Equity |
3 Months Ended |
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Dec. 31, 2022 | |
| Equity [Abstract] | |
| Shareholders' Equity | Shareholders’ Equity Share Repurchases In January 2018, the Company’s Board of Directors (the “Board”) authorized the repurchase of up to 10.0 shares of the Company’s common stock, replacing the previous share repurchase authorization from May 2015. The Company repurchased 0.4 shares of its common stock for $15.0 during the three months ended December 31, 2022. There are 6.1 shares of common stock available for repurchase in the future under the Board’s authorization as of December 31, 2022. Any future share repurchases may be made in the open market, privately negotiated transactions, or otherwise, and in such amounts and at such times as the Company deems appropriate based upon prevailing market conditions, business needs, and other factors. Dividends Dividends declared during the three months ended December 31, 2022 totaled $8.0. Payments made for dividends during the three months ended December 31, 2022 totaled $8.3. On November 3, 2022, the Board declared a quarterly cash dividend of $0.15 per common share for the fourth fiscal quarter. The dividend was paid on January 4, 2023 to shareholders of record as of the close of business on November 29, 2022. On February 3, 2023, the Board declared a quarterly cash dividend of $0.15 per common share for the first fiscal quarter. The dividend will be payable on April 5, 2023 to stockholders of record as of the close of business on March 8, 2023.
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