Shares issued for option exercises and nonvested shares  may be either authorized but unissued shares, or shares of  treasury stock acquired in the open market or otherwise. The  number of shares available for future grants was 26.6 million  at October 26, 2014, 27.9 million at October 27, 2013, and 30.0  million at October 28, 2012. The Company’s nonvested shares granted on or before  September 26, 2010, vest after five years or upon retirement.  Nonvested shares granted between September 27, 2010, and July 27, 2014, vest after one year. Nonvested shares  granted on or after July 28, 2014, vest on the earlier of the day  before the Company’s next annual meeting date or one year.  A reconciliation of the nonvested shares (in thousands) as  of October 26, 2014, and changes during the fiscal year then  ended, is as follows: The Company uses hedging programs to manage price risk  associated with commodity purchases. These programs utilize  futures contracts and swaps to manage the Company’s expo- sure to price fluctuations in the commodities markets. The  Company has determined that its programs which are desig- nated as hedges are highly effective in offsetting the changes  in fair value or cash flows generated by the items hedged. Cash Flow Hedges:  The Company currently utilizes corn  futures to offset price fluctuations in the Company’s future  direct grain purchases, and has historically entered into  various swaps to hedge the purchases of grain and natural  gas at certain plant locations. The financial instruments are  designated and accounted for as cash flow hedges, and the  Company measures the effectiveness of the hedges at least  quarterly. Effective gains or losses related to these cash flow  hedges are reported in accumulated other comprehensive loss  (AOCL) and reclassified into earnings, through cost of products  sold, in the period or periods in which the hedged transactions  affect earnings. Any gains or losses related to hedge ineffec- tiveness are recognized in the current period cost of products  sold. The Company typically does not hedge its grain or natu- ral gas exposure beyond the next two upcoming fiscal years.  As of October 26, 2014, and October 27, 2013, the Company  had the following outstanding commodity futures contracts  that were entered into to hedge forecasted purchases: The weighted-average grant date fair value of nonvested shares  granted, the total fair value (in thousands) of nonvested shares  granted, and the fair value (in thousands) of shares that have  vested during each of the past three fiscal years is as follows: Stock-based compensation expense, along with the related  income tax benefit, for each of the past three fiscal years is  presented in the table below: At October 26, 2014, there was $8.2 million of total unrecog- nized compensation expense from stock-based compensation  arrangements granted under the plans. This compensation is  expected to be recognized over a weighted-average period of  approximately 2.5 years. During fiscal years 2014, 2013, and  2012, cash received from stock option exercises was $10.5  million, $30.2 million, and $14.7 million, respectively. The total  tax benefit to be realized for tax deductions from these option  exercises was $28.4 million, $29.4 million, and $11.4 million,  respectively. As of October 26, 2014, the Company has included in AOCL  hedging losses of $14.8 million (before tax) relating to its  positions, compared to losses of $9.0 million (before tax) as  of October 27, 2013. The Company expects to recognize the  majority of these losses over the next 12 months. Fair Value Hedges:  The Company utilizes futures to minimize  the price risk assumed when fixed forward priced contracts  are offered to the Company’s commodity suppliers. The intent  of the program is to make the forward priced commodities  cost nearly the same as cash market purchases at the date of  delivery. The futures contracts are designated and accounted  Volume Commodity  October 26, 2014 October 27, 2013 Corn 18.3 million bushels 14.7 million bushels Fiscal Year Ended October 26, October 27,   October 28,  (in thousands)  2014 2013  2012 Stock-based compensation expense recognized  $14,393 $17,596  $16,710 Income tax benefit recognized  (5,469)  (6,655)   (6,334) After-tax stock-based compensation expense  $ 8,924 $10,941  $10,376 Fiscal Year Ended October 26, October 27,   October 28,  2014 2013  2012 Weighted-average grant date fair value  $44.12 $35.42  $ 28.98 Fair value of nonvested shares granted  $1,760 $1,600  $ 1,369 Fair value of shares vested  $2,085 $1,824  $ 2,476  Weighted-  A v e r a g e  Grant Date Shares   Fair Value Nonvested at October 27, 2013  112  $24.77 Granted  40   44.12 Vested  77   27.14 Forfeited  5   19.56 Nonvested at October 26, 2014  70  $33.58 Note M Derivatives and Hedging 55