Stock Repurchase Program

12 Months Ended

Oct. 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 October 31, 2024, $194.3 million remained available for future repurchases under the Program. However, in connection with the pending Ansys Merger, we have suspended the Program until we reduce our expected debt levels.

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

	Year Ended October 31,
	2024	2023 (1)		2022
	(in thousands, except per share price)
Shares repurchased	74	2,992		3,609
Average purchase price per share	608.91	$	387.92	$	314.51
Aggregate purchase price	45,000	$	1,160,724	$	1,135,000
Reissuance of treasury stock	2,133	2,670		2,922

(1)     Excludes 73,903 shares and $45.0 million equity forward contract that was settled in November 2023.