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Consolidated Statements of Changes in Shareholders' Equity - USD ($)
shares in Thousands, $ in Thousands
Total
Cumulative Effect Adjustment
 [1]
Ordinary Shares
Additional Paid-in Capital
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
 [2]
Retained Earnings
Retained Earnings
Cumulative Effect Adjustment
 [1]
Total Amdocs Limited Shareholders' Equity
Total Amdocs Limited Shareholders' Equity
Cumulative Effect Adjustment
 [1]
Non-controlling Interests
 [3]
Balance at Sep. 30, 2018 $ 3,492,042 $ 10,434 $ 4,436 $ 3,587,625 $ (4,784,352) $ (32,731) $ 4,673,901 $ 10,434 $ 3,448,879 $ 10,434 $ 43,163
Balance, Shares at Sep. 30, 2018     140,177                
Comprehensive income:                      
Net income [3] 479,446           479,446   479,446    
Other comprehensive income (loss), net of tax 30,184         30,184     30,184    
Comprehensive income 509,630               509,630    
Employee stock options exercised 41,498   $ 11 41,487         41,498    
Employee stock options exercised, Shares     874                
Repurchase of shares (398,057)       (398,057)       (398,057)    
Repurchase of shares, Shares     (6,656)                
Cash dividends declared (150,982)           (150,982)   (150,982)    
Issuance of restricted stock, net of forfeitures 5   $ 5           5    
Issuance of restricted stock, net of forfeitures, Shares     378                
Equity-based compensation expense related to employees 38,550     38,550         38,550    
Changes in Noncontrolling interests (654)                   (654)
Balance at Sep. 30, 2019 3,542,466   $ 4,452 3,667,662 (5,182,409) (2,547) 5,012,799   3,499,957   42,509
Balance, Shares at Sep. 30, 2019     134,773                
Comprehensive income:                      
Net income [3] 497,840           497,840   497,840    
Other comprehensive income (loss), net of tax 14,209         14,209     14,209    
Comprehensive income 512,049               512,049    
Employee stock options exercised 97,843   $ 24 97,819         97,843    
Employee stock options exercised, Shares     1,871                
Repurchase of shares (360,912)       (360,912)       (360,912)    
Repurchase of shares, Shares     (5,668)                
Cash dividends declared (168,732)           (168,732)   (168,732)    
Issuance of restricted stock, net of forfeitures 7   $ 7           7    
Issuance of restricted stock, net of forfeitures, Shares     559                
Equity-based compensation expense related to employees 42,434     42,434         42,434    
Balance at Sep. 30, 2020 $ 3,665,155   $ 4,483 3,807,915 (5,543,321) 11,662 5,341,907   3,622,646   42,509
Balance, Shares at Sep. 30, 2020 131,535   131,535                
Comprehensive income:                      
Net income [3] $ 688,374           688,374   688,374    
Other comprehensive income (loss), net of tax (2,324)         (2,324)     (2,324)    
Comprehensive income 686,050               686,050    
Employee stock options exercised $ 89,058   $ 21 89,037         89,058    
Employee stock options exercised, Shares 1,541   1,541                
Repurchase of shares $ (679,996)       (679,996)       (679,996)    
Repurchase of shares, Shares (9,036)   (9,036)                
Cash dividends declared $ (179,344)           (179,344)   (179,344)    
Issuance of restricted stock, net of forfeitures 12   $ 12           12    
Issuance of restricted stock, net of forfeitures, Shares     826                
Equity-based compensation expense related to employees 54,249     54,249         54,249    
Balance at Sep. 30, 2021 $ 3,635,184   $ 4,516 $ 3,951,201 $ (6,223,317) $ 9,338 $ 5,850,937   $ 3,592,675   $ 42,509
Balance, Shares at Sep. 30, 2021 124,866   124,866                
[1] The Cumulative effect adjustments as of October 1, 2018 include an increase of $14,294 to retained earnings due to the impact of adoptions of ASU No. 2014-09 (ASC 606) and decrease of $3,860 to retained earnings due to adoption of ASU No. 2016-16.
[2] As of September 30, 2021, 2020 and 2019, accumulated other comprehensive income (loss) is comprised of unrealized gain on derivatives, net of tax, of $13,773, $18,836 and $3,945, unrealized loss on short-term interest-bearing investments, net of tax, of $(1,274), $(2) and $0 and unrealized loss on defined benefit plan, net of tax, of $(3,161), $(7,172) and $(6,492).
[3] In fiscal years 2021, 2020 and 2019, all of the Company’s net income is attributable to Amdocs Limited as the net income attributable to the Non-controlling interests is negligible.