Annual report pursuant to Section 13 and 15(d)

Share-Based Compensation (Details)

v3.21.2
Share-Based Compensation (Details) - USD ($)
$ / shares in Units, $ in Millions
12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2019
Compensation Related Costs [Abstract]      
Number of shares initially registered and authorized for issuance 12,685,436    
Total number of shares outstanding (in shares) 3,640,286    
Number of shares issued (in shares) 7,715,641    
Number of shares available for future issuance (in shares) 1,329,510    
Stock-based compensation cost $ 19.7 $ 14.0 $ 12.0
Less impact of income tax 4.5 3.2 2.8
Stock-based compensation cost, net of tax 15.2 10.8 $ 9.2
Current tax benefit realized from the exercise of stock options and payment of restricted stock units $ 3.9 $ 1.2  
Time Based Stock Awards      
Assumptions used in the determination of fair value of options      
Expected life 2 years 9 months 29 days 2 years 9 months 25 days 2 years 9 months 29 days
Risk-free interest rate (as a percent) 0.20% 1.60% 2.83%
Weighted-average dividend yield (as a percent) 0.00% 0.00% 0.00%
Actual dividend rate (as a percent) 2.24% 2.63% 1.87%
Weighted-average volatility factor (as a percent) 43.04% 25.61% 21.99%
Weighted average exercise price      
Unrecognized stock-based compensation $ 13.3    
Period for recognition of unrecognized stock-based compensation 2 years 6 months    
Number of shares      
Number of shares outstanding under time-based stock awards and performance-based stock awards at the beginning of the period (in shares) 346,625 68,930  
Granted (in shares) 454,873 338,105  
Vested (in shares) (117,370) (28,741)  
Forfeited (in shares) (66,993) (31,669)  
Number of shares outstanding under time-based stock awards and performance-based stock awards at the end of the period (in shares) 617,135 346,625 68,930
Weighted-Average Grant Date Fair Value      
Non-vested time-based stock awards at the beginning of the period (in dollars per share) $ 32.46 $ 41.19  
Granted (in dollars per share) 39.37 31.21  
Vested (in dollars per share) 32.95 38.15  
Forfeited (in dollars per share) 34.72 32.99  
Non-vested time-based stock awards at the end of the period (in dollars per share) $ 37.21 $ 32.46 $ 41.19
Aggregate fair value $ 26.3    
Time Based Stock Awards and Performance Based Stock Awards      
Time-based stock awards and performance-based stock awards      
Total vest date fair value of vested time-based stock awards and performance-based stock awards shares held by employees and directors $ 11.1 $ 5.5 $ 7.2
Weighted-Average Grant Date Fair Value      
Number of shares under the time-based and performance-based stock awards due to dividend reinvestment (in shares) 49,315    
Aggregate fair value of shares under the time-based and performance-based stock awards plans due to dividend reinvestment $ 2.1    
Vested Deferred Stock      
Vested deferred stock (in shares) 326,552    
Aggregate fair value of vested deferred stock $ 13.9    
Employee Stock Option      
Share-based compensation      
Vesting period   3 years  
Weighted average fair value of options granted (in dollars per share)   $ 6.63 $ 10.15
Assumptions used in the determination of fair value of options      
Expected life   5 years 9 months 18 days 5 years 8 months 12 days
Risk-free interest rate (as a percent)   1.60% 2.90%
Weighted-average dividend yield (as a percent)   2.70% 2.00%
Weighted-average volatility factor (as a percent)   27.90% 27.50%
Number of shares      
Outstanding at the beginning of the period (in shares) 2,436,443 2,137,604  
Granted (in shares) 0 454,929  
Exercised (in shares) (453,059) (58,618)  
Forfeited (in shares) (9,783) (45,255)  
Expired (in shares) (10,651) (52,217)  
Outstanding at the end of the period (in shares) 1,962,950 2,436,443 2,137,604
Exercisable at the end of the period (in shares) 1,566,256    
Weighted average exercise price      
Outstanding at the beginning of the period (in dollars per share) $ 35.00 $ 35.43  
Granted (in dollars per share) 0 31.94  
Exercised (in dollars per share) 28.86 20.91  
Forfeited (in dollars per share) 41.52 36.94  
Expired (in dollars per share) 41.74 39.93  
Outstanding at the end of the period (in dollars per share) 36.35 $ 35.00 $ 35.43
Exercisable at the end of the period (in dollars per share) $ 36.81    
Unrecognized stock-based compensation $ 0.5    
Period for recognition of unrecognized stock-based compensation 9 months 18 days    
Average remaining life of outstanding stock options 5 years 8 months 12 days    
Aggregate intrinsic value of outstanding options $ 13.7    
Average remaining life of the exercisable options 5 years 1 month 6 days    
Aggregate intrinsic value of exercisable options $ 10.4    
Total intrinsic value of options exercised 6.6 $ 0.6 $ 1.4
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares $ 15.9 $ 15.6 $ 15.4
Employee Stock Option | Maximum      
Share-based compensation      
Award expiration term 10 years    
Performance Shares      
Weighted average exercise price      
Unrecognized stock-based compensation $ 7.1    
Period for recognition of unrecognized stock-based compensation 1 year 8 months 12 days    
Number of shares      
Number of shares outstanding under time-based stock awards and performance-based stock awards at the beginning of the period (in shares) 694,295 520,145  
Granted (in shares) 369,138 429,782  
Vested (in shares) (135,569) (114,043)  
Forfeited (in shares) (194,215) (141,589)  
Number of shares outstanding under time-based stock awards and performance-based stock awards at the end of the period (in shares) 733,649 694,295 520,145
Weighted-Average Grant Date Fair Value      
Non-vested time-based stock awards at the beginning of the period (in dollars per share) $ 36.59 $ 46.41  
Granted (in dollars per share) 44.36 33.58  
Vested (in dollars per share) 38.35 53.29  
Forfeited (in dollars per share) 46.88 50.05  
Non-vested time-based stock awards at the end of the period (in dollars per share) $ 37.38 $ 36.59 $ 46.41
Aggregate fair value $ 24.9    
Vested Deferred Stock      
Performance measurement period used to determined shares granted included in performance-based stock awards 3 years