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Employee Stock Plans (Tables)
12 Months Ended
Sep. 30, 2016
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Changes in Outstanding Options Granted Under Equity Incentive Plans

The following table summarizes the changes in outstanding options granted under the Company’s equity incentive plan:

 

 

2016

 

 

2015

 

 

2014

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Weighted

 

 

 

Shares

 

 

Average

 

 

Shares

 

 

Average

 

 

Shares

 

 

Average

 

 

 

Subject to

 

 

Exercise

 

 

Subject to

 

 

Exercise

 

 

Subject to

 

 

Exercise

 

 

 

Option

 

 

Price

 

 

Option

 

 

Price

 

 

Option

 

 

Price

 

 

Outstanding,

   beginning of year

 

1,363,921

 

 

$

68.23

 

 

 

1,367,793

 

 

$

60.23

 

 

 

1,829,488

 

 

$

51.08

 

 

Granted

 

221,200

 

 

 

90.16

 

 

 

203,200

 

 

 

107.34

 

 

 

207,200

 

 

 

97.61

 

 

Exercised

 

(112,790

)

 

 

48.61

 

 

 

(182,322

)

 

 

50.94

 

 

 

(618,645

)

 

 

45.16

 

 

Forfeited/cancelled

 

(73,375

)

 

 

89.91

 

 

 

(24,750

)

 

 

74.73

 

 

 

(50,250

)

 

 

66.65

 

 

Outstanding,

   end of year

 

1,398,956

 

 

$

72.14

 

 

 

1,363,921

 

 

$

68.23

 

 

 

1,367,793

 

 

$

60.23

 

 

Exercisable,

   end of year

 

922,706

 

 

$

61.09

 

 

 

826,496

 

 

$

55.63

 

 

 

752,943

 

 

$

50.36

 

 

 

Stock Activity Related to Stock Options Exercised

The table below presents stock activity related to stock options exercised in fiscal 2016 and 2015:

 

In Thousands

 

 

2016

 

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

Proceeds from stock options exercised

 

 

$

8,175

 

 

$

11,420

 

 

Tax benefits related to stock options exercised

 

 

 

406

 

 

 

1,869

 

 

Intrinsic value of stock options exercised

 

 

 

3,195

 

 

 

10,861

 

 

 

Stock Options Outstanding

 

The following table summarizes information for stock options outstanding at September 30, 2016:

 

 

Options Outstanding

 

 

Options Exercisable

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

Weighted

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Remaining

 

 

Average

 

 

 

 

 

 

Average

 

 

Range of Exercise Prices

Shares

 

Life (years)

 

 

Price

 

 

Shares

 

 

Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$   23.66 - 50.00

 

200,771

 

 

2.8

 

 

$

39.95

 

 

 

200,771

 

 

$

39.95

 

 

     50.01 - 52.00

 

189,575

 

 

4.4

 

 

 

51.06

 

 

 

189,575

 

 

 

51.06

 

 

     52.01 - 65.00

 

321,660

 

 

3.7

 

 

 

60.63

 

 

 

300,310

 

 

 

60.63

 

 

     65.01 - 80.00

 

190,350

 

 

7.1

 

 

 

73.16

 

 

 

93,100

 

 

 

70.37

 

 

     80.01 - 100.00

 

313,550

 

 

8.0

 

 

 

94.83

 

 

 

87,225

 

 

 

94.37

 

 

   100.01 - 118.32

 

183,050

 

 

8.0

 

 

 

109.57

 

 

 

51,725

 

 

 

109.72

 

 

 

Summary of Changes in RSUs Granted Under Company's Equity Incentive Plan

The following table summarizes the changes in RSUs granted under the Company’s equity incentive plan:

 

 

2016

 

 

2015

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Grant Date

 

 

 

 

 

 

Grant Date

 

 

 

Shares

 

 

Fair Value

 

 

Shares

 

 

Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-vested, beginning of year

 

117,281

 

 

$

85.95

 

 

 

103,971

 

 

$

80.01

 

 

Granted

 

37,000

 

 

 

84.70

 

 

 

28,150

 

 

 

105.34

 

 

Vested

 

(48,053

)

 

 

75.35

 

 

 

(12,740

)

 

 

79.84

 

 

Forfeited/cancelled

 

(6,450

)

 

 

94.58

 

 

 

(2,100

)

 

 

88.99

 

 

Non-vested, end of year

 

99,778

 

 

$

90.04

 

 

 

117,281

 

 

$

85.95

 

 

 

Summary of Activity in Target PSP Shares Granted Under Equity Incentive Plan

The following table summarizes the activity in the target PSP shares granted under the Company’s equity incentive plan:

 

 

2016

 

 

2015

 

 

 

 

 

 

 

 

 

 

 

Non-vested, beginning of year

 

34,700

 

 

 

-

 

 

Granted

 

56,275

 

 

 

36,800

 

 

Vested

 

-

 

 

 

-

 

 

Forfeited/cancelled

 

(1,700

)

 

 

(2,100

)

 

Non-vested, end of year

 

89,275

 

 

 

34,700

 

 

 

Stock Options  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Fair Value of Option Granted using Black-Scholes Pricing Model

 

 

2016

 

2015

 

2014

 

 

 

 

 

 

 

 

Volatility

33.06 - 40.52%

 

40.73 - 41.89%

 

41.87 - 43.17%

 

Risk-free interest rate

1.61 - 2.24%

 

1.43 - 2.00%

 

1.73 - 2.99%

 

Expected life (years)

5 - 9

 

5 - 9

 

5 - 9

 

Dividends

0

 

0

 

0

 

 

Restricted Stock Units  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Stock Activity Related to Stock Options Exercised

The table below presents stock activity related to restricted stock units vested in fiscal 2016 and 2015:

 

In Thousands

 

 

2016

 

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax benefits related to restricted stock units vested

 

 

$

162

 

 

$

104

 

 

Intrinsic value of restricted stock units vested

 

 

 

3,847

 

 

 

912

 

 

 

Employee Share-save Scheme  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Fair Value of Option Granted using Black-Scholes Pricing Model

 

 

2016

 

 

2015

 

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Volatility

 

33.21

%

 

 

25.80

%

 

 

33.69

%

 

Risk-free interest rate

 

1.19

%

 

 

0.93

%

 

 

0.73

%

 

Expected life (years)

3

 

 

3

 

 

3

 

 

Dividends

0

 

 

0

 

 

0