Equity Securities and Stock-based Compensation

3 Months Ended

Dec. 31, 2011

Equity Securities and Stock-based Compensation

Equity Securities and Stock-based Compensation

9.Equity Securities and Stock-based Compensation

Shelf Registration — Approximately $212.6 million remains available for future offerings of securities under a universal shelf registration statement which the SEC declared effective in 2009. The shelf registration expires in April 2012. A prospectus supplement describing the terms of any additional securities to be issued is required to be filed before any future offering could commence under the registration statement.

Stock-based Compensation — During the December 2011 quarter, the Compensation Committee (the Committee) of the Board of Directors granted approximately 1.2 million stock-based awards to officers and employees under the terms of the 2010 Incentive Compensation Plan (2010 ICP). The awards vest over an approximate three-year period. The Committee also granted some cash-settled stock appreciation rights (SARs) as more fully described in Note 12.

Stock-based compensation expense was approximately $1.1 million and $0.6 million for the December 2010 and 2011 quarters, respectively. As of December 31, 2011, there was approximately $1.9 million of total compensation cost related to unvested awards not yet recognized, which will be recognized in future periods in accordance with applicable vesting terms.