Note 9 - Stockholders' Equity

9 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Equity [Text Block]

9. Stockholders’ Equity

Share Repurchases

During the three months ended June 30, 2024, the Company repurchased 4.2 million shares of common stock for $225.9 million (excluding fees, commissions, and excise tax) pursuant to the 2022 share repurchase authorization. During the nine months ended June 30, 2024, the Company repurchased 7.7 million shares of common stock for $412.6 million (excluding fees, commissions, and excise tax) pursuant to the 2022 share repurchase authorization. As of June 30, 2024, the Company accrued $3.9 million for excise tax related to share repurchases, which is considered an additional cost of the share repurchases and a reduction to stockholders’ equity in the Condensed Consolidated Balance Sheets.

Accumulated Other Comprehensive Income (Loss)

The following is a summary of the components of accumulated other comprehensive income (loss), net of tax for the nine months ended June 30, 2024 and 2023 (in thousands):

				Unrealized
				Gains (Losses)
				on Available-			​Gains (Losses)			Pension
	Currency			for-Sale			on Derivative			Liability
	Translation			Securities			asset			Adjustments
	Adjustments			Net of tax			Net of tax			Net of tax			Total
Balance at September 30, 2022	$	(165,694	)	$	(10,909	)	$	93,020		$	(333	)	$	(83,916	)
Other comprehensive income (loss) before reclassifications		113,140			4,109			(70,478	)		—			46,771
Balance at June 30, 2023	$	(52,554	)	$	(6,800	)	$	22,542		$	(333	)	$	(37,145	)

				Unrealized
				Gains (Losses)
				on Available-			​Gains (Losses)			Pension
	Currency			for-Sale			on Derivative			Liability
	Translation			Securities			asset			Adjustments
	Adjustments			Net of tax			Net of tax			Net of tax			Total
Balance at September 30, 2023	$	(88,448	)	$	(5,135	)	$	31,487		$	(330	)	$	(62,426	)
Other comprehensive income (loss) before reclassifications		21,725			3,799			(7,971	)		(88	)		17,465
Amounts reclassified from accumulated other comprehensive income (loss)		—			—			—			66			66
Balance at June 30, 2024	$	(66,723	)	$	(1,336	)	$	23,516		$	(352	)	$	(44,895	)

Unrealized gains (losses) on available-for-sale marketable securities are reclassified from “Accumulated other comprehensive income (loss)” into results of operations at the time of the securities’ sale, as described in Note 2, Summary of Significant Accounting Policies in the notes to the audited consolidated financial statements included in the section titled “Financial Statements and Supplementary Data” in Part II, Item 8 of the 2023 Annual Report on Form 10-K. Amounts reclassified from “Accumulated other comprehensive income (loss)” related to pension liability adjustments represent amortization of actuarial gains and losses.