Stockholders' Equity

6 Months Ended

Mar. 31, 2016

Equity [Abstract]

STOCKHOLDERS' EQUITY

STOCKHOLDERS’ EQUITY

The Company has an automatically effective universal shelf registration statement, filed with the SEC in August 2015, registering debt and equity securities that it may issue from time to time in amounts to be determined.

Effective August 1, 2015, the Board of Directors authorized the repurchase of up to $100 million of the Company’s common stock effective through July 31, 2016. All of the $100 million authorization was remaining at March 31, 2016, and no common stock has been repurchased subsequent to March 31, 2016.

During the three months ended March 31, 2016, the Board of Directors approved a quarterly cash dividend of $0.08 per common share, which was paid on February 17, 2016 to stockholders of record on February 5, 2016. In April 2016, the Board of Directors approved a quarterly cash dividend of $0.08 per common share, payable on May 27, 2016 to stockholders of record on May 13, 2016. Quarterly cash dividends of $0.0625 per common share were approved and paid in the comparable quarters of fiscal 2015.