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Stock-based Compensation (Tables)
6 Months Ended
Mar. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Fair Values of Options, Black-Scholes Option-Pricing Model, Weighted-Average Assumptions

The fair values of the options granted during the six months ended March 31, 2018 were estimated on the dates of grants using the Black-Scholes option-pricing model with the following weighted-average assumptions:

 

Risk-free interest rate

 

2.10

%

Expected volatility

 

26.43

%

Expected life (in years)

 

5.46

 

Dividend yield

-

 

 

Stock Options Outstanding and Activity During the Period

The following table summarizes all stock option activity for the six months ended March 31, 2018 (in thousands, except share, per share, and time period amounts):

 

 

Options

Outstanding

 

 

Weighted-

Average

Exercise

Price

 

 

Weighted-

Average

Remaining

Contractual

Term (Years)

 

 

Aggregate

Intrinsic

Value1

 

Balance as of September 30, 2017

 

2,084,228

 

 

$

28.84

 

 

 

6.1

 

 

$

46,714

 

Granted

 

276,370

 

 

 

55.17

 

 

 

 

 

 

 

 

 

Exercised

 

(217,397

)

 

 

24.46

 

 

 

 

 

 

 

 

 

Canceled/Forfeited

 

(47,842

)

 

 

41.82

 

 

 

 

 

 

 

 

 

Expired

 

(1,991

)

 

 

15.28

 

 

 

 

 

 

 

 

 

Balance as of March 31, 2018

 

2,093,368

 

 

$

32.48

 

 

 

6.2

 

 

$

43,646

 

Vested and expected to vest after March 31, 2018

 

2,071,674

 

 

$

32.32

 

 

 

6.1

 

 

$

43,510

 

Exercisable as of March 31, 2018

 

1,512,437

 

 

$

27.48

 

 

 

5.2

 

 

$

38,704

 

________________________________

 

1 

Aggregate intrinsic value as represents the difference between the closing fair value of the underlying common stock and the exercise price of outstanding, in-the-money options on the date of measurement.

Stock Option Grants, Vesting, and Exercises

The following table summarizes additional information on stock options for the periods presented (in thousands, except per share amounts):

 

 

Six Months Ended March 31,

 

 

2018

 

 

2017

 

Weighted-average fair value of stock options granted

$

15.86

 

 

$

14.21

 

Total fair value of stock options vested

 

3,832

 

 

 

4,977

 

Total intrinsic value of stock options exercised

 

7,700

 

 

 

7,906

 

 

Restricted Shares and Units Outstanding and Activity During the Period

The following table summarizes all restricted stock unit activity for the six months ended March 31, 2018:

 

 

RSUs

Outstanding

 

 

Weighted-

Average

Grant Date

Fair Value

 

Balance at September 30, 2017

 

770,973

 

 

$

38.95

 

Granted

 

370,190

 

 

 

57.40

 

Performance awards1

 

41,440

 

 

 

39.56

 

Released

 

(189,154

)

 

 

31.63

 

Canceled/Forfeited

 

(35,974

)

 

 

47.65

 

Balance at March 31, 2018

 

957,475

 

 

$

47.23

 

Vested and expected to vest after March 31, 2018

 

936,924

 

 

$

47.10

 

_________________________________

 

1 

Additional restricted stock units outstanding as a result of the satisfaction of a performance vesting condition prior to the ascribed time-based vesting condition (release date).

Schedule Of Restricted Stock Units Additional Information

The following table summarizes additional information on RSUs for the periods presented (in thousands, except per share amounts):

 

 

Six Months Ended March 31,

 

 

2018

 

 

2017

 

Weighted-average fair value of RSUs granted

$

57.40

 

 

$

47.27

 

Total fair value of RSUs vested

 

6,523

 

 

 

2,736

 

Total intrinsic value of RSUs released

 

10,924

 

 

 

3,074