Note 6—Equity

Changes in the components of equity were as follows:

	Three Months Ended October 31, 2015
	Attributable to IDT Corporation			Noncontrolling Interests			Total
	(in thousands)
Balance, July 31, 2015	$	133,831		$	1,109		$	134,940
Dividends declared ($0.18 per share)		(4,199	)		—			(4,199	)
Restricted Class B common stock purchased from employees		(23	)		—			(23	)
Distributions to noncontrolling interests		—			(600	)		(600	)
Stock-based compensation		771			—			771
Comprehensive income:
Net income		4,193			382			4,575
Other comprehensive income		639			—			639
Comprehensive income		4,832			382			5,214
Balance, October 31, 2015	$	135,212		$	891		$	136,103

Dividend Payments

In the three months ended October 31, 2015, the Company paid cash dividends of $0.18 per share on its Class A common stock and Class B common stock, or $4.2 million in total. In the three months ended October 31, 2014, the Company paid cash dividends of $0.17 per share on its Class A common stock and Class B common stock, or $4.0 million in total. In October 2014, the Company’s Board of Directors declared a special dividend of $0.68 per share to holders of the Company’s Class A common stock and Class B common stock, which was paid on November 21, 2014.

On December 1, 2015, the Company’s Board of Directors declared a dividend of $0.19 per share for the first quarter of fiscal 2016 to holders of the Company’s Class A common stock and Class B common stock. The dividend will be paid on or about December 18, 2015 to stockholders of record as of the close of business on December 14, 2015.

Stock Repurchases

The Company has a stock repurchase program for the repurchase of up to an aggregate of 8.3 million shares of the Company’s Class B common stock. There were no repurchases under the program in the three months ended October 31, 2015. In the three months ended October 31, 2014, the Company repurchased 29,675 shares of Class B common stock for an aggregate purchase price of $0.4 million. As of October 31, 2015, 5.0 million shares remained available for repurchase under the stock repurchase program.

In the three months ended October 31, 2015 and 2014, the Company paid $23,000 and $0.1 million, respectively, to repurchase 1,542 and 8,637 shares of Class B common stock, respectively, that were tendered by employees of the Company to satisfy the employees’ tax withholding obligations in connection with the lapsing of restrictions on awards of restricted stock. Such shares are repurchased by the Company based on their fair market value on the trading day immediately prior to the vesting date.

2015 Stock Option and Incentive Plan

On September 24, 2015, the Company’s Board of Directors adopted an amendment to the Company’s 2015 Stock Option and Incentive Plan that will increase the number of shares of the Company’s Class B common stock available for the grant of awards thereunder by an additional 0.1 million shares. The amendment is subject to stockholder approval at the Company’s annual meeting on December 14, 2015.