Stock Repurchase Program

3 Months Ended

Jan. 31, 2024

Stock Repurchase Program [Abstract]

Stock Repurchase Program

Stock Repurchase Program

In fiscal 2022, our Board of Directors approved a stock repurchase program (the Program) with authorization to purchase up to $1.5 billion of our common stock. As of January 31, 2024, $194.3 million remained available for future repurchases under the Program.

Stock repurchase activities as well as the reissuance of treasury stock for employee stock-based compensation purposes are as follows:

	Three Months Ended   January 31,
	2024(1)		2023(2)
	(in thousands)
Total shares repurchased	74		806
Total cost of the repurchased shares	$	45,000	$	260,724
Reissuance of treasury stock	557		811

(1) Included the 73,903 shares and $45.0 million equity forward contract from the August 2023 Accelerated Share Repurchase (ASR) settled in November 2023.

(2) Excluded the 107,020 shares and $45.0 million equity forward contract from the December 2022 ASR settled in February 2023.