SHAREHOLDERS' EQUITY (Tables)

6 Months Ended

Mar. 31, 2019

Schedule of components of accumulated other comprehensive income

Components of accumulated other comprehensive income were as follows:


	March 31,		September 30,
	2019		2018
	(in thousands)
Pre-tax amounts:
Unrealized appreciation on securities (1)	$	—	$	44,023
Unrealized actuarial loss		(21,109)		(21,693)
	$	(21,109)	$	22,330
After-tax amounts:
Unrealized appreciation on securities (1)	$	—	$	29,071
Unrealized actuarial loss		(12,072)		(12,521)
	$	(12,072)	$	16,550

(1)

As disclosed in Note 2—Summary of Significant Accounting Policies, Risks and Uncertainties, we adopted ASU No. 2016-01 on October 1, 2018. The standard requires that changes in the fair value of our equity investments must be recognized in net income.

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

The following is a summary of the changes in accumulated other comprehensive income (loss), net of tax, by component for the three and six months ended March 31, 2019:


	Three Months Ended
	March 31, 2019
	Defined Benefit
	Pension Plan
	(in thousands)
Balance at December 31, 2018	$	(12,296)
Amounts reclassified from accumulated other comprehensive income		224
Net current-period other comprehensive income		224
Balance at March 31, 2019	$	(12,072)


	Six Months Ended March 31, 2019
	Unrealized
	Appreciation		Defined
	on Equity		Benefit
	Securities		Pension Plan		Total
	(in thousands)
Balance at September 30, 2018	$	29,071	$	(12,521)	$	16,550
Adoption of ASU No. 2016-01 (1)		(29,071)		—		(29,071)
Balance at October 1, 2018		—		(12,521)		(12,521)
Amounts reclassified from accumulated other comprehensive income		—		449		449
Net current-period other comprehensive income		—		449		449
Balance at March 31, 2019	$	—	$	(12,072)	$	(12,072)

(1)

As disclosed in Note 2—Summary of Significant Accounting Policies, Risks and Uncertainties, we adopted ASU No. 2016-01 on October 1, 2018. The transition provisions enforced upon adoption require any unrealized gains or losses as of October 1, 2018 to be recognized in the beginning balance of equity.

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

The following provides detail about accumulated other comprehensive income (loss) components which were reclassified to the Unaudited Condensed Consolidated Statements of Operations:


	Reclassified from				Reclassified from
	Accumulated Other				Accumulated Other
	Comprehensive				Comprehensive
	Income (Loss)				Income (Loss)
	Three Months Ended				Six Months Ended				Affected Line
Details About Accumulated Other	March 31,				March 31,				Item in the Consolidated
Comprehensive Income (Loss) Components	2019		2018		2019		2018		Statements of Operations
		(in thousands)			(in thousands)
Amortization of net actuarial loss on defined benefit pension plan	$	(291)	$	(460)	$	(583)	$	(921)	Other income (expense)
		67		152		134		273	Income tax provision
Total reclassifications for the period	$	(224)	$	(308)	$	(449)	$	(648)	Net of tax