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Financial Instruments and Fair Value Measurement (Tables)
9 Months Ended
Jun. 30, 2013
Financial Instruments and Fair Value Measurement  
Summary of available-for-sale securities

 

 

 

 

Gross

 

Gross

 

Estimated

 

 

 

 

 

Unrealized

 

Unrealized

 

Fair

 

 

 

Cost

 

Gains

 

Losses

 

Value

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

Equity securities June 30, 2013

 

$

68,434

 

$

209,097

 

$

 

$

277,531

 

Equity securities September 30, 2012

 

$

129,183

 

$

304,396

 

$

 

$

433,579

 

Schedule of after-tax gains from the sale of available-for-sale securities

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

 

 

(in thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

After-tax gain

 

$

92,449

 

$

 

$

92,449

 

$

 

Earnings per diluted share

 

$

0.86

 

$

 

$

0.86

 

$

 

Summary of assets measured at fair value on a recurring basis

 

 

 

 

Quoted Prices

 

 

 

 

 

 

 

Total

 

in Active

 

Significant

 

 

 

 

 

Measure

 

Markets for

 

Other

 

Significant

 

 

 

at

 

Identical

 

Observable

 

Unobservable

 

 

 

Fair

 

Assets

 

Inputs

 

Inputs

 

 

 

Value

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

 

 

(in thousands )

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

480,480

 

$

480,480

 

$

 

$

 

Equity securities

 

277,531

 

277,531

 

 

 

Other current assets

 

24,414

 

24,164

 

250

 

 

Other assets

 

2,000

 

2,000

 

 

 

Total assets measured at fair value

 

$

784,425

 

$

784,175

 

$

250

 

$

 

Summary of supplemental fair value information about fixed-rate debt

 

 

June 30,

 

September 30,

 

 

 

2013

 

2012

 

 

 

(in thousands)

 

 

 

 

 

 

 

Carrying value of fixed-rate debt

 

$

235.0

 

$

235.0

 

Fair value of fixed-rate debt

 

$

243.2

 

$

252.7