SHAREHOLDERS' EQUITY

6 Months Ended

Mar. 31, 2021

Stockholders' Equity Note [Abstract]

NOTE 8 SHAREHOLDERS’ EQUITY

The Company has an evergreen authorization from the Board of Directors 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 six months ended March 31, 2021 and 2020.

A cash dividend of $0.25 per share was declared on December 11, 2020 for shareholders of record on February 12, 2021 and was paid on March 1, 2021. An additional cash dividend of $0.25 per share was declared on March 3, 2021 for shareholders of record on May 17, 2021, payable on June 1, 2021. As a result, we recorded a dividend payable of $27.3 million within dividends payable on our Unaudited Condensed Consolidated Balance Sheets as of March 31, 2021.

Accumulated Other Comprehensive Loss

Components of accumulated other comprehensive loss were as follows:


(in thousands)	March 31, 2021		September 30, 2020
Pre-tax amounts:
Unrecognized net actuarial loss	$	(32,743)	$	(33,923)
	$	(32,743)	$	(33,923)
After-tax amounts:
Unrecognized net actuarial loss	$	(25,274)	$	(26,188)
	$	(25,274)	$	(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 and six months ended March 31, 2021:


(in thousands)	Three Months Ended March 31, 2021		Six Months Ended March 31, 2021
Balance at beginning of period	$	(25,731)	$	(26,188)
Activity during the period
Amounts reclassified from accumulated other comprehensive loss	457		914
Net current-period other comprehensive income	457		914
Balance at March 31, 2021	$	(25,274)	$	(25,274)