| 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 May 31, 2015, no purchases had been made pursuant to this program. Dividends The company paid cash dividends of $0.125 and $0.25 per share, totaling $4,964 and $9,833, during the three and six months ended May 31, 2015, respectively. On June 25, 2015, the Company announced a cash dividend of $0.125 per share to stockholders of record as of July 17, 2015, payable on July 31, 2015. Future dividends are subject to declaration by the Board of Directors. Changes in equity A reconciliation of the changes in equity for the six months ended May 31, 2015 and May 31, 2014 is presented below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended May 31, 2015 | | Six Months Ended May 31, 2014 | | | Attributable to SYNNEX Corporation | | Attributable to Noncontrolling interest | | Total Equity | | Attributable to SYNNEX Corporation | | Attributable to Noncontrolling interest | | Total Equity | Beginning balance: | | $ | 1,653,558 |
| | $ | 427 |
| | $ | 1,653,985 |
| | $ | 1,411,222 |
| | $ | 419 |
| | $ | 1,411,641 |
| Issuance of common stock on exercise of options | | 1,772 |
| |
|
| | 1,772 |
| | 3,809 |
| | — |
| | 3,809 |
| Issuance of common stock for employee stock purchase plan | | 1,015 |
| | — |
| | 1,015 |
| | 789 |
| | — |
| | 789 |
| Tax benefit from employee stock plans | | 3,588 |
| | — |
| | 3,588 |
| | 2,806 |
| | — |
| | 2,806 |
| Taxes paid for the settlement of equity awards | | (4,181 | ) | | — |
| | (4,181 | ) | | (1,710 | ) | | — |
| | (1,710 | ) | Shares issued for the acquisition of the IBM CRM business | | — |
| | — |
| | — |
| | 71,106 |
| | — |
| | 71,106 |
| Share-based compensation | | 7,351 |
| | — |
| | 7,351 |
| | 5,632 |
| | — |
| | 5,632 |
| Dividend declared | | (9,833 | ) | | — |
| | (9,833 | ) | | — |
| | — |
| | — |
| Comprehensive income: | | | | | | | | | | | | | Net income | | 98,197 |
| | 15 |
| | 98,212 |
| | 77,968 |
| | 69 |
| | 78,037 |
| Other comprehensive income: | |
| |
| |
| |
| |
| |
| Unrealized gains on available-for-sale securities, net of tax | | 362 |
| | 2 |
| | 364 |
| | 261 |
| | 1 |
| | 262 |
| Change in unrealized gain (loss) in defined benefit plans, net of tax | | — |
| | — |
| | — |
| | 114 |
| | — |
| | 114 |
| Unrealized loss on cash flow hedges, net of tax | | (1,154 | ) | | — |
| | (1,154 | ) | | — |
| | — |
| | — |
| Foreign currency translation adjustments, net of tax | | (22,724 | ) | | (7 | ) | | (22,731 | ) | | 8,939 |
| | 1 |
| | 8,940 |
| Total other comprehensive income (loss) | | (23,516 | ) | | (5 | ) | | (23,521 | ) | | 9,314 |
| | 2 |
| | 9,316 |
| Total comprehensive income | | 74,681 |
| | 10 |
| | 74,691 |
| | 87,282 |
| | 71 |
| | 87,353 |
| Ending balance: | | $ | 1,727,951 |
| | $ | 437 |
| | $ | 1,728,388 |
| | $ | 1,580,936 |
| | $ | 490 |
| | $ | 1,581,426 |
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