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F-22
Stock Repurchase Programs
All repurchases of the Company's Class A Common Stock were made at the market price at the trade date and all amounts
paid to reacquire these shares were allocated to Treasury Stock.
Stock Plans
The Company’s Board of Directors has authorized the Company to repurchase the Company’s Class A Common Stock
under open-ended stock repurchase plans. The following is a summary of share repurchase activity for the periods indicated (in
thousands, except per share data):
Fiscal 2015 Fiscal 2014 Fiscal 2013
Cost of shares repurchased . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 500,000 $ 290,408 $ 301,566
Number of shares repurchased . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,307 2,781 3,852
Average price per share. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 94.22 $ 104.44 $ 78.30
As of January 30, 2016, no authorization remained under the Company's historical stock repurchase plans. On February 25,
2016, the Company announced that the Company's Board of Directors approved a new stock repurchase program authorizing
the Company to repurchase up to $500 million of its Class A Common Stock.
10. Accumulated Other Comprehensive Loss ("AOCL")
Reclassifications from AOCL
Reclassifications from AOCL are summarized as follows (in thousands):
Amount
Reclassified
from AOCL Affected Line Item in the
Statement Where Net
Income Is PresentedDetails about AOCL Components Fiscal 2015 Fiscal 2014
Defined benefit pension plan items
Amortization of prior service cost . . . . . . . . . . . . . . . . . . . . . . . $—$—(1)
Amortization of actuarial losses. . . . . . . . . . . . . . . . . . . . . . . . . 3,697 2,660 (1)
3,697 2,660 Total before tax
1,410 1,017 Income tax expense
$ 2,287 $ 1,643 Total net of tax
_______________________________
(1) These items are included in the computation of net periodic pension cost. See Note 8 for additional information.
Changes in AOCL
Changes in AOCL by component (net of tax) are summarized as follows (in thousands):
Defined Benefit
Pension Plan Items
Fiscal 2015 Fiscal 2014
Beginning balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 31,029 $ 24,074
Other comprehensive (income) loss before reclassifications. . . . . . . . . . . . . . . . . . . . (11,624) 8,598
Amounts reclassified from AOCL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,287)(1,643)
Net other comprehensive (income) loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (13,911) 6,955
Ending balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 17,118 $ 31,029