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STOCKHOLDERS' EQUITY | 9 Months Ended
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Jun. 30, 2019
Equity [Abstract] |
STOCKHOLDERS' EQUITY | STOCKHOLDERS' EQUITY Retirement of Treasury Stock On June 25, 2019, Meta retired $5.0 million, or 114,558 shares, of common stock held in treasury. The Company accounts for the retirement of repurchased shares, including treasury stock, using the par value method under which the repurchase price is charged to paid-in capital up to the amount of the original proceeds of those shares. When the repurchase price is greater than the original issue proceeds, the excess is charged to retained earnings. Repurchase of Common Stock On March 26, 2019, Meta announced a share repurchase program of up to 2.0 million of its outstanding shares of common stock, or approximately 5% of its outstanding shares. The program became effective on May 1, 2019 and is scheduled to expire on September 30, 2021. During the third quarter of fiscal 2019, Meta repurchased under the program a total of $43.0 million, or 1,574,734 shares of its common stock, at an average price of $27.31 per share. Under the repurchase program, repurchased shares were retired and designated as authorized but unissued shares, and the value of the shares reduced retained earnings. As of June 30, 2019, the remaining number of shares available for repurchase under this program was 425,266 shares of common stock. For the nine months ended June 30, 2019, and 2018, the Company also repurchased 90,264 and 17,155 shares, or $3.0 million and $1.4 million, of common stock, respectively, in settlement of employee tax withholding obligations due upon the vesting of restricted stock.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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