Stockholders' Equity

12 Months Ended

Sep. 30, 2014

Equity [Abstract]

Stockholders' Equity

Stockholders' Equity

The Company’s Restated Certificate of Incorporation provides for 70,000,000 authorized shares of common stock and 5,000,000 authorized shares of preferred stock. The terms of the preferred stock may be fixed by the board of directors, who have the right to determine the price, rights, preferences, privileges and restrictions, including voting rights, of those shares without any further vote or action by the stockholders. The rights of the holders of common stock are subject to, and may be adversely affected by, the rights of the holders of any preferred stock that may be issued in the future.

On July 28, 2014, the Company filed a Certificate of Designation to authorize 324 shares of Series 1 Redeemable Preferred Stock (the “Series 1 Shares”). The Series 1 Shares were authorized to enable the Company to acquire the remaining less than 1.0% of the outstanding shares of common stock of Chingis through a share exchange under the laws of Taiwan whereby the Company exchanged one one-thousandth (1/1000^th) of a Series 1 Share for each outstanding share of Chingis common stock not already held by the Company. Each Series 1 Share was redeemable for cash at a price of $559.35 per share. On November 17, 2014, the Company redeemed all 324 of the Series 1 Shares at an aggregate cost of approximately $0.2 million.

As of September 30, 2014, shares of common stock were reserved for future issuance as follows:

Common shares reserved under Employee Stock Purchase Plan	332,000
Common shares reserved under stock-based benefit plans	6,305,000

Common Stock Repurchases

In both fiscal 2014 and fiscal 2013, the Company did not repurchase any shares of its common stock in the open market. As of September 30, 2014, the Company had repurchased and retired an aggregate of 14,179,711 shares of common stock at a cost of approximately $88.5 million since September 2007. As of September 30, 2014, $19.8 million remained available under the existing share repurchase authorization.

The Company issues RSUs as part of its equity incentive plans. For a portion of RSUs granted, the number of shares issued on the date the RSUs vest is net of the statutory withholding requirements that the Company pays on behalf of its employees. During fiscal 2014, the Company withheld 30,886 shares to satisfy approximately $358,000 of employees’ tax obligations. During fiscal 2013, the Company withheld 59,501 shares to satisfy approximately $555,000 of employees’ tax obligations. Although the shares withheld are not issued, they are treated as common stock repurchases for accounting purposes, as they reduce the number of shares that would have been issued upon vesting.

Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income (loss), net of tax, were as follows at September 30:

	2014			2013
	(In thousands)
Accumulated foreign currency translation adjustments	$	1,051		$	4,787
Accumulated net unrealized gain on SMIC (net of tax of $0 in 2014 and $275 in 2013)	—			419
Accumulated net unrealized gain on Nanya (net of tax of $0 in 2014 and $3,565 in 2013)	—			5,959
Accumulated net retirement plan transition asset (net of tax of $124 in 2014 and $148 in 2013)	8			47
Accumulated net retirement plan actuarial losses (net of tax of $477 in 2014 and $470 in 2013)	(2,103		)	(2,091		)
Total accumulated other comprehensive income (loss)	$	(1,044	)	$	9,121

The estimated net prior service cost, actuarial loss, and transition obligation for the Company's defined benefit plan that will be amortized from accumulated other comprehensive income (loss) to net periodic benefit cost during fiscal year 2015 is $0, $116,000, and $(59,000), respectively.