Shareholders' Equity

3 Months Ended

Dec. 31, 2017

Equity [Abstract]

Shareholders' Equity

Shareholder's Equity

In July 2015, the Company's Board of Directors approved an authorization for the Company to acquire up to 7.5 million shares of its common stock. During the three months ended December 31, 2017, the Company repurchased 1,126,379 shares for $50.0, at an average price of $44.41 per share, under this authorization. Future share repurchases, if any, will be determined by the Company based on its evaluation of the market conditions, capital allocation objectives, legal and regulatory requirements and other factors.

On November 13, 2017, the Board of Directors declared a dividend for the first quarter of fiscal 2018 of $0.29 per share of common stock. The dividend was paid on December 14, 2017 to all shareholders of record as of November 30, 2017 and totaled $17.3. The incremental dividend payments of $0.3 made in fiscal 2018 were related to restricted stock awards that vested during November 2017.

Subsequent to the fiscal quarter end, on January 29, 2018, the Board of Directors declared a dividend for the second quarter of 2018 of $0.29 per share of common stock, payable on March 13, 2018, to all shareholders of record as of the close of business February 20, 2018.