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Stockholders' Equity
6 Months Ended
Apr. 30, 2016
Equity [Abstract]  
Stockholders' Equity
Stockholders’ Equity
Analysis of Changes in Accumulated Other Comprehensive Income (Loss):
(In millions)
Foreign Currency Translation Adjustment
 
Change in Value of 
Derivative Instruments
 
Minimum Pension Liability
 
Total
Balance at October 31, 2014
$
(92.4
)
 
$
(0.1
)
 
$
(13.7
)
 
$
(106.2
)
Gross change in value during the year ended October 31, 2015
(79.4
)
 

 
(10.0
)
 
(89.4
)
Reclassification adjustments for loss realized in net income

 
0.1

 

 
0.1

Tax effect for the period

 

 
3.9

 
3.9

Balance at October 31, 2015
$
(171.8
)
 
$

 
$
(19.8
)
 
$
(191.6
)
Gross change in value during the six-month period ended April 30, 2016
(61.5
)
 

 
(0.1
)
 
(61.6
)
Reclassification adjustments for loss realized in net income

 

 

 

Tax effect for the period

 

 

 

Balance at April 30, 2016
$
(233.3
)
 
$

 
$
(19.9
)
 
$
(253.2
)

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. We did not repurchase shares in the fiscal first half of 2016. 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. At April 30, 2016, approximately $118.4 million remains authorized for repurchase under the program.
Dividends
We paid a semiannual dividend of approximately $1.5 million or 3 cents per share on February 9, 2016, to stockholders of record on January 22, 2016.