Annual report pursuant to Section 13 and 15(d)

Share-Based Compensation (Tables)

v3.3.0.814
Share-Based Compensation (Tables)
12 Months Ended
Sep. 30, 2015
Compensation Related Costs [Abstract]  
Schedule of stock-based compensation costs
 
Year Ended September 30,
 
2015
 
2014
 
2013
Stock-based compensation cost
$
12.0

 
$
7.5


$
6.4

Less impact of income tax
4.4

 
2.8


2.3

Stock-based compensation cost, net of tax
$
7.6

 
$
4.7


$
4.1

Summary of assumptions used in determining fair value of options
The following assumptions were used in the determination of fair value:
 
 
Year Ended September 30,
 
2015
 
2014
 
2013
Risk-free interest rate
0.1 - 2.2%

0.1 - 2.8%

0.2 - 1.6%
Weighted-average dividend yield
2.5%

2.8%

3.8%
Weighted-average volatility factor
31.8%

33.5%

34.9%
Exercise factor
33.1%

29.5%

32.1%
Post-vesting termination rate
5.0%

5.0%

5.0%
Expected life (years)
4.6

4.2

4.1
Summary of outstanding stock options
The following tables provide a summary of outstanding stock option awards:
 
 
Number
of Shares
 
Weighted-Average
Exercise Price
Outstanding at September 30, 2014
2,479,367


$
21.52

Granted
360,903


32.66

Exercised
(245,591
)

21.22

Forfeited
(73,283
)

28.01

Expired
(4,264
)

26.29

Outstanding at September 30, 2015
2,517,132


22.95

 
 
 
 
Exercisable at September 30, 2015
1,851,230


20.71

Summary of outstanding restricted stock units
A summary of the unvested stock award activity presented below represents the maximum number of shares that could be earned or vested:
 
 
 
Number of Shares
 
Weighted-Average
Grant Date Fair Value
Time-Based Stock Awards 
 
 
Non-vested time-based stock awards at September 30, 2014
 
119,083


$
25.09

Granted
 
69,073


30.99

Vested
 
(88,372
)

27.95

Forfeited
 
(18,341
)

22.49

Non-vested time-based stock awards at September 30, 2015
 
81,443


27.56

Summary of outstanding performance-based units
 
 
Number of Shares
 
Weighted-Average
Grant Date Fair Value
Performance-Based Stock Awards 
 
 
Non-vested performance-based stock awards at September 30, 2014
 
1,209,318


$
24.22

Granted
 
474,599


33.44

Vested
 
(144,715
)

20.72

Forfeited
 
(603,151
)

21.95

Non-vested performance-based stock awards at September 30, 2015
 
936,051


30.91