COMPREHENSIVE INCOME (LOSS) (Tables)

9 Months Ended

Jun. 30, 2012

COMPREHENSIVE INCOME (LOSS) [Abstract]

The following table reflects the changes in comprehensive income (loss) (in thousands):

	Three Months Ended						Nine Months Ended
	June 30,						June 30,
	2012			2011			2012			2011
Net income (loss)	$	30,280		$	92		$	28,496		$	(5,083	)
Other comprehensive (loss) income:
Unrealized (loss) gain on investment securities available-for-sale, net of tax of $(11), $(273), $327 and $(378)		(17	)		(378	)		518			(551	)
Less: reclassification for realized losses, net of tax of $0, $2, $28 and $566		−			(2	)		46			904
		(17	)		(380	)		564			353
Minimum pension liability adjustment, net of tax of $0, $30, $0 and $30		−			(30	)		−			(30	)
Less: reclassification for realized losses, net of tax of $36, $31, $107 and $96		46			43			140			127
Unrealized gain (loss) on hedging contracts, net of tax of $5, $(66), $176 and $38		7			(90	)		234			53
Foreign currency translation gain recognized in earnings		−			−			−			368
Comprehensive income (loss)		30,316			(365	)		29,434			(4,212	)
Less: comprehensive income attributable to noncontrolling interests		(45	)		(482	)		(433	)		(165	)
Comprehensive income (loss) attributable to common shareholders	$	30,271		$	(847	)	$	29,001		$	(4,377	)

Changes in accumulated other comprehensive loss by category

The following are changes in accumulated other comprehensive loss by category (in thousands):

	Investment Securities Available-for-Sale			Cash Flow Hedges (1)			SERP Pension Liability			Total
Balance, beginning of year, net of tax of $(7,147), $(202), and $(2,271)	$	(11,421	)	$	(222	)	$	(2,970	)	$	(14,613	)
Current period changes		564			185			140			889
Balance, end of period, net of tax of $(6,792), $(26) and $(2,163)	$	(10,857	)	$	(37	)	$	(2,830	)	$	(13,724	)

(1)

Included in Accumulated Other Comprehensive Loss as of June 30, 2012 and September 30, 2011 are net unrealized losses of $15,000 (net of tax benefit of $14,000) and $41,000 (net of tax benefit of $28,000), respectively, related to hedging instruments held by the investment funds sponsored by LEAF Financial, in which the Company owns an equity interest. In addition, at September 30, 2011, the Company had a net unrealized loss of $181,000 (net of tax benefit and noncontrolling interests of $223,000) included in Accumulated Other Comprehensive Loss for hedging activity of LEAF. As of June 30, 2012, the Company owns an equity interest in LEAF and has included in Accumulated Other Comprehensive Loss its percentage of LEAF's hedging activity of $22,000 (net of tax benefit of $12,000). The Company has no other hedging activity as of June 30, 2012.

- Definition

Tabular disclosure of components of comprehensive income (loss) including, but not limited to: (a) foreign currency translation adjustments; (b) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (c) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (d) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (e) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (f) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (g) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

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