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Stockholders' Equity (Tables)
6 Months Ended
Mar. 31, 2024
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Activity in Common Stock and Treasury Stock Share

Activity in common stock and treasury stock share are as follows:

 

 

Common Stock

 

 

Treasury Stock

 

 

Treasury stock held for deferred compensation

 

Balances as of January 1, 2023

 

 

72,960

 

 

 

(13,460

)

 

 

(122

)

Sales of treasury stock

 

 

 

 

 

251

 

 

 

 

Common shares issued for benefit plans

 

 

 

 

 

187

 

 

 

 

Purchases of stock by deferred compensation

 

 

 

 

 

 

 

 

 

Distribution of stock from deferred compensation

 

 

 

 

 

 

 

 

55

 

Balances as of March 31, 2023

 

 

72,960

 

 

 

(13,022

)

 

 

(67

)

 

 

 

 

 

 

 

 

 

 

Balances as of January 1, 2024

 

 

72,960

 

 

 

(12,823

)

 

 

(54

)

Sales of treasury stock

 

 

 

 

 

479

 

 

 

 

Common shares issued for benefit plans

 

 

 

 

 

159

 

 

 

 

Purchases of stock by deferred compensation

 

 

 

 

 

 

 

 

 

Distribution of stock from deferred compensation

 

 

 

 

 

 

 

 

1

 

Balances as of March 31, 2024

 

 

72,960

 

 

 

(12,185

)

 

 

(53

)

 

 

 

 

Common Stock

 

 

Treasury Stock

 

 

Treasury stock held for deferred compensation

 

Balances as of September 30, 2022

 

 

72,960

 

 

 

(13,207

)

 

 

(139

)

Sales of treasury stock

 

 

 

 

 

270

 

 

 

 

Purchase of treasury stock

 

 

 

 

 

(274

)

 

 

 

Common shares issued for benefit plans

 

 

 

 

 

189

 

 

 

 

Purchases of stock by deferred compensation

 

 

 

 

 

 

 

 

(1

)

Distribution of stock from deferred compensation

 

 

 

 

 

 

 

 

73

 

Balances as of March 31, 2023

 

 

72,960

 

 

 

(13,022

)

 

 

(67

)

 

 

 

 

 

 

 

 

 

 

Balances as of September 30, 2023

 

 

72,960

 

 

 

(13,070

)

 

 

(55

)

Sales of treasury stock

 

 

 

 

 

726

 

 

 

 

Common shares issued for benefit plans

 

 

 

 

 

159

 

 

 

 

Purchases of stock by deferred compensation

 

 

 

 

 

 

 

 

(1

)

Distribution of stock from deferred compensation

 

 

 

 

 

 

 

 

3

 

Balances as of March 31, 2024

 

 

72,960

 

 

 

(12,185

)

 

 

(53

)

Summary of Activity for RSUs

A summary of the activity for RSUs:

 

 

Three Months Ended March 31, 2024

 

 

Six Months Ended March 31, 2024

 

 

 

Number of units

 

 

Weighted-Average Grant Date Fair Value

 

 

Number of units

 

 

Weighted-Average Grant Date Fair Value

 

Beginning balance

 

 

170

 

 

$

96.95

 

 

 

177

 

 

$

93.46

 

Granted

 

 

155

 

 

 

137.76

 

 

 

167

 

 

 

137.33

 

Released

 

 

(5

)

 

 

89.03

 

 

 

(24

)

 

 

86.59

 

Forfeited

 

 

(1

)

 

 

111.78

 

 

 

(1

)

 

 

108.48

 

Ending balance

 

 

319

 

 

$

116.90

 

 

 

319

 

 

$

116.90

 

Stock Options [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Activity for Stock Option Awards

The following is a summary of the activity for stock option awards:

 

 

Three Months Ended March 31, 2024

 

 

Six Months Ended March 31, 2024

 

 

 

Number of options

 

 

Weighted-Average Exercise Price per Share

 

 

Number of options

 

 

Weighted-Average Exercise Price per Share

 

Beginning balance

 

 

4,611

 

 

$

80.99

 

 

 

4,842

 

 

$

80.48

 

Granted

 

 

81

 

 

 

137.76

 

 

 

87

 

 

 

137.36

 

Exercised

 

 

(475

)

 

 

67.93

 

 

 

(710

)

 

 

69.19

 

Forfeited

 

 

(4

)

 

 

91.51

 

 

 

(6

)

 

 

91.84

 

Ending balance

 

 

4,213

 

 

$

83.54

 

 

 

4,213

 

 

$

83.54

 

Changes in Non-vested Stock Options

Changes in non-vested stock options were as follows:

 

 

Three Months Ended March 31, 2024

 

 

Six Months Ended March 31, 2024

 

 

 

Number of options

 

 

Weighted-Average Grant Date Fair Value per Share

 

 

Number of options

 

 

Weighted-Average Grant Date Fair Value Per Share

 

Beginning balance

 

 

858

 

 

$

35.37

 

 

 

1,393

 

 

$

33.96

 

Granted

 

 

81

 

 

 

58.15

 

 

 

87

 

 

 

58.34

 

Vested

 

 

(9

)

 

 

31.78

 

 

 

(549

)

 

 

32.01

 

Forfeited

 

 

(4

)

 

 

35.54

 

 

 

(5

)

 

 

35.24

 

Ending balance

 

 

926

 

 

$

37.40

 

 

 

926

 

 

$

37.40

 

Stock Options Vested, or Expected to Vest and Exercisable

Information about stock options that have vested, or are expected to vest, and are exercisable at March 31, 2024 was as follows:

 

 

Number of options

 

 

Weighted-Average Exercise Price

 

 

Weighted-Average Remaining Life in Years

 

 

Aggregate Intrinsic Value

 

Options outstanding

 

 

4,213

 

 

$

83.54

 

 

 

5.5

 

 

$

297,376

 

Options vested and exercisable

 

 

3,287

 

 

 

79.53

 

 

 

4.8

 

 

 

245,191

 

Options vested and expected to vest

 

 

4,177

 

 

 

83.37

 

 

 

5.5

 

 

 

295,556

 

R
Performance Restricted Stock Units [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Assumptions to Value PSUs Granted

The fair value of the PSUs for the November 2023 grant was determined based upon a Monte Carlo valuation method. The assumptions used in the Monte Carlo method to value the PSUs granted, which includes the grant date fair value outcome from the Monte Carlo method, were as follows:

 

 

March 31, 2024

 

Expected volatility

 

 

30.2

%

Risk free interest rate

 

 

4.5

%

Expected life

 

3 years

 

Grant date fair value

 

$

146.47

 

Summary of Activity for PSUs

A summary of the activity for PSUs:

 

 

Three Months Ended March 31, 2024

 

 

Six Months Ended March 31, 2024

 

 

 

Number of units

 

 

Weighted-Average Grant Date Fair Value

 

 

Number of units

 

 

Weighted-Average Grant Date Fair Value

 

Beginning balance

 

 

66

 

 

$

146.47

 

 

 

 

 

$

 

Granted

 

 

 

 

 

 

 

 

66

 

 

 

146.47

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

 

66

 

 

$

146.47

 

 

 

66

 

 

$

146.47