Stockholders' Equity

3 Months Ended

Dec. 31, 2013

Equity [Abstract]

STOCKHOLDERS' EQUITY

STOCKHOLDERS’ EQUITY

The Company has an automatically effective universal shelf registration statement, filed with the SEC in September 2012, registering debt and equity securities that it may issue from time to time in amounts to be determined.

Effective August 1, 2013, the Board of Directors authorized the repurchase of up to $100 million of the Company’s common stock effective through July 31, 2014. All of the $100 million authorization was remaining at December 31, 2013, and no common stock has been repurchased subsequent to December 31, 2013.

In December 2012, the Board of Directors approved total cash dividends of $0.1875 per common share, which included a quarterly cash dividend of $0.0375 per share and an additional cash dividend of $0.15 per share. The dividend of $0.15 per share was in lieu of and accelerated the payment of all quarterly dividends that would have otherwise been paid in calendar year 2013.

In January 2014, the Board of Directors approved a quarterly cash dividend of $0.0375 per common share, payable on February 18, 2014 to stockholders of record on February 7, 2014.