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SHAREHOLDERS' EQUITY
 12 Months Ended
Sep. 30, 2024
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 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 years ended September 30, 2024 and 2023, we repurchased 1.4 million and 6.5 million common shares at an aggregate cost of $51.6 million and $249.0 million, including excise tax of $0.3 million and $1.8 million, respectively. During the fiscal year ended September 30, 2022, we repurchased 3.2 million common shares at an aggregate cost of $77.0 million. Repurchased common shares are held as treasury shares.
During the year ended September 30, 2024, we declared $168.3 million in cash dividends. A cash dividend of $0.25 per share was declared on September 11, 2024 for shareholders of record on November 18, 2024, payable on December 2, 2024. As a result, we recorded a Dividend Payable of $25.0 million on our Consolidated Balance Sheets as of September 30, 2024.
Accumulated Other Comprehensive Loss
Components of accumulated other comprehensive loss were as follows:
September 30,
(in thousands)202420232022
Pre-tax amounts:
Unrealized pension actuarial loss$(7,632)$(10,407)$(15,703)
Unrealized loss on available-for-sale debt security
(662)— — 
$(8,294)$(10,407)$(15,703)
After-tax amounts:
Unrealized pension actuarial loss$(5,838)$(7,981)$(12,072)
Unrealized loss on available-for-sale debt security
(512)— — 
$(6,350)$(7,981)$(12,072)
Fluctuations in pension actuarial gains and losses are primarily due to changes in the discount rate and investment returns related to the defined benefit pension plan.
Investments classified as available-for-sale debt securities are reported at fair value with unrealized gains and losses excluded from net income and reported in other comprehensive income (loss).
The following is a summary of the changes in accumulated other comprehensive loss, net of tax, for the fiscal year ended September 30, 2024:
(in thousands)Unrealized Loss on Available-for-Sale SecuritiesDefined Benefit Pension PlanTotal
Balance at September 30, 2023$— $(7,981)$(7,981)
Activity during the period
Other comprehensive loss before reclassifications(512)— (512)
Amounts reclassified from accumulated other comprehensive income— 2,143 2,143 
Net current-period other comprehensive income (loss)
(512)2,143 1,631 
Balance at September 30, 2024
$(512)$(5,838)$(6,350)