Share Based Payments (Tables)

3 Months Ended

Dec. 31, 2012

Share-Based Payments [Abstract]

Restricted stock activity

The transactions for restricted stock for the three months ended December 31, 2012 were as follows:

				Weighted-
				average
				grant-date
	Shares			fair value
Non-vested at September 30, 2012		551,389		$	32.56
Granted		227,580			24.92
Vested		(72,210	)		37.31
Expired or forfeited		(40,591	)		30.77
Non-vested at December 31, 2012		666,168			29.55

Stock option activity

The transactions for shares under options for the quarter ended December 31, 2012 were as follows:

						Weighted-
				Weighted-		average		Aggregate
				average		remaining		intrinsic
	Shares			exercise price		contractual term		value
Outstanding, September 30, 2012		840,282		$	37.15
Granted		-			-
Exercised		(21,440	)		22.12
Expired or forfeited		(9,284	)		34.62
Outstanding, December 31, 2012		809,558			37.58		2.9	$	-
Exercisable, December 31, 2012		456,854			36.68		2.6	$	-

Non-vested options activity

The transactions for non-vested options for the quarter ended December 31, 2012 were as follows:

				Weighted-average
				grant-date
Non-vested shares	Shares			fair value
Non-vested at September 30, 2012		355,872		$	11.35
Granted		-			-
Vested		-			-
Expired or forfeited		(3,168	)		10.91
Non-vested at December 31, 2012		352,704			11.35

Assumptions used in estimating fair value

The fair value of each restricted stock grant is estimated on the date of grant using a binomial lattice valuation model.  The following table indicates the assumptions used in estimating fair value of restricted stock granted during the periods ended December 31, 2012 and 2011.

	Three Months Ended December 31,
	2012			2011
Expected volatility		29.5	%		30.4	%
Dividend yield		1.2	%		1.0	%
Average risk free interest rate		0.6	%		0.9	%
Average expected term (years)		2.0			2.0