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EQUITY-BASED INCENTIVE AWARDS: (Tables)
12 Months Ended
Sep. 30, 2014
EQUITY-BASED INCENTIVE AWARDS:  
Schedule of assumptions used in connection with the Black-Scholes option pricing calculation

 

 

 

Stock Option
Pricing
Assumptions

 

 

 

2013

 

Risk-free interest rate

 

 

1.46 

%

Dividend yield

 

 

1.10 

%

Expected volatility

 

 

25.00 

%

Expected life in years

 

 

 

 

Schedule of stock options issued and outstanding by grant year

 

 

 

 

 

 

 

 

 

 

 

Exercisable

 

 

 

Exercise
Price

 

Number
Outstanding

 

Remaining
Weighted-Average
Contractual Life

 

Weighted-Average
Exercise Price

 

Number
Exercisable

 

Weighted-Average
Exercise Price

 

Fiscal 2007

 

$18.00

 

 

25,000 

 

2.20 years

 

$

18.00 

 

 

25,000 

 

$

18.00 

 

Fiscal 2010

 

$51.50

 

 

4,000 

 

5.58 years

 

$

51.50 

 

 

3,000 

 

$

51.50 

 

Fiscal 2012

 

$53.80 - $65.97

 

 

5,400 

 

7.09 years

 

$

54.93 

 

 

1,800 

 

$

55.15 

 

Fiscal 2013

 

$62.33

 

 

7,200 

 

8.07 years

 

$

62.33 

 

 

1,400 

 

$

62.33 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

41,600 

 

 

 

$

33.69 

 

 

31,200 

 

$

25.35 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of stock options activity

 

 

 

Number
of
Shares

 

Weighted
Average
Exercise
Price

 

Outstanding at September 2013

 

 

45,000

 

$

35.28

 

Granted

 

 

 

 

 

Exercised

 

 

(2,600

)

 

53.87

 

Forfeited/Expired

 

 

(800

)

 

57.78

 

 

 

 

 

 

 

Outstanding at September 2014

 

 

41,600

 

$

33.69

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of nonvested restricted stock units awarded

 

 

 

Restricted Stock Units(1)

 

Restricted Stock Units(2)

 

Restricted Stock Units(3)

Date of award:

 

October 26, 2011

 

October 23, 2012

 

October 22, 2013

Original number of awards issued:

 

15,900

 

15,000

 

17,600

Service period:

 

36 months

 

36 months

 

36 - 60 months

Estimated fair value of award at grant date:

 

$855,000

 

$935,000

 

$1,486,000

Awards outstanding at September 2014

 

5,300

 

10,000

 

17,600

Fair value of non-vested awards at September 2014:

 

$449,000

 

$848,000

 

$1,492,000


(1)

10,600 of the restricted stock units were vested as of September 2014. The remaining 5,300 restricted stock units will vest on October 25, 2014.

(2)

5,000 of the restricted stock units were vested as of September 2014. The remaining 10,000 will vest in equal amounts on October 23, 2014, and October 23, 2015

(3)

14,000 restricted stock units will vest in equal amounts on October 22, 2014, October 22, 2015, and October 22, 2016. The remaining 3,600 restricted stock units will vest in equal amounts on October 22, 2014, October 22, 2015, October 22, 2016, October 22, 2017, and October 22, 2018.

 

Summary of restricted stock unit activity

 

 

 

Number
of
Shares

 

Weighted
Average
Fair Value

 

Nonvested restricted stock units at September 2013

 

 

29,600

 

$

81.89

 

Granted

 

 

17,900

 

$

83.03

 

Vested

 

 

(14,300

)

$

80.67

 

Expired

 

 

(300

)

$

81.75

 

 

 

 

 

 

 

 

Nonvested restricted stock units at September 2014

 

 

32,900

 

$

84.75