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Stockholders' Equity (Tables)
12 Months Ended
Sep. 30, 2017
Stockholders' Equity [Abstract]  
Stock Option Activity
Information related to the equity incentive plans as of the fiscal year end is as follows:
 
 
 
2017
  
2016
 
 
 
Number of
Shares
(in thousands)
  
Weighted
Average
Exercise Price
  
Number of
Shares
(in thousands)
  
Weighted
Average
Exercise Price
 
Options outstanding, beginning of period
  
11,716
  
$
21.44
   
11,351
  
$
17.71
 
Options granted
  
1,820
   
49.53
   
2,805
   
30.27
 
Options exercised
  
(2,562
)
  
12.07
   
(2,061
)
  
12.57
 
Options forfeited or cancelled
  
(214
)
  
33.52
   
(379
)
  
23.37
 
Options outstanding, end of period
  
10,760
  
$
28.18
   
11,716
  
$
21.44
 
 
                
Option price range at end of period
 
$
3.04-49.53
      
$
3.04-45.62
     
Options exercisable at end of period
  
4,108
       
4,573
     
Options available for grant at period end
  
2,875
       
4,695
     
Weighted average fair value of options granted during period
 
$
15.52
      
$
8.68
     
Valuation Assumptions Used for Options Granted
The fair value for options granted has been estimated at the date of grant using a Black-Scholes model, generally with the following weighted average assumptions:
 
 
2017
 
2016
 
2015
 
Risk-free interest rate
  
2.2
%
  
1.2
%
  
1.6
%
Dividend yield
  
0.00
%
  
0.00
%
  
0.00
%
Volatility factor
  
.26
   
.26
   
.30
 
Expected option life
7 years
 
7 years
 
7 years
 
Options Outstanding
The following table summarizes information about the options outstanding as of fiscal 2017:
 
Range of
Exercise Prices
  
Number
Outstanding
(in thousands)
  
Intrinsic Value
of Outstanding
(in millions)
 
Weighted Remaining Contractual Life
 
Weighted
Exercise Price
  
Number
Exercisable
(in thousands)
  
Intrinsic Value
of Exercisable
(in millions)
  
Unrecognized
Compensation
(in millions)
 
Weighted
Recognition Period
$
3.04-49.53
   
10,760
  
$
306
 
7 years
 
$
28.18
   
4,108
  
$
146
  
$
35
 
2 years