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SHAREHOLDERS' EQUITY | 3 Months Ended
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Dec. 31, 2022
Stockholders' Equity Note [Abstract] |
SHAREHOLDERS' EQUITY |
NOTE 7 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, effective on January 1, 2023. The repurchases may be made using our cash and cash equivalents or other available sources. During the three months ended December 31, 2022 and 2021, we repurchased 0.8 million common shares at an aggregate cost of $39.1 million and 2.5 million common shares at an aggregate cost of $60.4 million, respectively, which are held as treasury shares. A cash dividend of $0.25 per share was declared on September 7, 2022 and a supplemental dividend of $0.235 per share was declared on October 17, 2022, both for shareholders of record on November 15, 2022, and was paid on December 1, 2022. On December 9, 2022, the Board of Directors declared a quarterly cash dividend of $0.25 per share and a quarterly supplemental cash dividend of $0.235 per share for shareholders of record on February 14, 2023, payable on February 28, 2023. As a result, we recorded Dividends Payable of $51.5 million on our Unaudited Condensed Consolidated Balance Sheets as of December 31, 2022. Accumulated Other Comprehensive Loss Components of accumulated other comprehensive loss were as follows:
| December 31, |  | September 30,
(in thousands) | 2022 |  | 2022
Pre-tax amounts: |  |  |
Unrealized actuarial loss | $ | (15,372) |  |  | $ | (15,703) |
After-tax amounts: |  |  |
Unrealized actuarial loss | $ | (11,816) |  |  | $ | (12,072) |
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, 2022:
(in thousands) | Defined Benefit Pension Plan
Balance at September 30, 2022 | $ | (12,072) |
Activity during the period |
Amounts reclassified from accumulated other comprehensive loss | 256 |
Net current-period other comprehensive income | 256 |
Balance at December 31, 2022 | $ | (11,816) |

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