XML 28 R17.htm IDEA: XBRL DOCUMENT v3.22.0.1
SHAREHOLDERS' EQUITY
 3 Months Ended
Dec. 31, 2021
Stockholders' Equity Note [Abstract]  
SHAREHOLDERS' EQUITY
NOTE 8 SHAREHOLDERS’ EQUITY
The Company has an evergreen authorization from the Board of Directors 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 three months ended December 31, 2021, we repurchased 2.5 million common shares at an aggregate cost of $60.4 million, which are held as treasury shares. We had no repurchases of common shares during the three months ended December 31, 2020.
A cash dividend of $0.25 per share was declared on September 1, 2021 for shareholders of record on November 23, 2021, and was paid on December 1, 2021. An additional cash dividend of $0.25 per share was declared on December 10, 2021 for shareholders of record on February 11, 2022, payable on February 28, 2022. As a result, we recorded a dividend payable of $26.8 million within Dividends Payable on our Unaudited Condensed Consolidated Balance Sheets as of December 31, 2021.
Accumulated Other Comprehensive Loss
Components of accumulated other comprehensive loss were as follows:
(in thousands)December 31,
2021		September 30,
2021
Pre-tax amounts:  
Unrecognized net actuarial loss$(25,761)$(26,268)
(25,761)(26,268)
After-tax amounts:
Unrecognized net actuarial loss(19,850)(20,244)
$(19,850)$(20,244)
The following is a summary of the changes in accumulated other comprehensive loss, net of tax, related to the defined benefit pension plan for the three months ended December 31, 2021:
(in thousands)Defined Benefit Pension Plan
Balance at beginning of period$(20,244)
Activity during the period
Amounts reclassified from accumulated other comprehensive loss394 
Net current-period other comprehensive income394 
Balance at December 31, 2021$(19,850)