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 equity 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. In January 2012, the Company entered into an accelerated share repurchase program (“ASR”) to repurchase an aggregate of $40.0 million of the Company’s common stock during fiscal 2012 at an average purchase price per share of $29.23. As of April 30, 2013, $237.4 million remained available for further repurchases under the program.

Stock repurchase activities are as follow:


	Three Months Ended April 30,				Six Months Ended April 30,
	2013		2012		2013		2012(1)
	(in thousands, except per share price)
Shares repurchased		1,003		624		1,003		2,474
Average purchase price per share	$	34.90	$	32.04	$	34.90	$	29.64
Aggregate purchase price(1)	$	34,998	$	20,000	$	34,998	$	73,335
Reissuance of treasury stock		2,639		3,631		3,709		6,116

(1)	Includes $33.3 million from the settlement of the Company’s September 2011 ASR equity forward contract and $20.0 million from the January 2012 ASR referenced above that was settled in the second quarter of fiscal 2012.