Stock-Based and Other Compensation Arrangements (Tables)

12 Months Ended

Sep. 30, 2015

Stock-Based and Other Compensation Arrangements

Summary of options activity

The following table sets forth the summary of options activity under the Plans (dollars in thousands except per share data):

					Weighted
					Average
			Weighted		Remaining
			Average		Contractual	Aggregate
	Number		Exercise		Life	Intrinsic
	of Shares		Price		(in years)	Value(1)
Options outstanding at September 30, 2014	2,638,256		$	10.54	5.80	$	19,589
Granted	1,017,160		$	16.45
Exercised	(156,118	)	$	5.26
Forfeited options	(257,280	)	$	17.56
Options outstanding at September 30, 2015	3,242,018		$	12.09	5.15	$	8,954
Options exercisable at September 30, 2015	2,613,334		$	10.77	4.27	$	8,954

(1) Aggregate intrinsic value is calculated based on the difference between our closing stock price at year end and the exercise price, multiplied by the number of in-the-money options and represents the pre-tax amount that would have been received by the option holders, had they all exercised all their options on the fiscal year end date.

Schedule of restricted share activity

			Weighted
			Average
	Shares		Fair Value
Outstanding at September 30, 2014	165,403		$	18.18
Granted(1)	546,074		16.05
Vested	(248,002	)	16.22
Forfeited	(92,080	)	17.35
Outstanding at September 30, 2015	371,395		$	16.56

(1) Under the terms of their respective restricted stock award agreements, holders of restricted stock have the same voting rights as common stock shareholders; such rights exist even if the shares of restricted stock have not vested.

Schedule of weighted average assumptions

	2015		2014		2013
Expected life (in years)	5.93		6.00		5.97
Volatility	38.51	%	45.00	%	46.50	%
Risk free interest rate	1.87	%	1.72	%	1.04	%
Dividend yield	—		—		—