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Equity-Based Compensation (Tables)
12 Months Ended
Sep. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Historical Activity for Units

A summary of the Company’s historical activity for the Units is presented in the following table:

 

Class B Units

 

Shares

 

Outstanding at January 1, 2017

 

 

7,051,000

 

Granted

 

 

1,304,000

 

Less: Redeemed

 

 

155,000

 

Less: Forfeited

 

 

650,000

 

Outstanding at September 30, 2017

 

 

7,550,000

 

Summary of Stock Options Activity

A summary of the Company’s stock option activity for the year ended September 30, 2019 is presented in the following table:

 

Stock Options

 

Shares

 

 

Weighted

Average

Exercise

Price

 

Outstanding at October 1, 2018

 

 

5,747,000

 

 

$

22.00

 

Grants

 

 

1,291,000

 

 

 

13.88

 

Less: Exercised

 

 

 

 

 

 

Less: Forfeited and expired options

 

 

464,000

 

 

 

20.78

 

Outstanding at September 30, 2019

 

 

6,574,000

 

 

 

20.48

 

Vested and exercisable at September 30, 2019

 

 

2,683,000

 

 

 

22.00

 

Expected to vest after September 30, 2019

 

 

3,891,000

 

 

$

19.44

 

Schedule of Weighted-Average Assumptions Used in Valuation of Unit Awards, Restricted Stock Unit Awards Were Converted and Stock Option Awards Granted or Modified

The weighted-average assumptions used in the valuation of Unit awards, restricted stock into which such Unit awards were converted and stock option awards granted or modified for the years ended September 30, 2019, September 30, 2018 and the nine months ended September 30, 2017 are presented in the table below:

 

 

 

Fiscal Year Ended

 

 

Fiscal Year Ended

 

 

Nine Months Ended

 

 

 

September 30, 2019

 

 

September 30,

2018

 

 

September 30,

2017

 

Assumptions:

 

 

 

 

 

 

 

 

 

 

 

 

Risk-free interest rate

 

 

2.85

%

 

 

2.77

%

 

 

1.37

%

Dividend yield

 

 

 

 

 

 

 

 

 

Volatility factor

 

 

38.85

%

 

 

26.93

%

 

 

46.00

%

Expected term (in years)

 

 

6.3

 

 

 

6.0

 

 

 

2.6