Stockholders' Equity

6 Months Ended

Mar. 31, 2015

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. The Company anticipates filing a new universal shelf registration statement that will register debt and equity securities prior to the expiration of its current universal shelf registration statement in September 2015.

Effective August 1, 2014, the Board of Directors authorized the repurchase of up to $100 million of the Company’s common stock effective through July 31, 2015. All of the $100 million authorization was remaining at March 31, 2015, and no common stock has been repurchased subsequent to March 31, 2015.

During the three months ended March 31, 2015, the Board of Directors approved a quarterly cash dividend of $0.0625 per common share, which was paid on February 17, 2015 to stockholders of record on February 6, 2015. A quarterly cash dividend of $0.0375 per common share was approved and paid during the three months ended March 31, 2014. In April 2015, the Board of Directors approved a quarterly cash dividend of $0.0625 per common share, payable on May 27, 2015 to stockholders of record on May 15, 2015.