3. Stockholders’ Equity

The following table summarizes the changes in stockholders’ equity for the three months ended October 31, 2017:


	Total Korn/Ferry International Stockholders’ Equity			Noncontrolling Interest			Total Stockholders’ Equity
	(in thousands)
Balance as of July 31, 2017	$	1,124,649		$	4,102		$	1,128,751
Comprehensive income (loss):
Net income		36,331			401			36,732
Foreign currency translation adjustments		(4,019	)		(236	)		(4,255	)
Deferred compensation and pension plan adjustments, net of tax		352			—			352
Unrealized gain on interest rate swap, net of tax		456			—			456
Dividends paid to shareholders		(5,714	)		—			(5,714	)
Dividends paid to noncontrolling interest		—			(1,558	)		(1,558	)
Purchase of stock		(25,350	)		—			(25,350	)
Issuance of stock		—			—			—
Stock-based compensation		5,309			—			5,309

Balance as of October 31, 2017	$	1,132,014		$	2,709		$	1,134,723

The following table summarizes the changes in stockholders’ equity for the six months ended October 31, 2017:


	Total Korn/Ferry International Stockholders’ Equity			Noncontrolling Interest			Total Stockholders’ Equity
				(in thousands)
Balance as of April 30, 2017	$	1,083,439		$	3,609		$	1,087,048
Comprehensive income (loss):
Net income		65,372			789			66,161
Foreign currency translation adjustments		12,065			(131	)		11,934
Deferred compensation and pension plan adjustments, net of tax		704			—			704
Unrealized gain on interest rate swap, net of tax		393			—			393
Dividends paid to shareholders		(11,537	)		—			(11,537	)
Dividends paid to noncontrolling interest		—			(1,558	)		(1,558	)
Purchase of stock		(32,722	)		—			(32,722	)
Issuance of stock		4,586			—			4,586
Stock-based compensation		9,714			—			9,714

Balance as of October 31, 2017	$	1,132,014		$	2,709		$	1,134,723

The following table summarizes the changes in stockholders’ equity for the three months ended October 31, 2016:
	Total Korn/Ferry International Stockholders’ Equity			Noncontrolling Interest			Total Stockholders’ Equity
				(in thousands)
Balance as of July 31, 2016	$	1,033,627		$	2,715		$	1,036,342
Comprehensive income (loss):
Net income		30,152			904			31,056
Foreign currency translation adjustments		(5,131	)		(28	)		(5,159	)
Deferred compensation and pension plan adjustments, net of tax		465			—			465
Dividends paid to shareholders		(5,841	)		—			(5,841	)
Purchase of stock		(6,956	)		—			(6,956	)
Issuance of stock		184			—			184
Stock-based compensation		4,352			—			4,352
Tax deficit from exercise of stock options and vesting of restricted stock		(299	)		—			(299	)

Balance as of October 31, 2016	$	1,050,553		$	3,591		$	1,054,144

The following table summarizes the changes in stockholders’ equity for the six months ended October 31, 2016:
	Total Korn/Ferry International Stockholders’ Equity			Noncontrolling Interest			Total Stockholders’ Equity
				(in thousands)
Balance as of April 30, 2016	$	1,045,300		$	2,001		$	1,047,301
Comprehensive income (loss):
Net income		33,360			1,764			35,124
Foreign currency translation adjustments		(18,259	)		(174	)		(18,433	)
Deferred compensation and pension plan adjustments, net of tax		927			—			927
Dividends paid to shareholders		(11,750	)		—			(11,750	)
Purchase of stock		(11,117	)		—			(11,117	)
Issuance of stock		2,968			—			2,968
Stock-based compensation		9,091			—			9,091
Tax benefit from exercise of stock options and vesting of restricted stock		33			—			33

Balance as of October 31, 2016	$	1,050,553		$	3,591		$	1,054,144