SHAREHOLDERS' EQUITY

9 Months Ended

Jun. 30, 2019

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY

10.  SHAREHOLDERS’ EQUITY

The change in shareholders’ equity for the first nine months of 2019 and 2018 is shown below (in thousands):

	Three Months Ended June 30,		Nine Months Ended June 30,
	2018	2019	2018	2019
Common stock
Beginning balance	305	305	305	305
Stock plans	—	1	—	1
Ending balance	305	306	305	306
Additional paid-in-capital
Beginning balance	292,404	293,612	289,785	291,190
Stock plans	(2,298)	(2,408)	321	14
Ending balance	290,106	291,204	290,106	291,204
Retained earnings
Beginning balance	557,249	643,018	516,718	606,836
Net earnings common stockholders	19,019	20,067	63,684	56,181
Dividends paid	(2,076)	(2,082)	(6,210)	(6,227)
Adoption of accounting standards updates	—	—	—	4,213
Ending balance	574,192	661,003	574,192	661,003
Accumulated other comprehensive income (loss)
Beginning balance	(23,028)	(35,280)	(27,308)	(31,528)
Foreign currency translation	(6,865)	1,840	(2,801)	(2,013)
Pension	—	—	61	—
Forward exchange contracts	(62)	(7)	93	94
Ending balance	(29,955)	(33,447)	(29,955)	(33,447)
Treasury stock
Beginning balance	(107,394)	(107,259)	(107,582)	(107,394)
Issued under stock plans	—	—	188	135
Ending balance	(107,394)	(107,259)	(107,394)	(107,259)
Total equity	727,254	811,807	727,254	811,807