SHAREHOLDERS' EQUITY

12 Months Ended

Sep. 30, 2016

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY

NOTE 5 SHAREHOLDERS' EQUITY

        The Company has 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. During fiscal 2015, we purchased 810,097 common shares at an aggregate cost of $59.7 million, which are held as treasury shares. We had no purchases of common shares in fiscal years 2016 and 2014.

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

        Components of accumulated other comprehensive income (loss) were as follows:

	September 30,
	2016			2015			2014
	(in thousands)
Pre-tax amounts:
Unrealized appreciation on securities	$	33,051		$	27,021		$	157,838
Unrealized actuarial loss		(34,112	)		(30,144	)		(23,405	)
	$	(1,061	)	$	(3,123	)	$	134,433
After-tax amounts:
Unrealized appreciation on securities	$	20,899		$	17,201		$	97,418
Unrealized actuarial loss		(21,103	)		(18,578	)		(14,292	)
	$	(204	)	$	(1,377	)	$	83,126

        The following is a summary of the changes in accumulated other comprehensive income (loss), net of tax, by component for the year ended September 30, 2016:

	Unrealized Appreciation (Depreciation) on Available-for-sale Securities		Defined Benefit Pension Plan			Total
	(in thousands)
Balance September 30, 2015	$	17,201	$	(18,578	)	$	(1,377	)
Other comprehensive income before reclassifications		2,772		—			2,772
Amounts reclassified from accumulated other comprehensive income (loss)		926		(2,525	)		(1,599	)
Net current-period other comprehensive Income (loss)		3,698		(2,525	)		1,173
Balance September 30, 2016	$	20,899	$	(21,103	)	$	(204	)

        The following provides detail about accumulated other comprehensive income (loss) components which were reclassified to the Consolidated Statement of Operations during the years ended September 30, 2016 and 2015:

	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)
							Affected line item in the Consolidated Statement of Operations
Details about Accumulated Other Comprehensive Income (Loss) Components	2016			2015
	(in thousands)
Other-than-temporary impairment of available-for-sale securities	$	1,509		$	—		Gain (loss) on investment securities
		(583	)		—		Income tax provision
	$	926		$	—		Net of tax
Defined Benefit Pension Items	$	(3,968	)	$	(6,738	)	General and administrative
Amortization of net actuarial loss		1,443			2,452		Income tax provision
	$	(2,525	)	$	(4,286	)	Net of tax
Total reclassifications for the period	$	(1,599	)	$	(4,286	)