

7	STOCKHOLDERS' EQUITY

Stock Repurchase Program

On December 3, 2015, the company's Board of Directors authorized the repurchase of 8,000,000 shares of the company's common stock in open-market or in privately negotiated transactions. This repurchase program has no expiration date but may be terminated by the company's Board of Directors at any time.

During fiscal 2018, 2017, and 2016, the company paid $160.4 million, $159.4 million, and $110.0 million to repurchase an aggregate of 2,579,864 shares, 2,710,837 shares, and 2,625,913 shares, respectively, under the Board's authorized stock repurchase program. As of October 31, 2018, 2,402,014 shares remained authorized by the company's Board of Directors for repurchase. The Board of Directors authorized shares for repurchase does not include shares of the company's common stock surrendered by employees to satisfy minimum tax withholding obligations upon vesting of certain equity securities granted under the company's stock-based compensation plans.

On December 4, 2018, the company's Board of Directors authorized the repurchase of up to an additional 5,000,000 shares of common stock in open-market or in privately negotiated transactions. This repurchase program has no expiration date but may be terminated by the Board at any time.

Treasury Shares

As of October 31, 2018, the company had a total of 22,527,348 treasury shares at a cost of $1,448.4 million. As of October 31, 2017, the company had a total of 21,245,028 treasury shares at a cost of $1,369.5 million.

Accumulated Other Comprehensive Loss

Components of AOCL, net of tax, within the Consolidated Statements of Stockholders' Equity are as follows (in thousands):



As of October 31	2018			2017		2016
Foreign currency translation adjustments	$	29,711		$	21,303	$	31,430
Pension and post-retirement benefits	561			2,012		6,359
Cash flow derivative instruments	(6,335		)	805		647
Total accumulated other comprehensive loss	$	23,937		$	24,120	$	38,436

The components and activity of AOCL are as follows (in thousands):



	Foreign Currency Translation Adjustments		Pension and Post-Retirement Benefits			Cash Flow Derivative Instruments			Total
Balance as of October 31, 2017	$	21,303	$	2,012		$	805		$	24,120
Other comprehensive (income) loss before reclassifications	8,408		(1,035		)	(5,489		)	1,884
Amounts reclassified from AOCL	—		—			(1,926		)	(1,926		)
Net current period other comprehensive (income) loss	8,408		(1,035		)	(7,415		)	(42		)
Reclassification due to the adoption of ASU 2018-02	—		(416		)	275			(141		)
Balance as of October 31, 2018	$	29,711	$	561		$	(6,335	)	$	23,937



	Foreign Currency Translation Adjustments			Pension and Post-Retirement Benefits			Cash Flow Derivative Instruments			Total
Balance as of October 31, 2016	$	31,430		$	6,359		$	647		$	38,436
Other comprehensive income before reclassifications	(10,127		)	(4,347		)	(233		)	(14,707		)
Amounts reclassified from AOCL	—			—			391			391
Net current period other comprehensive (income) loss	(10,127		)	(4,347		)	158			(14,316		)
Balance as of October 31, 2017	$	21,303		$	2,012		$	805		$	24,120

For additional information on the components of AOCL associated with pension and post-retirement benefits refer to Note 10. For additional information on the components reclassified from AOCL to the respective line items in net earnings for derivative instruments refer to Note 13.