STOCKHOLDERS' EQUITY

12 Months Ended

Oct. 31, 2015

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

8 STOCKHOLDERS' EQUITY

Stock Repurchase Program.   On December 11, 2012, the company's Board of Directors authorized the repurchase of 5,000,000 shares of the company's common stock in open-market or in privately negotiated transactions. This program has no expiration date but may be terminated by the Board at any time. During fiscal 2015, 2014, and 2013, the company paid $105,964, $101,674, and $98,842 to repurchase an aggregate of 1,561,179 shares, 1,622,569 shares, and 2,131,615 shares, respectively. As of October 31, 2015, 1,159,314 shares remained authorized for repurchase. On December 3, 2015, the company's Board of Directors authorized the repurchase of up to an additional 4,000,000 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 Board at any time.

Treasury Shares.   As of October 31, 2015, the company had 23,413,524 treasury shares at a cost of $1,243,729. As of October 31, 2014, the company had 22,386,021 treasury shares at a cost of $1,163,706.

Accumulated Other Comprehensive Loss.

Components of accumulated other comprehensive loss ("AOCL"), net of tax, within the consolidated statements of stockholders' equity are as follows:

As of October 31		2015		2014			2013
Foreign currency translation adjustments	$	24,328	$	12,536		$	7,778
Pension and postretirement benefits		5,386		5,266			3,683
Derivative instruments		129		(2,097	)		1,109
Total accumulated other comprehensive loss	$	29,843	$	15,705		$	12,570

   The components and activity of AOCL are as follows:

		Foreign Currency Translation Adjustments		Pension and Post- retirement Benefits		Cash Flow Derivative Instruments			Total
AOCL as of October 31, 2013	$	7,778	$	3,683	$	1,109		$	12,570
Other comprehensive loss before reclassifications		4,758		–		(1,644	)		3,114
Amounts reclassified from AOCL		–		1,583		(1,562	)		21
Net current period other comprehensive loss (income)	$	4,758	$	1,583	$	(3,206	)	$	3,135
AOCL as of October 31, 2014	$	12,536	$	5,266	$	(2,097	)	$	15,705
Other comprehensive loss (income) before reclassifications	$	11,792	$	–	$	(7,680	)	$	4,112
Amounts reclassified from AOCL		–		120		9,906			10,026
Net current period other comprehensive loss	$	11,792	$	120	$	2,226		$	14,138
AOCL as of October 31, 2015	$	24,328	$	5,386	$	129		$	29,843

   AOCL associated with pension and postretirement benefits are included in Note 11. Details of amounts reclassified from accumulated other comprehensive loss to the respective line items in net earnings for cash flow derivative instruments are included in Note 14.