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Share-Based Payments (Tables)
12 Months Ended
Sep. 30, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of total compensation cost charged against income

The following table presents total compensation cost for all share-based compensation arrangements, and the related income tax benefits recognized in our consolidated statement of earnings (in thousands):

 

 

 

Fiscal Year Ended September 30,

 

 

 

2020

 

 

2019

 

 

2018

 

Share-based compensation expense

 

$

8,426

 

 

$

9,180

 

 

$

10,519

 

Income tax benefit related to share-based

   compensation expense

 

$

2,059

 

 

$

2,357

 

 

$

3,013

 

 

Summary of activity for performance based unit awards assuming 100% payout

 

Performance Awards

 

Number

of Shares

(in Thousands)

 

 

Weighted

Average Fair

Value Per

Share

 

Unvested at September 30, 2019

 

 

411

 

 

$

18.83

 

Granted

 

 

259

 

 

 

16.65

 

Vested

 

 

 

 

 

 

Forfeited

 

 

(128

)

 

 

21.91

 

Unvested at September 30, 2020

 

 

542

 

 

$

17.06

 

 

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, 2019

 

 

4,902

 

 

$

22.08

 

 

 

5.8

 

 

$

670

 

Granted

 

 

1,027

 

 

 

16.65

 

 

 

 

 

 

 

 

 

Exercised

 

 

(205

)

 

 

14.53

 

 

 

 

 

 

 

 

 

Forfeited or expired

 

 

(986

)

 

 

23.58

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2020

 

 

4,738

 

 

$

20.92

 

 

 

6.2

 

 

$

-

 

Exercisable at September 30, 2020

 

 

3,509

 

 

$

22.32

 

 

 

5.3

 

 

$

-

 

 

Schedule of weighted average assumptions for valuation of stock options using the Black-Scholes option pricing model

 

 

 

Fiscal Year Ended September 30,

 

 

 

2020

 

 

2019

 

 

2018

 

Expected life (in years)

 

 

5.0

 

 

 

5.0

 

 

 

5.0

 

Expected volatility for the Company’s common

   stock

 

 

35.8

%

 

 

30.5

%

 

 

27.4

%

Risk-free interest rate

 

 

1.7

%

 

 

3.0

%

 

 

2.1

%

Dividend yield

 

 

0.0

%

 

 

0.0

%

 

 

0.0

%

 

Restricted Stock Awards  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of the activity for restricted stock awards/units

 

Restricted Stock Awards

 

Number

of Shares

(in Thousands)

 

 

Weighted

Average

Fair Value

Per Share

 

Unvested at September 30, 2019

 

 

262

 

 

$

17.53

 

Granted

 

 

357

 

 

 

16.05

 

Vested

 

 

(149

)

 

 

17.51

 

Forfeited

 

 

(51

)

 

 

17.18

 

Unvested at September 30, 2020

 

 

419

 

 

$

16.32

 

 

Restricted Stock Units  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of the activity for restricted stock awards/units

 

Restricted Stock Units

 

Number

of Shares

(in Thousands)

 

 

Weighted

Average

Fair Value

Per Share

 

Unvested at September 30, 2019

 

 

 

 

$

 

Granted

 

 

108

 

 

 

16.49

 

Vested

 

 

 

 

 

 

Forfeited

 

 

(17

)

 

 

16.65

 

Unvested at September 30, 2020

 

 

91

 

 

$

16.47