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Share-Based Payments (Tables)
6 Months Ended
Mar. 31, 2015
Share-Based Payments  
Schedule of total compensation cost charged against income

 

 

The following table presents the total compensation cost charged against income and included in selling, general and administrative expenses for all share-based compensation arrangements and the related tax benefits recognized in our consolidated statements of earnings (in thousands):

 

 

 

 

Three Months Ended
March 31,

 

Six Months Ended
March 31,

 

 

 

2015

 

2014

 

2015

 

2014

 

Share-based compensation expense

 

$

2,840 

 

$

3,268 

 

$

10,600 

 

$

11,790 

 

Income tax benefit related to share-based compensation expense

 

$

1,077 

 

$

1,166 

 

$

3,995 

 

$

4,347 

 

 

Summary of activity for stock option awards

 

 

 

Number of
Outstanding
Options (in
Thousands)

 

Weighted
Average
Exercise
Price

 

Weighted
Average
Remaining
Contractual
Term (in
Years)

 

Aggregate
Intrinsic
Value (in
Thousands)

 

Outstanding at September 30, 2014

 

8,983

 

$

15.93

 

6.2

 

$

102,751

 

Granted

 

1,166

 

29.23

 

 

 

 

 

Exercised

 

(4,426

)

11.73

 

 

 

 

 

Forfeited or expired

 

(207

)

25.41

 

 

 

 

 

Outstanding at March 31, 2015

 

5,516

 

$

21.75

 

7.2

 

$

69,586

 

 

 

 

 

 

 

 

 

 

 

Exercisable at March 31, 2015

 

2,244

 

$

15.83

 

5.6

 

$

41,606

 

 

Summary of stock options by range of exercise prices

 

 

 

Options Outstanding

 

Options Exercisable

 

Range of
Exercise Prices

 

Number
Outstanding at
March 31, 2015
(in Thousands)

 

Weighted
Average
Remaining
Contractual
Term (in
Years)

 

Weighted
Average
Exercise
Price

 

Number
Exercisable at
March 31, 2015
(in Thousands)

 

Weighted
Average
Exercise
Price

 

$2.00 – 19.99

 

1,983 

 

5.0 

 

$

13.55 

 

1,595 

 

$

12.17 

 

$20.00 – 30.07

 

3,533 

 

8.5 

 

26.36 

 

649 

 

24.82 

 

Total

 

5,516 

 

7.2 

 

$

21.75 

 

2,244 

 

$

15.83 

 

 

Schedule of weighted average assumptions for valuation of stock options

 

 

 

 

Six months ended
March 31,

 

 

 

2015

 

2014

 

Expected life (in years)

 

5.0 

 

5.0 

 

Expected volatility for the Company’s stock

 

30.9 

%

48.4 

%

Risk-free interest rate

 

1.6 

%

1.3 

%

Dividend yield

 

0.0 

%

0.0 

%

 

Restricted Stock Awards  
Share-Based Payments  
Summary of the activity for restricted stock awards/units

 

Restricted Stock Awards

 

Number of Shares
(in Thousands)

 

Weighted Average
Fair Value Per
Share

 

Weighted Average
Remaining
Vesting Term (in
Years)

 

Unvested at September 30, 2014

 

436

 

$

22.42

 

3.4

 

Granted

 

219

 

29.22

 

 

 

Vested

 

(83

)

14.30

 

 

 

Forfeited

 

(5

)

25.16

 

 

 

Unvested at March 31, 2015

 

567

 

$

26.21

 

3.0

 

 

Restricted Stock Units  
Share-Based Payments  
Summary of the activity for restricted stock awards/units

 

Restricted Stock Units

 

Number of Shares
(in Thousands)

 

Weighted Average
Fair Value Per
Share

 

Weighted Average
Remaining
Vesting Term (in
Years)

 

Unvested at September 30, 2014

 

 

$

 

 

Granted

 

20 

 

29.20 

 

 

 

Vested

 

 

 

 

 

Forfeited

 

 

 

 

 

Unvested at March 31, 2015

 

20 

 

$

29.20 

 

0.5