in October 2018, when the authorized amount was exhausted.

All of the shares purchased under the above repurchase programs in fiscal 2020 were retired prior to the end of the fiscal year. All of the shares purchased under prior year repurchase programs were retired in fiscal year 2019. The Table below presents information on the repurchase programs.

	Fiscal Year 2020 Purchases		Fiscal Year 2019 Purchases		Fiscal Year 2018 Purchases		Total Purchases Under Programs

Number of shares repurchased		3,194		2,133		2,558		7,885

Cost of shares repurchased	$	34,394	$	21,696	$	23,111	$	79,201

Average price paid per share	$	10.77	$	10.17	$	9.04	$	10.04