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SHAREHOLDERS' EQUITY (Tables)
12 Months Ended
Sep. 30, 2018
SHAREHOLDERS' EQUITY  
Schedule of components of accumulated other comprehensive income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 

 

    

2018

    

2017

    

2016

 

 

(in thousands)

Pre-tax amounts:

 

 

 

 

 

 

 

 

 

Unrealized appreciation on securities

 

$

44,023

 

$

31,700

 

$

33,051

Unrealized actuarial loss

 

 

(21,693)

 

 

(28,873)

 

 

(34,112)

 

 

$

22,330

 

$

2,827

 

$

(1,061)

After-tax amounts:

 

 

 

 

 

 

 

 

 

Unrealized appreciation on securities

 

$

29,071

 

$

20,070

 

$

20,899

Unrealized actuarial loss

 

 

(12,521)

 

 

(17,770)

 

 

(21,103)

 

 

$

16,550

 

$

2,300

 

$

(204)

 

Summary of the changes in accumulated other comprehensive income (loss), net of tax, by component

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized

 

 

 

 

 

 

 

 

Appreciation on

 

Defined

 

 

 

 

 

Available-for-sale

 

Benefit

 

 

 

 

    

Securities

    

Pension Plan

    

Total

 

 

(in thousands)

Balance at September 30, 2017

 

$

20,070

 

$

(17,770)

 

$

2,300

Other comprehensive income before reclassifications

 

 

9,001

 

 

 —

 

 

9,001

Amounts reclassified from accumulated other comprehensive income

 

 

 —

 

 

5,249

 

 

5,249

Net current-period other comprehensive income

 

 

9,001

 

 

5,249

 

 

14,250

Balance at September 30, 2018

 

$

29,071

 

$

(12,521)

 

$

16,550

 

Schedule of accumulated other comprehensive income (loss) components which were reclassified to the Statement of Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Amount

 

 

 

 

Reclassified from

 

 

 

 

Accumulated Other

 

 

 

 

Comprehensive

 

Affected Line

Details About Accumulated Other

 

Income (Loss)

 

Item in the Consolidated

Comprehensive Income (Loss) Components

    

2018

    

2017

 

2016

 

Statements of Operations

 

 

(in thousands)

 

 

Other-than-temporary impairment of available-for-sale securities

 

$

 —

 

$

 —

 

$

1,509

 

Loss on investment securities

 

 

 

 —

 

 

 —

 

 

(583)

 

Income tax provision

 

 

 

 —

 

 

 —

 

 

926

 

Net of tax

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of net actuarial loss on defined benefit pension plan

 

$

7,180

 

$

5,238

 

$

(3,968)

 

Selling, general and administrative

 

 

 

(1,931)

 

 

(1,905)

 

 

1,443

 

Income tax provision

 

 

 

5,249

 

 

3,333

 

 

(2,525)

 

Net of tax

Total reclassifications for the period

 

$

5,249

 

$

3,333

 

$

(1,599)