Stockholders' Equity Note Disclosure |
EQUITY: Share repurchase program In June 2011, the Board of Directors authorized a three-year $65,000 share repurchase program. As of May 31, 2014 the Company had purchased 361 shares for a total cost of $11,340. The share purchases were made on the open market and the shares repurchased by the Company are held in treasury for general corporate purposes. No purchases were made during the three and six months ended May 31, 2014. This program expired in June 2014. In June 2014, the Board of Directors authorized a three-year $100,000 share repurchase program pursuant to which the Company may repurchase its outstanding common stock from time to time in the open market or through privately negotiated transactions. Changes in equity A reconciliation of the changes in equity for the six months ended May 31, 2014 and May 31, 2013 is presented below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended May 31, 2014 | | Six Months Ended May 31, 2013 | | | Attributable to SYNNEX Corporation | | Attributable to Noncontrolling interest | | Total Equity | | Attributable to SYNNEX Corporation | | Attributable to Noncontrolling interest | | Total Equity | Beginning balance: | | $ | 1,411,222 |
| | $ | 419 |
| | $ | 1,411,641 |
| | $ | 1,319,023 |
| | $ | 332 |
| | $ | 1,319,355 |
| Issuance of common stock on exercise of options | | 3,809 |
| | — |
| | 3,809 |
| | 3,088 |
| | — |
| | 3,088 |
| Issuance of common stock for employee stock purchase plan | | 789 |
| | — |
| | 789 |
| | 710 |
| | — |
| | 710 |
| Tax benefit from employee stock plans | | 2,806 |
| | — |
| | 2,806 |
| | 1,555 |
| | — |
| | 1,555 |
| Taxes paid for the settlement of equity awards | | (1,710 | ) | | — |
| | (1,710 | ) | | (153 | ) | | — |
| | (153 | ) | Shares and employee stock awards issued for acquisition of IBM customer care business | | 71,106 |
| | — |
| | 71,106 |
| | — |
| | — |
| | — |
| Share-based compensation | | 5,632 |
| | — |
| | 5,632 |
| | 4,698 |
| | — |
| | 4,698 |
| Repurchase of treasury stock | | — |
| | — |
| | — |
| | (1,882 | ) | | — |
| | (1,882 | ) | Conversion premium of convertible debt, net of tax | | — |
| | — |
| | — |
| | (21,745 | ) | | — |
| | (21,745 | ) | Comprehensive income: | | | | | | | | | | | | | Net income | | 77,968 |
| | 69 |
| | 78,037 |
| | 64,138 |
| | 45 |
| | 64,183 |
| Other comprehensive income: | |
| |
| |
| |
| |
| |
| Change in unrealized gains on available-for-sale securities | | 261 |
| | 1 |
| | 262 |
| | 188 |
| | — |
| | 188 |
| Change in unrealized gain in defined benefit plans, net of tax | | 114 |
| | — |
| | 114 |
| | — |
| | — |
| | — |
| Net change in unrealized loss on cash flow hedges | | (157 | ) | | — |
| | (157 | ) | | — |
| | — |
| | — |
| Foreign currency translation adjustments | | 9,096 |
| | 1 |
| | 9,097 |
| | (13,949 | ) | | (12 | ) | | (13,961 | ) | Total other comprehensive income | | 9,314 |
| | 2 |
| | 9,316 |
| | (13,761 | ) | | (12 | ) | | (13,773 | ) | Total comprehensive income | | 87,282 |
| | 71 |
| | 87,353 |
| | 50,377 |
| | 33 |
| | 50,410 |
| Ending balance: | | $ | 1,580,936 |
| | $ | 490 |
| | $ | 1,581,426 |
| | $ | 1,355,671 |
| | $ | 365 |
| | $ | 1,356,036 |
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