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Stock-based Compensation (Tables)
6 Months Ended
Mar. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Fair Value of Stock Options, Black-Scholes Option-Pricing Model, Weighted-Average Assumptions

The fair value of the stock options granted during the six months ended March 31, 2019 were estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:

Risk-free interest rate

 

3.00

%

Expected volatility

 

29.35

%

Expected life (in years)

 

5.18

 

Dividend yield

 

-

 

Stock Options Outstanding and Activity During the Period

The following table summarizes all stock option activity for the six months ended March 31, 2019 (in thousands, except share, per share, and time period amounts):

 

Options

Outstanding

 

 

Weighted-

Average

Exercise

Price

 

 

Weighted-

Average

Remaining

Contractual

Term (Years)

 

 

Aggregate

Intrinsic

Value1

 

Balance as of September 30, 2018

 

1,969,037

 

 

$

33.08

 

 

 

5.7

 

 

$

14,088

 

Granted

 

611,031

 

 

 

27.31

 

 

 

 

 

 

 

 

 

Exercised

 

(87,554

)

 

 

17.80

 

 

 

 

 

 

 

 

 

Canceled/Forfeited

 

(40,525

)

 

 

39.22

 

 

 

 

 

 

 

 

 

Expired

 

(950

)

 

 

12.25

 

 

 

 

 

 

 

 

 

Balance as of March 31, 2019

 

2,451,039

 

 

$

32.10

 

 

 

6.4

 

 

$

11,615

 

Vested and expected to vest after March 31, 2019

 

2,402,609

 

 

$

32.09

 

 

 

6.3

 

 

$

11,424

 

Exercisable as of March 31, 2019

 

1,586,518

 

 

$

30.88

 

 

 

4.9

 

 

$

8,462

 

________________________________________________________________

1 

Aggregate intrinsic value represents the difference between the closing fair value of the underlying common stock and the exercise price of outstanding, in-the-money options on the date of measurement.

Stock Option Grants, Vesting, and Exercises

The following table summarizes additional information on stock options for the periods presented (in thousands, except per share amounts):

 

Six Months Ended March 31,

 

 

2019

 

 

2018

 

Weighted-average fair value of stock options granted

$

8.77

 

 

$

15.86

 

Total grant date fair value of stock options vested

 

3,735

 

 

 

3,832

 

Total intrinsic value of stock options exercised

 

1,360

 

 

 

7,700

 

Restricted Shares and Units Outstanding and Activity During the Period

The following table summarizes all restricted stock unit activity for the six months ended March 31, 2019:

 

RSUs

Outstanding

 

 

Weighted-Average Grant Date Fair Value

 

Balance as of September 30, 2018

 

934,023

 

 

$

47.00

 

Granted

 

669,579

 

 

 

27.77

 

Released

 

(371,189

)

 

 

40.63

 

Canceled/Forfeited

 

(86,445

)

 

 

46.88

 

Balance as of March 31, 2019

 

1,145,968

 

 

$

37.83

 

Vested and expected to vest after March 31, 2019

 

1,072,948

 

 

$

37.62

 

 

Schedule Of Restricted Stock Units Additional Information

The following table summarizes additional information on RSUs for the periods presented (in thousands, except per share amounts):

 

Six Months Ended March 31,

 

 

2019

 

 

2018

 

Weighted-average fair value of RSUs granted

$

27.77

 

 

$

57.40

 

Total grant date fair value of RSUs vested

 

15,920

 

 

 

6,523

 

Total intrinsic value of RSUs released

 

11,319

 

 

 

10,924