XML 52 R17.htm IDEA: XBRL DOCUMENT v3.2.0.727
Stockholders' Equity
 9 Months Ended
Jul. 31, 2015
Equity [Abstract]  
Stockholders' Equity
Stockholders’ Equity
Analysis of Changes in Accumulated Other Comprehensive Income (Loss):
(In thousands)
Foreign Currency Translation Adjustment
 
Change in Value of 
Derivative Instruments
 
Minimum Pension Liability
 
Total
Balance at October 31, 2014
$
(92,355
)
 
$
(47
)
 
$
(13,780
)
 
$
(106,182
)
Gross change in value for the period
(62,027
)
 
—

 
22

 
(62,005
)
Reclassification adjustments for loss realized in net income
—

 
77

 
—

 
77

Tax effect for the period
—

 
(30
)
 
—

 
(30
)
Balance at July 31, 2015
$
(154,382
)
 
$
—

 
$
(13,758
)
 
$
(168,140
)
 
 
 
 
 
 
 
 
Balance at October 31, 2013
$
(4,592
)
 
$
(1,033
)
 
$
(10,137
)
 
$
(15,762
)
Gross change in value for the period
14,168

 
(58
)
 
22

 
14,132

Reclassification adjustments for loss realized in net income
—

 
1,445

 
—

 
1,445

Tax effect for the period
—

 
(541
)
 
—

 
(541
)
Balance at July 31, 2014
$
9,576

 
$
(187
)
 
$
(10,115
)
 
$
(726
)

Share Repurchases
In December 2011, our Board of Directors authorized the 2012 Share Repurchase Program and subsequently amended the total repurchase authorization to $500.0 million of the Company’s common stock. This program has no expiration date and may be discontinued at any time. Purchases under the 2012 Share Repurchase Program are subject to a review of the circumstances in place at the time and may be made from time to time as permitted by securities laws and other legal requirements. No shares were repurchased during the fiscal third quarter of 2015 and 2014. In the fiscal first quarter of 2015, we repurchased 100 thousand shares of the Company’s common stock for $16.0 million, at an average purchase price of $159.96 per share. In the fiscal first quarter of 2014, we repurchased 396 thousand shares for $50.0 million, at an average purchase price of $126.21 per share. At July 31, 2015, approximately $169.7 million remains authorized for repurchase under the program.
Dividends
We paid a semiannual dividend of approximately $1.4 million or 3 cents per share on February 9, 2015, to stockholders of record on January 23, 2015. We paid another semiannual dividend of approximately $1.5 million or 3 cents per share on August 6, 2015, to stockholders of record on July 24, 2015 .