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Additional Financial Information
6 Months Ended
Mar. 31, 2019
Additional Financial Information [Abstract]  
Additional Financial Information

12. Additional Financial Information

Cash Interest and Taxes

The Company made interest payments of approximately $28 million and $34 million during the three months ended March 31, 2019 and March 31, 2018, respectively. The Company made interest payments of approximately $70 million and $86 million during the six months ended March 31, 2019 and March 31, 2018, respectively. The Company paid approximately $11 million of income and withholding taxes during the three months ended March 31, 2019 and paid approximately $9 million of income and withholding taxes during the three months ended March 31, 2018. The Company paid approximately $18 million of income and withholding taxes during the six months ended March 31, 2019 and paid approximately $17 million of income and withholding taxes during the six months ended March 31, 2018.

Special Cash Dividends

On January 8, 2018, the Company’s Board of Directors approved a special cash dividend of $125 million, which was paid on January 12, 2018 to stockholders of record as of January 11, 2018.

On May 7, 2018, the Company’s Board of Directors approved a special cash dividend of $300 million, which was paid on May 11, 2018 to stockholders of record as of May 7, 2018.

On August 7, 2018, the Company’s Board of Directors approved a special cash dividend of $500 million, which was paid on August 10, 2018 to stockholders of record as of August 7, 2018.

Dividend Policy

The Company’s ability to pay dividends is restricted by covenants in the indentures governing our notes and in the credit agreements for our Senior Term Loan Facility and the Revolving Credit Facility.

In the first quarter of 2019, the Company instituted a regular quarterly dividend policy whereby it intends to pay a modest regular quarterly dividend in each fiscal quarter and a variable dividend for the fourth fiscal quarter in an amount commensurate with cash expected to be generated from operations in such fiscal year, in each case, after taking into account other potential uses for cash, including acquisitions, investment in our business and repayment of indebtedness. On December 20, 2018 the Company’s Board of Directors approved the first dividend of $31.25 million which was paid on January 4, 2019. On March 26, 2019, the Company’s Board of Directors approved a dividend of $31.25 million paid on April 5, 2019 and recorded as an accrual on March 31, 2019. The declaration of each dividend will continue to be at the discretion of the Company’s Board of Directors.