Capital Stock

12 Months Ended

Sep. 30, 2016

Stockholders' Equity Note [Abstract]

Capital Stock

10. Capital Stock

The 30,364,183 and 30,358,864 common shares as presented in the accompanying Consolidated Balance Sheets at September 30, 2016 and 2015 represent the actual number of shares issued at the respective dates. The Company held 4,647,322 and 4,542,214 common shares in treasury at September 30, 2016 and 2015, respectively.

In August 2012, the Company’s Board of Directors authorized a common stock repurchase program under which the Company may repurchase shares of its stock from time to time in its discretion, in the open market or otherwise, up to a maximum total repurchase amount of $100 million (or such lesser amount as may be permitted under the Company’s bank credit agreements). This program has been repeatedly extended by the Company’s Board of Directors and is currently scheduled to expire September 30, 2017. The Company repurchased approximately 120,000 shares for $4.3 million in 2016, 517,000 shares for $18.2 million in 2015, and 350,000 shares for $12.0 million in 2014.