v3.5.0.2
EQUITY:
9 Months Ended
Aug. 31, 2016
Equity [Abstract]  
Equity
EQUITY:
Share repurchase program 
In June 2014, the Board of Directors authorized a three-year $100,000 share repurchase program pursuant to which the Company may repurchase its outstanding common stock from time to time in the open market or through privately negotiated transactions. As of August 31, 2016, the Company had purchased 207 shares for a total cost of $15,654. The share purchases were made on the open market and the shares repurchased by the Company are held in treasury for general corporate purposes.
Dividends
The Company paid cash dividends of $0.20 and $0.60 per share, totaling $7,922 and $23,809, during the three and nine months ended August 31, 2016, respectively. It paid cash dividends of $0.13 and $0.38 per share, totaling $4,922 and $14,755, during the three and nine months ended August 31, 2015, respectively. On September 26, 2016, the Company announced a cash dividend of $0.25 per share to stockholders of record as of October 14, 2016, payable on October 28, 2016. Future dividends are subject to declaration by the Board of Directors.
Changes in equity
A reconciliation of the changes in equity for the nine months ended August 31, 2016 and August 31, 2015 is presented below:
 
 
Nine Months Ended August 31, 2016
 
Nine Months Ended August 31, 2015
 
 
Attributable to  
SYNNEX
Corporation
 
Attributable to  
Noncontrolling
interest
 
Total Equity
 
Attributable to SYNNEX Corporation
 
Attributable to  
Noncontrolling
interest
 
Total Equity
Beginning balance:
 
$
1,799,381

 
$
516

 
$
1,799,897

 
$
1,653,558

 
$
427

 
$
1,653,985

Issuance of common stock on exercise of options
 
4,243

 

 
4,243

 
3,172

 

 
3,172

Issuance of common stock for employee stock purchase plan
 
1,771

 

 
1,771

 
1,463

 

 
1,463

Tax benefit from employee stock plans
 
5,262

 

 
5,262

 
4,893

 

 
4,893

Taxes paid for the settlement of equity awards
 
(3,427
)
 

 
(3,427
)
 
(5,185
)
 

 
(5,185
)
Share-based compensation
 
10,615

 

 
10,615

 
10,630

 

 
10,630

Changes in ownership of noncontrolling interest
 
(628
)
 
(578
)
 
(1,206
)
 
(28
)
 
12

 
(16
)
Repurchases of common stock
 
(6,917
)
 

 
(6,917
)
 
(8,736
)
 

 
(8,736
)
Dividends declared
 
(23,809
)
 

 
(23,809
)
 
(14,755
)
 

 
(14,755
)
Comprehensive income:
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
149,628

 
67

 
149,695

 
146,368

 
15

 
146,383

Other comprehensive income (loss):
 

 

 

 

 

 

Unrealized gains (losses) on available-for-sale securities, net of taxes
 
(575
)
 
(3
)
 
(578
)
 
155

 

 
155

Change in unrealized losses in defined benefit plans, net of taxes
 
(455
)
 

 
(455
)
 

 

 

Unrealized losses on cash flow hedges, net of taxes
 
(4,961
)
 

 
(4,961
)
 
(1,797
)
 

 
(1,797
)
Foreign currency translation adjustments, net of taxes
 
(3,383
)
 
36

 
(3,347
)
 
(40,406
)
 
(1
)
 
(40,407
)
Total other comprehensive income (loss)
 
(9,374
)
 
33

 
(9,341
)
 
(42,048
)
 
(1
)
 
(42,049
)
Total comprehensive income
 
140,254

 
100

 
140,354

 
104,320

 
14

 
104,334

Ending balance:
 
$
1,926,745

 
$
38

 
$
1,926,783

 
$
1,749,332

 
$
453

 
$
1,749,785