Note 10. Stock Repurchase Program

The Company's Board of Directors (Board) previously approved a stock repurchase program pursuant to which the Company was authorized to purchase up to $500.0 million of its common stock, and has periodically replenished the stock repurchase program to such amount. The Board replenished the stock repurchase program up to $500.0 million on May 25, 2011. The Company repurchases shares to offset dilution caused by ongoing stock issuances from existing plans for equity compensation awards, acquisitions, and when management believes it is a good use of cash. Repurchases are transacted in accordance with Rule 10b-18 of the Securities Exchange Act of 1934 (Exchange Act) and may be made through any means including, but not limited to, open market purchases, plans executed under Rule 10b5-1(c) of the Exchange Act and structured transactions. As of April 30, 2012, $272.4 million remained available for further repurchases under the program.

On September 30, 2011, the Company entered into an accelerated share repurchase agreement (the "September 2011 ASR") to repurchase an aggregate of $75.0 million of the Company's common stock. Pursuant to the September 2011 ASR, the Company made a prepayment of $75.0 million and received an initial share delivery of 1,710,376 shares of the Company's common stock. The initial share delivery was valued at $41.7 million and was recorded as treasury stock in the consolidated balance sheet as of October 31, 2011. The remaining balance of $33.3 million was recorded as an equity forward contract, which is included in "Capital in excess of par value" in the consolidated balance sheet as of October 31, 2011. The equity forward contract was settled with 1,105,457 shares of the Company's common stock during the first quarter of fiscal 2012. The average purchase price per share for this $75.0 million ASR was $26.64.

On January 6, 2012, the Company entered into an additional accelerated share repurchase agreement (the "January 2012 ASR") to repurchase an aggregate of $40.0 million of the Company's common stock. Pursuant to the January 2012 ASR, the Company made a prepayment of $40.0 million and received an initial share delivery of 744,325 shares of the Company's common stock. The initial share delivery was valued at $20.0 million and was recorded as treasury stock in the unaudited condensed consolidated balance sheet as of January 31, 2012. The remaining balance of $20.0 million was recorded as an equity forward contract, which is included in "Capital in excess of par value" in the unaudited condensed consolidated balance sheet as of January 31, 2012. The equity forward contract was settled with 624,291 shares of the Company's common stock during the second quarter of fiscal 2012. The average purchase price per share for this $40.0 million ASR was $29.23.

Stock repurchase activities are as follows:


	Three Months Ended April 30,				Six Months Ended April 30,
	2012)		2011		2012 (1)		2011
	(in thousands, except per share price)
Shares repurchased		624		6,191		2,474		8,609
Average purchase price per share	$	32.04	$	27.46	$	29.64	$	27.29
Aggregate purchase price	$	20,000	$	169,988	$	73,335	$	234,985
Reissuance of treasury stock		3,631		3,430		6,116		6,616

(1)	Amount includes $20.0 million from the settlement of the January 2012 ASR equity forward contract and $33.3 million from the settlement of the September 2011 ASR equity forward contract.