Accumulated Stockholders' Equity

12 Months Ended

Sep. 30, 2022

Stockholders Equity Note [Abstract]

Accumulated Stockholders' Equity

4.Accumulated Stockholders’ Equity

Share Repurchases

The Board approved a share repurchase program authorizing us to repurchase up to $1.0 billion of our common stock through September 30, 2025.

Information related to our shares repurchased and subsequently retired were as follows (in thousands):

	Fiscal Year Ended September 30,
	2022		2021		2020
Number of shares repurchased		6,832		—		4,702
Total cost of share repurchased	$	130,328	$	—	$	61,357

The amounts above do not include approximately 59,000, 71,000 and 159,000 shares surrendered by grantees to satisfy personal income tax withholdings obligations upon vesting of equity-based awards valued at approximately $1.2 million, $1.0 million and $0.3 million during the fiscal years 2022, 2021 and 2020, respectively.

We reduced common stock and additional paid-in capital, in the aggregate, by these amounts. However, as required by GAAP, to the extent share repurchase amounts exceeded the balance of additional paid-in capital prior to such repurchases, we recorded the excess in accumulated stockholders’ equity on our consolidated balance sheets. We funded these share repurchases with cash from operations and borrowings under the ABL facility, as appropriate.

Accumulated other Comprehensive Loss

The change in accumulated other comprehensive loss (“AOCL”) was as follows (in thousands):

	Foreign Currency Translation Adjustments			Interest Rate Caps			Foreign Exchange Contracts			Total
Balance at September 30, 2020	$	(102,111	)	$	(3,003	)	$	411		$	(104,703	)
Other comprehensive income (loss) before    reclassifications, net of tax		9,957			(282	)		(1,070	)		8,605
Reclassification to net earnings, net of tax		—			1,200			257			1,457
Balance at September 30, 2021		(92,154	)		(2,085	)		(402	)		(94,641	)
Other comprehensive income (loss) before    reclassifications, net of tax		(60,974	)		2,310			(149	)		(58,813	)
Reclassification to net earnings, net of tax		—			1,735			(128	)		1,607
Balance at September 30, 2022	$	(153,128	)	$	1,960		$	(679	)	$	(151,847	)

The tax impact for the changes in other comprehensive loss and the reclassifications to net earnings was not material.