Stockholders' Equity

6 Months Ended

Mar. 31, 2018

5. Stockholders’ Equity

The following table presents the activity included in stockholders’ equity during the six months ended March 31, 2018 (in thousands, except share amounts):

											Accumulated
	Common Stock				Additional Paid-in			Retained			Other Comprehensive			Total Stockholders'
	Shares		Amount		Capital			Earnings			Loss			Equity
Balance at September 30, 2017		67,700,858	$	677	$	1,047,506		$	748,186		$	(14,563	)	$	1,781,806
Issuance of common stock, net of shares withheld for taxes		342,426		3		1,381			-			-			1,384
Issuance costs related to secondary offering of common stock		-		-		(474	)		-			-			(474	)
Stock-based compensation		-		-		7,835			-			-			7,835
Other comprehensive income (loss)		-		-		-			-			(1,971	)		(1,971	)
Net income (loss)		-		-		-			941			-			941
Dividends on preferred shares, declared		-		-		-			(6,000	)		-			(6,000	)
Balance at March 31, 2018		68,043,284	$	680	$	1,056,248		$	743,127		$	(16,534	)	$	1,783,521

Common Stock

The Company is authorized to issue 100 million shares of common stock. As of March 31, 2018, September 30, 2017, and March 31, 2017 there were 68,043,284, 67,700,858 and 60,255,320 shares of common stock issued and outstanding, respectively.

Accumulated Other Comprehensive Loss

Other comprehensive income (loss) is comprised of certain gains and losses that are excluded from net income under GAAP and instead recorded as a separate element of stockholders’ equity. The Company’s other comprehensive income (loss) consists of foreign currency translation adjustments as well as unrealized gains or losses on the Company’s derivative contracts.

The following table summarizes the components of and changes in accumulated other comprehensive loss (in thousands):

	Foreign Currency Translation			Accumulated Other Comprehensive Loss
Balance as of September 30, 2017	$	(14,563	)	$	(14,563	)
Other comprehensive income before reclassifications		(1,971	)		(1,971	)
Reclassifications out of other comprehensive loss		-			-
Balance as of March 31, 2018	$	(16,534	)	$	(16,534	)