Stock-Based Employee Benefit Plans (Tables)

12 Months Ended

Sep. 30, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Assumptions Used to Estimate Fair Value of Stock Options

We used the following assumptions to estimate the fair value of our stock options during fiscal 2015, 2014 and 2013:

	Year Ended September 30,
	2015		2014		2013
Stock Options:
Average expected term (years)	4.18		4.04		4.10
Expected volatility (range)	34.5 - 35.3	%	34.6 - 35.6	%	35.3 - 36.9	%
Weighted average volatility	34.6	%	35.1	%	36.6	%
Risk-free interest rate (range)	1.33 - 1.48	%	0.76 - 1.16	%	0.51 - 1.07	%
Average expected dividend yield	0.14	%	0.16	%	0.20	%
Expected dividend yield (range)	0.11 - 0.14	%	0.16 - 0.17	%	0.18 - 0.20	%

Summary of Option Activity

The following table summarizes option activity during fiscal 2015:

	Shares		Weighted- average Exercise Price		Weighted- average Remaining Contractual Term	Aggregate Intrinsic Value
	(In thousands)				(In years)	(In thousands)
Outstanding at October 1, 2014	2,089		$	36.24
Granted	552		73.37
Exercised	(545	)	33.46
Forfeited	(72	)	41.47
Outstanding at September 30, 2015	2,024		$	46.94	4.31	$	76,075
Options exercisable at September 30, 2015	1,005		$	35.51	3.44	$	49,230
Vested and expected to vest at September 30, 2015	1,918		$	46.06	4.26	$	73,769

Summary of Restricted Stock Unit and Market Stock Unit Activity

The following table summarizes the RSUs activity during fiscal 2015:

	Shares		Weighted-average Grant-date Fair Value
	(In thousands)
Outstanding at October 1, 2014	1,440		$	46.68
Granted	544		73.93
Released	(513	)	43.55
Forfeited	(152	)	52.09
Outstanding at September 30, 2015	1,319		$	58.51

The following table summarizes the MSUs activity during fiscal 2015:

	Shares		Weighted- average Grant-date Fair Value
	(In thousands)
Outstanding at October 1, 2014	88		$	68.47
Granted	83		101.85
Released	(24	)	68.47
Forfeited	(18	)	78.27
Outstanding at September 30, 2015	129		$	88.65

Summary of Performance Stock Unit Activity

The following table summarizes the PSUs activity during fiscal 2015:

	Shares		Weighted- average Grant-date Fair Value
	(In thousands)
Outstanding at October 1, 2014	381		$	47.19
Granted	82		71.86
Released	(135	)	45.58
Forfeited	(47	)	56.14
Outstanding at September 30, 2015	281		$	53.70

Assumptions Used to Estimate Fair Value of Market Stock Units

We used the following assumptions to estimate the fair value of our MSUs during fiscal 2015 and 2014:

	Year Ended September 30,
	2015		2014
Expected volatility in FICO’s stock price	26.6	%	33.9	%
Expected volatility in Russell 3000 Index	12.2	%	17.3	%
Correlation between FICO and the Russell 3000 Index	55.9	%	68.0	%
Risk-free interest rate	1.10	%	0.68	%
Average expected dividend yield	0.14	%	0.16	%