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Stock-Based Compensation (Tables)
3 Months Ended
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation Expense

The following table reflects stock-based compensation expense recorded during the three months ended December 31, 2017 and 2016 (in thousands):

 

 

 

 

 

 

 

 

 

 

Three Months Ended December 31, 

 

 

    

2017

    

2016

 

Restricted stock

 

$

4,602

 

$

2,365

 

Employee stock purchase plan

 

 

207

 

 

133

 

Total stock-based compensation expense

 

$

4,809

 

$

2,498

 

 

Restricted Stock Unit Activity

The following table reflects restricted stock units granted during the three months ended December 31, 2017 and 2016:

 

 

 

 

 

 

 

 

 

 

 

    

 

    

Time-Based

    

 

    

Performance-

 

 

Total Units

 

Units

 

Stock Grants

 

Based Units

Three months ended December 31, 2017

 

471,151

  

190,266

  

546

  

280,339

Three months ended December 31, 2016

 

951,266

  

362,113

  

815

  

588,338

 

 

The following table summarizes restricted stock unit activity for the three months ended December 31, 2017:

 

 

 

 

 

 

 

    

 

    

Weighted

 

 

 

 

Average 

 

 

 

 

Grant-Date 

 

 

Shares

 

Fair Value

Outstanding at September 30, 2017

 

2,474,011

 

$

12.34

Granted

 

471,151

 

 

34.25

Vested

 

(586,352)

 

 

12.42

Forfeited

 

(14,737)

 

 

16.48

Outstanding at December 31, 2017

 

2,344,073

 

$

16.75