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Subsequent Events
6 Months Ended
Mar. 31, 2015
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
On April 7, 2015, we entered into four interest rate swap contracts with forward start dates of September 30, 2016. These swap contracts effectively fix the interest rate on $150.0 million of our borrowings under the Term Loan at 5.591% from September 30, 2016 through September 30, 2021. The fair value of these swap contracts will be reported in our balance sheets in future periods. We expect to apply hedge accounting.
On April 21, 2015, our board of directors declared a dividend of $0.02 per share on our common stock, payable on or about May 20, 2015 to stockholders of record at the close of business on May 8, 2015.
On April 28, 2015, we announced the authorization of a stock repurchase program for up to $50.0 million of our common stock. The program does not commit us to any particular timing or quantity of purchases, and we may suspend or discontinue the program at any time.