Stock-Based Employee Benefit Plans (Tables)

12 Months Ended

Sep. 30, 2016

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 2016, 2015 and 2014:

	Year Ended September 30,
	2016		2015		2014
Stock Options:
Average expected term (years)	4.83		4.18		4.04
Expected volatility (range)	35.3 - 36.4	%	34.5 - 35.3	%	34.6 - 35.6	%
Weighted average volatility	36.0	%	34.6	%	35.1	%
Risk-free interest rate (range)	1.21 - 1.49	%	1.33 - 1.48	%	0.76 - 1.16	%
Average expected dividend yield	0.09	%	0.14	%	0.16	%
Expected dividend yield (range)	0.09 - 0.10	%	0.11 - 0.14	%	0.16 - 0.17	%

Summary of Option Activity

The following table summarizes option activity during fiscal 2016:

	Shares		Weighted- average Exercise Price		Weighted- average Remaining Contractual Term	Aggregate Intrinsic Value
	(In thousands)				(In years)	(In thousands)
Outstanding at October 1, 2015	2,024		$	46.94
Granted	36		94.84
Exercised	(521	)	34.25
Forfeited	(18	)	50.29
Outstanding at September 30, 2016	1,521		$	52.37	3.79	$	109,873
Exercisable at September 30, 2016	985		$	44.92	3.24	$	78,461
Vested and expected to vest at September 30, 2016	1,497		$	52.04	3.77	$	108,573

Summary of Restricted Stock Unit and Market Stock Unit Activity

The following table summarizes the RSUs activity during fiscal 2016:

	Shares		Weighted-average Grant-date Fair Value
	(In thousands)
Outstanding at October 1, 2015	1,319		$	58.51
Granted	575		94.77
Released	(526	)	52.47
Forfeited	(157	)	69.52
Outstanding at September 30, 2016	1,211		$	76.93

The following table summarizes the MSUs activity during fiscal 2016:

	Shares		Weighted- average Grant-date Fair Value
	(In thousands)
Outstanding at October 1, 2015	129		$	88.65
Granted	114		100.63
Released	(101	)	85.65
Outstanding at September 30, 2016	142		$	100.40

Summary of Performance Stock Unit Activity

The following table summarizes the PSUs activity during fiscal 2016:

	Shares		Weighted- average Grant-date Fair Value
	(In thousands)
Outstanding at October 1, 2015	281		$	53.70
Granted	105		91.74
Released	(156	)	49.36
Outstanding at September 30, 2016	230		$	73.99

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 2016, 2015 and 2014:

	Year Ended September 30,
	2016		2015		2014
Expected volatility in FICO’s stock price	24.1	%	26.6	%	33.9	%
Expected volatility in Russell 3000 Index	12.8	%	12.2	%	17.3	%
Correlation between FICO and the Russell 3000 Index	60.2	%	55.9	%	68.0	%
Risk-free interest rate	1.25	%	1.10	%	0.68	%
Average expected dividend yield	0.09	%	0.14	%	0.16	%