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SHAREHOLDERS' EQUITY | 12 Months Ended
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Sep. 30, 2023
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. In December 2022, the Board of Directors increased the maximum number of shares authorized to be repurchased in calendar year 2023 to five million common shares. On June 7, 2023, the Board of Directors further increased the maximum number of shares authorized to be repurchased in calendar year 2023 to seven million shares. The repurchases are made using our cash and cash equivalents or other available sources and are held as treasury shares on our Consolidated Balance Sheets. During the fiscal year ended September 30, 2023 and 2022, we repurchased 6.5 million common shares at an aggregate cost of $249.0 million, including excise tax of $1.8 million, and 3.2 million common shares at an aggregate cost of $77.0 million, respectively, which are held as treasury shares. There were no repurchases of common shares during the fiscal year ended September 30, 2021. During the year ended September 30, 2023, we declared $200.0 million in cash dividends. A base cash dividend of $0.25 per share was declared on September 6, 2023 for shareholders of record on November 20, 2023, payable on December 4, 2023. As a result, we recorded a Dividend Payable of $25.2 million on our Consolidated Balance Sheets as of September 30, 2023. Accumulated Other Comprehensive Loss Components of accumulated other comprehensive loss were as follows:
| September 30,
(in thousands) | 2023 |  | 2022 |  | 2021
Pre-tax amounts: |  |  |  |  |
Unrealized actuarial loss | $ | (10,407) |  |  | $ | (15,703) |  |  | $ | (26,268) |
| $ | (10,407) |  |  | $ | (15,703) |  |  | $ | (26,268) |
After-tax amounts: |  |  |  |  |
Unrealized actuarial loss | $ | (7,981) |  |  | $ | (12,072) |  |  | $ | (20,244) |
| $ | (7,981) |  |  | $ | (12,072) |  |  | $ | (20,244) |
The following is a summary of the changes in accumulated other comprehensive loss, net of tax, for the fiscal year ended September 30, 2023:
(in thousands) | Defined Benefit Pension Plan
Balance at September 30, 2022 | $ | (12,072) |
Activity during the period |
Amounts reclassified from accumulated other comprehensive loss | 4,091 |
Net current-period other comprehensive income | 4,091 |
Balance at September 30, 2023 | $ | (7,981) |

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