SHAREHOLDERS' EQUITY

9 Months Ended

Jun. 30, 2020

Stockholders' Equity Note [Abstract]

SHAREHOLDERS' EQUITY

NOTE 10 SHAREHOLDERS’ EQUITY

The Company has authorization from the Board of Directors (the "Board") for the repurchase of up to four million common shares per calendar year. The repurchases may be made using our cash and cash equivalents or other available sources. We had no purchases of common shares during the three months ended June 30, 2020. During the nine months ended June 30, 2020, we purchased 1.5 million common shares at an aggregate cost of $28.5 million, which are held as treasury shares. We had no purchases of common shares during the three and nine months ended June 30, 2019.

A cash dividend of $0.71 per share was declared on March 4, 2020 for shareholders of record on May 11, 2020 and was paid on June 1, 2020. An additional cash dividend of $0.25 per share was declared on June 3, 2020 for shareholders of record on August 17, 2020, payable on August 31, 2020. As a result, we recorded a dividend payable of $27.2 million within Dividends Payable on our Unaudited Condensed Consolidated Balance Sheets as of June 30, 2020.

Components of accumulated other comprehensive loss were as follows:

(in thousands)	June 30, 2020			September 30, 2019
Pre-tax amounts:
Unrealized actuarial loss	$	(35,078	)	$	(37,084	)
	$	(35,078	)	$	(37,084	)
After-tax amounts:
Unrealized actuarial loss	$	(27,082	)	$	(28,635	)
	$	(27,082	)	$	(28,635	)

The following is a summary of the changes in accumulated other comprehensive loss, net of tax, related to the defined benefit pension plan for the three and nine months ended June 30, 2020:

(in thousands)	Three Months Ended June 30, 2020			Nine Months Ended June 30, 2020
Balance at beginning of period	$	(27,603	)	$	(28,635	)
Activity during the period
Amounts reclassified from accumulated other comprehensive income	521			1,553
Net current-period other comprehensive income	521			1,553
Balance at June 30, 2020	$	(27,082	)	$	(27,082	)