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Stockholders’ Equity (Tables)
6 Months Ended
Mar. 31, 2019
Stockholders’ Equity  
Summary of assumptions used for the valuation of the RSUs with performance and market-based vesting that were granted

 

 

 

 

 

 

 

 

 

 

 

    

 

RSU's granted during the six

 

 

 

 

months ended March 31, 2019

 

 

 

 

 

 

Date of grant

 

 

November 21, 2018

 

Closing average share value (mean)

 

 

$68.56

 

Performance period begins

 

 

October 1, 2018

 

Performance period ends

 

 

September 30, 2021

 

Risk-free interest rate

 

 

2.8%

 

Expected volatility

 

 

34%

 

 

Summary of RSU activity

 

 

 

 

 

 

 

 

 

 

 

Unvested Restricted Stock Units

 

 

    

 

    

Weighted-Average

 

 

 

Number of Shares

 

Grant-Date Fair Value

 

Unvested at September 30, 2018

 

366,460

 

$

52.31

 

Granted

 

217,385

 

 

63.63

 

Vested

 

(131,990)

 

 

50.43

 

Forfeited

 

(22,446)

 

 

52.53

 

Unvested at March 31, 2019

 

429,409

 

$

58.60

 

 

 

 

 

 

 

 

 

 

 

Unvested Restricted Stock Units with Performance Based Vesting

 

 

    

 

    

Weighted-Average

 

 

 

Number of Shares

 

Grant-Date Fair Value

 

Unvested at September 30, 2018

 

635,628

 

$

50.11

 

Granted

 

 —

 

 

 —

 

Vested

 

 —

 

 

 —

 

Forfeited

 

(308,111)

 

 

44.22

 

Unvested at March 31, 2019

 

327,517

 

$

55.65

 

 

 

 

 

 

 

 

 

 

 

Unvested Restricted Stock Units with Performance and Market Based Vesting

 

 

    

 

    

Weighted-Average

 

 

 

Number of Shares

 

Grant-Date Fair Value

 

Unvested at September 30, 2018

 

 —

 

$

 —

 

Granted

 

219,890

 

 

67.40

 

Vested

 

 —

 

 

 —

 

Forfeited

 

(2,534)

 

 

67.40

 

Unvested at March 31, 2019

 

217,356

 

$

67.40

 

 

Schedule of stock-based compensation expense related to stock-based awards

We recorded non-cash compensation expense related to stock-based awards as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

March 31,

 

March 31,

 

 

 

2019

 

2018

 

2019

 

2018

 

Cost of sales

 

$

425

    

$

216

 

$

738

    

$

372

 

Selling, general and administrative

 

 

3,213

 

 

654

 

 

5,620

 

 

2,125

 

 

 

$

3,638

 

$

870

 

$

6,358

 

$

2,497