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SHAREHOLDERS' EQUITY | 12 Months Ended
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Sep. 30, 2020
Stockholders' Equity Note [Abstract] |
SHAREHOLDERS' EQUITY | NOTE 10 SHAREHOLDERS’ EQUITY The Company has an evergreen authorization from the Board for the repurchase of up to four million common shares in any calendar year. The repurchases may be made using our cash and cash equivalents or other available sources. During the fiscal year ended September 30, 2020, we purchased 1.5 million common shares at an aggregate cost of $28.5 million, which are held as treasury shares. We purchased 1.0 million common shares at an aggregate cost of $42.8 million, which are held as treasury shares, during the fiscal year ended September 30, 2019. We had no purchases of common shares during the fiscal year ended September 30, 2018. As of September 30, 2020, we declared $209.8 million in cash dividends. A cash dividend of $0.25 per share was declared on September 9, 2020 for shareholders of record on November 13, 2020, payable on December 1, 2020. As a result, we recorded a Dividend Payable of $27.2 million on our Consolidated Balance Sheets as of September 30, 2020. Accumulated Other Comprehensive Income (Loss) Components of accumulated other comprehensive income (loss) were as follows:
| September 30,
(in thousands) | 2020 |  | 2019 |  | 2018
Pre-tax amounts: |  |  |  |  |
Unrealized appreciation on securities (1) | $ | — |  |  | $ | — |  |  | $ | 44,023 |
Unrealized actuarial loss | (33,923 | ) |  | (37,084 | ) |  | (21,693 | )
| $ | (33,923 | ) |  | $ | (37,084 | ) |  | $ | 22,330 |
After-tax amounts: |  |  |  |  |
Unrealized appreciation on securities (1) | $ | — |  |  | $ | — |  |  | $ | 29,071 |
Unrealized actuarial loss | (26,188 | ) |  | (28,635 | ) |  | (12,521 | )
| $ | (26,188 | ) |  | $ | (28,635 | ) |  | $ | 16,550 |
(1) | We adopted ASU No. 2016-01 on October 1, 2018. The standard requires that changes in the fair value of our equity investments must be recognized in net income.
The following is a summary of the changes in accumulated other comprehensive loss, net of tax, by component for the fiscal year ended September 30, 2020:
(in thousands) | Defined Benefit Pension Plan
Balance at September 30, 2019 | $ | (28,635 | )
Activity during the period |
Amounts reclassified from accumulated other comprehensive loss | 2,447 |
Net current-period other comprehensive loss | 2,447 |
Balance at September 30, 2020 | $ | (26,188 | )

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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