v3.24.3
Accumulated Stockholders' Equity
 12 Months Ended
Sep. 30, 2024
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,

 

 

 

2024

 

 

2023

 

 

2022

 

Number of shares repurchased

 

 

5,143

 

 

 

1,511

 

 

 

6,833

 

Total cost of share repurchased

 

$

60,391

 

 

$

15,150

 

 

$

130,328

 

The amounts above do not include approximately 194,000, 93,000 and 59,000 shares surrendered by grantees to satisfy personal income tax withholding obligations upon vesting of equity-based awards valued at $1.8 million, $1.2 million and $1.2 million during the fiscal years 2024, 2023 and 2022, 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. Share repurchases are typically funded from either cash from operations or 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 Swap

 

 

Interest
Rate Caps

 

 

Foreign Exchange Contracts

 

 

Total

 

Balance at September 30, 2022

 

$

(153,128

)

 

$

—

 

 

$

1,960

 

 

$

(679

)

 

$

(151,847

)

Other comprehensive income (loss) before
   reclassifications, net of tax

 

 

28,282

 

 

 

4,990

 

 

 

817

 

 

 

(2,837

)

 

 

31,252

 

Reclassification to net earnings, net of tax

 

 

—

 

 

 

(1,274

)

 

 

(2,777

)

 

 

1,882

 

 

 

(2,169

)

Balance at September 30, 2023

 

 

(124,846

)

 

 

3,716

 

 

 

—

 

 

 

(1,634

)

 

 

(122,764

)

Other comprehensive income (loss) before
   reclassifications, net of tax

 

 

12,437

 

 

 

(854

)

 

 

—

 

 

 

(1,590

)

 

 

9,993

 

Reclassification to net earnings, net of tax

 

 

—

 

 

 

(3,293

)

 

 

—

 

 

 

2,895

 

 

 

(398

)

Balance at September 30, 2024

 

$

(112,409

)

 

$

(431

)

 

$

—

 

 

$

(329

)

 

$

(113,169

)

 

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