Annual report pursuant to Section 13 and 15(d)

Share-Based Compensation (Tables)

v2.4.0.8
Share-Based Compensation (Tables)
12 Months Ended
Sep. 30, 2014
Share-Based Compensation.  
Schedule of stock-based compensation costs

 

 

Year Ended September 30,

 

 

 

2014

 

2013

 

2012

 

Stock-based compensation cost

 

$

7.5 

 

$

6.4 

 

$

8.7 

 

Less impact of income tax

 

2.8 

 

2.3 

 

3.2 

 

Stock-based compensation cost, net of tax

 

$

4.7 

 

$

4.1 

 

$

5.5 

 

 

Summary of assumptions used in determining fair value of options

 

 

Year Ended September 30,

 

 

 

2014

 

2013

 

2014

 

Risk-free interest rate

 

0.1 – 2.8%

 

0.2 – 1.6%

 

0.1 – 2.0%

 

Weighted-average dividend yield

 

2.8%

 

3.8%

 

3.4%

 

Weighted-average volatility factor

 

33.5%

 

34.9%

 

37.4%

 

Exercise factor

 

29.5%

 

32.1%

 

32.9%

 

Post-vesting termination rate

 

5.0%

 

5.0%

 

5.0%

 

Expected life (years)

 

4.2

 

4.1

 

4.2

 

 

Summary of outstanding stock options

 

 

Number

 

Weighted-Average

 

 

 

of Shares

 

Exercise Price

 

Outstanding at September 30, 2013

 

3,045,402

 

$

21.13

 

Granted

 

455,922

 

28.18

 

Exercised

 

(914,113

)

23.15

 

Forfeited

 

(93,292

)

24.69

 

Expired

 

(14,552

)

27.36

 

Outstanding at September 30, 2014

 

2,479,367

 

21.52

 

 

 

 

 

 

 

Exercisable at September 30, 2014

 

1,664,177

 

19.95

 

 

Summary of outstanding restricted stock units

 

 

 

 

 

Weighted-Average

 

 

 

Number of

 

Grant Date

 

Time-Based Stock Awards 

 

Shares

 

Fair Value

 

Non-vested time-based stock awards at September 30, 2013

 

113,074

 

$

20.59

 

Granted

 

99,518

 

29.50

 

Vested

 

(73,865

)

25.33

 

Forfeited

 

(19,644

)

20.67

 

Non-vested time-based stock awards at September 30, 2014

 

119,083

 

25.09

 

 

Summary of outstanding performance-based units

 

 

 

 

Weighted-Average

 

 

 

Number of

 

Grant Date

 

Performance-Based Stock Awards 

 

Shares

 

Fair Value

 

Non-vested performance-based stock awards at September 30, 2013

 

1,406,994

 

$

21.49

 

Granted

 

583,573

 

28.56

 

Vested

 

(98,702

)

22.33

 

Forfeited

 

(682,547

)

22.57

 

Non-vested performance-based stock awards at September 30, 2014

 

1,209,318

 

24.22