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Stock-based Compensation (Tables)
12 Months Ended
Sep. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Fair Values of Options, Black-Scholes Option-Pricing Model, Weighted-Average Assumptions

The fair values of the options granted for the year ended September 30, 2019 were estimated on the dates of grants using the Black-Scholes option-pricing model with the following weighted-average assumptions:

 

 

Year Ended September 30,

 

 

 

2019

 

 

2018

 

 

2017

 

Risk-free interest rate

 

 

2.86

%

 

 

2.10

%

 

 

1.97

%

Expected volatility

 

 

29.68

%

 

 

26.43

%

 

 

28.83

%

Expected life (in years)

 

 

5.22

 

 

 

5.46

 

 

 

5.30

 

Dividend yield

 

 

-

 

 

 

-

 

 

 

-

 

Stock Options Outstanding and Activity During the Period

The following table summarizes all stock option activity for the periods presented (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

 

674,015

 

 

 

27.67

 

 

 

 

 

 

 

 

 

Exercised

 

(183,347

)

 

 

18.08

 

 

 

 

 

 

 

 

 

Canceled/Forfeited

 

(117,108

)

 

 

35.18

 

 

 

 

 

 

 

 

 

Expired

 

(3,108

)

 

 

26.74

 

 

 

 

 

 

 

 

 

Balance as of September 30, 2019

 

2,339,489

 

 

$

32.61

 

 

 

6.1

 

 

$

12,034

 

Vested and expected to vest after September 30, 2019

 

2,305,869

 

 

$

32.62

 

 

 

6.1

 

 

$

11,870

 

Exercisable as of September 30, 2019

 

1,484,158

 

 

$

31.54

 

 

 

4.5

 

 

$

8,343

 

___________________________________________________________________________

1 Aggregate intrinsic value as 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):

 

Year Ended September 30,

 

 

2019

 

 

2018

 

 

2017

 

Weighted-average fair value of stock options granted

$

8.91

 

 

$

15.86

 

 

$

14.21

 

Total grant date fair value of stock options vested

 

3,850

 

 

 

4,208

 

 

 

5,541

 

Total intrinsic value of stock options exercised

 

2,849

 

 

 

9,645

 

 

 

10,941

 

Restricted Shares and Units Outstanding and Activity During the Period

The following table summarizes all restricted stock unit activity for the periods presented:

 

RSUs

Outstanding

 

 

Weighted-Average Grant Date Fair Value

 

Balance as of September 30, 2018

 

934,023

 

 

$

47.00

 

Granted

 

722,531

 

 

 

28.02

 

Released

 

(375,084

)

 

 

40.65

 

Canceled/Forfeited

 

(158,112

)

 

 

42.92

 

Balance as of September 30, 2019

 

1,123,358

 

 

$

37.48

 

Vested and expected to vest after September 30, 2019

 

908,892

 

 

$

39.41

 

Schedule Of Restricted Stock Units Additional Information

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

 

Year Ended September 30,

 

 

2019

 

 

2018

 

 

2017

 

Weighted-average fair value of RSUs granted

$

28.02

 

 

$

57.40

 

 

$

47.31

 

Total grant date fair value of RSUs vested

 

16,087

 

 

 

6,656

 

 

 

4,562

 

Total intrinsic value of RSUs released

 

11,460

 

 

 

11,041

 

 

 

6,079