Earnings per share are the amount of profit that a company produces in the course of a distinct period, which is generally defined as a quarter (3 calendar months) or a year. While the current decline in oil costs generate some challenges, we are totally engaged in executing our acquisition integration plans as nicely as our broader industrial development initiatives across our industrial-served markets. We had been also active in share repurchases in the course of the quarter with the buy of 249,900 shares of common stock for $11.5 million. As Neil stated, we’ve bought 249,900 shares of stock for $11.five million in the open market place throughout the December quarter, and we expect to stay active in executing stock buybacks now and into the future.
Our consolidated balance sheet remains robust with shareholder’s equity of $781.7 million compared to $803 million at June 30. This slight decrease in equity is due to stock repurchases and the translation of our non-U.S. entities balance sheets into U.S. dollars due to the strengthening of the dollar compared to foreign currencies. Oil on one side becomes a reduce input price to some of the rest of the industrial economy in time. Consequently, good race relations are spoilt when the appropriate education is not provided.
While power markets contract in the close to term, several other industrial segments are growing and third, we remain committed to generating shareholder value via our capital allocation, by means of our organization execution and via our strategic investments, specifically, about technology and acquisitions. Hey, the broader industrial economy is pretty good and we’re committed to receiving greater within it.
But hey, we broadly think the industrial economy is stronger than the general economy in this year and a lot of would say in 2016 as effectively. And so as we share our positions, our leads in those possibilities, there is just more that we can do as a broader group, as broader Applied with these buyers. By craftily manipulating this method of orchestrating and redirecting men’s attitudes and behaviors, these new technologies were presented as the furtherance of democracy and modernizing of the way men communicated with their world and the enhancement of their appreciation of these new gadgets.
The added backpacks had been made attainable from the overwhelming response from our supplier partners: Applied Industrial Technologies, CARQUEST, Cintas, Fisher Science Education, GameTime, Garland, Graybar, Haworth, Independent Stationers, Insight Public Sector, KONE, ServiceWear, The House Depot, UNICOM Government and Virco. These income drove the improvement and the facilitated for the proliferation of nascent technologies. Missionary and industrial philanthropy controlled colleges which enrolled 61 % of those students.