SHAREHOLDERS' EQUITY

3 Months Ended

Dec. 31, 2020

Stockholders' Equity Note [Abstract]

NOTE 8 SHAREHOLDERS’ EQUITY

The Company has an evergreen authorization from the Board of Directors (the "Board") for the repurchase of up to four million common shares in any 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 December 31, 2020 and 2019.

A cash dividend of $0.25 per share was declared on September 9, 2020 for shareholders of record on November 13, 2020 and was paid on December 1, 2020. An additional cash dividend of $0.25 per share was declared on December 11, 2020 for shareholders of record on February 12, 2021, payable on March 1, 2021. As a result, we recorded a dividend payable of $27.4 million within Dividends Payable on our Unaudited Condensed Consolidated Balance Sheets as of December 31, 2020.

Accumulated Other Comprehensive Loss

Components of accumulated other comprehensive loss were as follows:


(in thousands)	December 31, 2020		September 30, 2020
Pre-tax amounts:
Unrecognized net actuarial loss	$	(33,333)	$	(33,923)
	$	(33,333)	$	(33,923)
After-tax amounts:
Unrecognized net actuarial loss	$	(25,731)	$	(26,188)
	$	(25,731)	$	(26,188)

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 months ended December 31, 2020:


(in thousands)	Three Months Ended December 31, 2020
Balance at September 30, 2020	$	(26,188)
Activity during the period
Amounts reclassified from accumulated other comprehensive income	457
Net current-period other comprehensive income	457
Balance at December 31, 2020	$	(25,731)