Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation

v2.4.0.6
Share-Based Compensation
9 Months Ended
Jun. 30, 2012
Share-Based Compensation  
Share-Based Compensation

12.         Share-Based Compensation

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

 

 

 

 

 

 

 

 

 

 

Share-based compensation

 

$

0.2

 

$

2.3

 

$

7.1

 

$

8.5

 

Less income tax benefit

 

0.1

 

0.8

 

2.6

 

3.2

 

Share-based compensation, net of tax

 

$

0.1

 

$

1.5

 

$

4.5

 

$

5.3

 

 

The decrease in share-based compensation expense from the prior year for both the three and nine-month periods ending June 30, 2012 was driven by a decline in operating results in the current year.

 

During the nine months ended June 30, 2012, we made the following grants:

 

 

 

Number of
Units

 

Stock options

 

546,642

 

Time-based stock awards

 

65,162

 

Performance-based stock awards (maximum that can be earned)

 

700,560

 

 

Stock options granted had a weighted-average exercise price of $22.37 and a weighted-average grant date fair value of $5.88 for the nine-month period ended June 30, 2012. Our time-based stock awards and performance-based stock awards had a weighted-average grant date fair value of $23.04 and $22.34 for the nine-month period ended June 30, 2012.