STOCKHOLDERS' EQUITY

12 Months Ended

Oct. 31, 2016

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

8 STOCKHOLDERS' EQUITY

Shares have been adjusted for all periods presented to reflect a two-for-one stock split effective September 16, 2016.

Stock Repurchase Program.On December 11, 2012, the company's Board of Directors authorized the repurchase of 10,000,000 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. On December 3, 2015, the company's Board of Directors authorized the repurchase of up to an additional 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 Board at any time.

During fiscal 2016, 2015, and 2014, the company paid $107,517, $105,964, and $101,674 to repurchase Board of Director authorized shares for repurchase in an aggregate of 2,560,567 shares, 3,122,358 shares, and 3,245,138 shares, respectively. As of October 31, 2016, 7,692,715 shares remained authorized by the Board of Directors for repurchase. The Board of Director authorized shares for repurchase does not include shares of our common stock surrendered by employees to satisfy minimum tax withholding obligations upon vesting of restricted stock granted under our stock-based compensation plans.

Treasury Shares.As of October 31, 2016, the company had 19,700,607 treasury shares at a cost of $1,280,495. On May 17, 2016, the company's Board of Directors authorized the retirement of 14,000,440 treasury shares, and the retired shares are included in the company's pool of authorized and unissued shares of common stock. As of October 31, 2015, the company had 46,827,048 treasury shares at a cost of $1,243,729.

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		2016		2015		2014
Foreign currency translation adjustments	$	31,430	$	24,328	$	12,536
Pension and post-retirement benefits		6,359		5,386		5,266
Derivative instruments		647		129		(2,097)
Total accumulated other comprehensive loss	$	38,436	$	29,843	$	15,705

The components and activity of AOCL are as follows:

		Foreign Currency Translation Adjustments		Pension and Postretirement Benefits		Cash Flow Derivative Instruments		Total
Balance as of October 31, 2015	$	24,328	$	5,386	$	129	$	29,843
Other comprehensive loss (income) before reclassifications		7,102		973		1,116		9,191
Amounts reclassified from AOCL		—		—		(598)		(598)
Net current period other comprehensive (income) loss		7,102		973		518		8,593
Balance as of October 31, 2016	$	31,430	$	6,359	$	647	$	38,436

		Foreign Currency Translation Adjustments		Pension and Postretirement Benefits		Cash Flow Derivative Instruments		Total
Balance 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 (income) loss		11,792		120		2,226		14,138
Balance 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.