| SHAREHOLDERS' EQUITY |
| | | | | | | | | | | | | | | NOTE 7 SHAREHOLDERS’ EQUITY |
The Company has an evergreen authorization from the Board of Directors for the repurchase of up to four million common shares in any calendar year. The repurchases may be made using our cash and cash equivalents or other available sources and are held as treasury shares on our Unaudited Condensed Consolidated Balance Sheets. We did not make any share repurchases during the three and nine months ended June 30, 2026 and 2025. A cash dividend of $0.25 per share was declared on June 3, 2026 for shareholders of record on August 18, 2026, payable on September 1, 2026. As a result, we recorded a Dividend payable of $25.4 million on our Unaudited Condensed Consolidated Balance Sheets as of June 30, 2026. Accumulated Other Comprehensive Income Components of accumulated other comprehensive income were as follows: | | | | | | | | | | | | | June 30, | | September 30, | | (in thousands) | 2026 | | 2025 | | Pre-tax amounts: | | | | Unrealized pension actuarial gain on defined benefit pension plans | $ | 4,546 | | | $ | 3,336 | | Unrealized gain on available-for-sale debt security | — | | | 383 | | Foreign currency translation adjustment | 25,577 | | | 45,682 | | | $ | 30,123 | | | $ | 49,401 | | | After-tax amounts: | | | | Unrealized pension actuarial gain on defined benefit pension plans | $ | 5,404 | | | $ | 4,470 | | Unrealized gain on available-for-sale debt security | — | | | 296 | | Foreign currency translation adjustment | 24,829 | | | 40,198 | | | $ | 30,233 | | | $ | 44,964 | |
The following is a summary of the changes in accumulated other comprehensive income (loss), net of tax, for the three and nine months ended June 30, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2026 | | (in thousands) | Defined Benefit Pension Plan | | Unrealized Gain on Available-for-Sale Security | | Foreign Currency Translation Adjustment | | Total | | Balance at beginning of period | $ | 5,404 | | | $ | — | | | $ | 38,092 | | | $ | 43,496 | | | Activity during the period | | | | | | | | | Other comprehensive loss before reclassifications | — | | | — | | | (13,263) | | | (13,263) | | | | | | | | | | | Net current-period other comprehensive loss | — | | | — | | | (13,263) | | | (13,263) | | Balance at June 30, 2026 | $ | 5,404 | | | $ | — | | | $ | 24,829 | | | $ | 30,233 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended June 30, 2026 | | (in thousands) | Defined Benefit Pension Plan | | Unrealized Gain on Available-for-Sale Security | | Foreign Currency Translation Adjustment | | Total | | Balance at beginning of period | $ | 4,470 | | | $ | 296 | | | $ | 40,198 | | | $ | 44,964 | | | Activity during the period | | | | | | | | Other comprehensive loss before reclassifications | — | | | — | | | (15,369) | | | (15,369) | | | Amounts reclassified from accumulated other comprehensive income (loss) | 934 | | | (296) | | | — | | | 638 | | | Net current-period other comprehensive income (loss) | 934 | | | (296) | | | (15,369) | | | (14,731) | | Balance at June 30, 2026 | $ | 5,404 | | | $ | — | | | $ | 24,829 | | | $ | 30,233 | |
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