Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation

v2.4.0.8
Share-Based Compensation
3 Months Ended
Dec. 31, 2013
Share-Based Compensation.  
Share-Based Compensation

11.       Share-Based Compensation

 

 

 

Three Months Ended

 

 

 

December 31,

 

 

 

2013

 

2012

 

 

 

 

 

 

 

Share-based compensation cost

 

$

1.7

 

$

4.5

 

Less impact of income tax

 

0.6

 

1.6

 

Share-based compensation cost, net of tax

 

$

1.1

 

$

2.9

 

 

During the first quarter of fiscal 2014, we made the following grants:

 

 

 

Number of
Units

 

Stock options

 

449,706

 

Time-based stock awards

 

22,891

 

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

 

575,782

 

 

Stock options granted had a weighted-average exercise price of $28.16 and a weighted-average grant date fair value of $6.95.  Our time-based stock awards and performance-based stock awards had a weighted-average grant date fair value of $28.39 and $28.49.  Included in the performance-based stock awards granted in the first quarter of fiscal 2014 are 185,278 units whose payout level is based upon the Company’s total shareholder return as it relates to the performance of companies in its compensation peer group over a three-year measurement period.  These units will be expensed on a straight-line basis over the measurement period.