Stockholders' Equity

12 Months Ended

Oct. 31, 2019

Stockholders' Equity Note [Abstract]

Stockholders' Equity

10 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. 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 under the authorized stock repurchase program. This authorized stock repurchase program has no expiration date but may be terminated by the Board at any time.

During fiscal 2019, 2018, and 2017, the company paid $20.0 million, $160.4 million, and $159.4 million to repurchase an aggregate of 359,758 shares, 2,579,864 shares, and 2,710,837 shares, respectively, under the authorized stock repurchase program. As a result of the company's acquisition of CMW on April 1, 2019, the company curtailed the repurchase of shares of its common stock under the authorized stock repurchase program during the company's fiscal 2019 second, third, and fourth quarters. As of October 31, 2019, 7,042,256 shares remained authorized by the company's Board of Directors for repurchase. The authorized stock repurchase program 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.

Treasury Shares

As of October 31, 2019, the company had a total of 21,385,919 treasury shares at a cost of $1,374.0 million. As of October 31, 2018, the company had a total of 22,527,348 treasury shares at a cost of $1,448.4 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	2019			2018			2017
Foreign currency translation adjustments	$	31,025		$	29,711		$	21,303
Pension and post-retirement benefits	4,861			561			2,012
Cash flow derivative instruments	(3,837		)	(6,335		)	805
Total accumulated other comprehensive loss	$	32,049		$	23,937		$	24,120

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, 2018	$	29,711	$	561	$	(6,335	)	$	23,937
Other comprehensive (income) loss before reclassifications	1,314		4,300		(4,048		)	1,566
Amounts reclassified from AOCL	—		—		6,546			6,546
Net current period other comprehensive loss	1,314		4,300		2,498			8,112
Balance as of October 31, 2019	$	31,025	$	4,861	$	(3,837	)	$	32,049

	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

For additional information on the components of AOCL associated with pension and post-retirement benefits refer to Note 15, Employee Retirement Plans. For additional information on the components reclassified from AOCL to the respective line items in net earnings for derivative instruments refer to Note 13, Financial Instruments.