Share-Based Compensation

6 Months Ended

Mar. 31, 2014

11. Share-Based Compensation

	Three Months Ended				Six Months Ended
	March 31,				March 31,
	2014		2013		2014		2013

Share-based compensation costs	$	3.4	$	1.5	$	5.1	$	6.0
Less income tax benefit	1.3		0.6		1.9		2.2
Share-based compensation costs, net of tax	$	2.1	$	0.9	$	3.2	$	3.8

During the six months ended March 31, 2014, we made the following grants:

		Number of Units
Stock options		449,828
Time-based stock awards		59,294
Performance-based stock awards (maximum that can be earned)		574,600

Stock options granted had a weighted-average exercise price of $28.16 and a weighted-average grant date fair value of $6.97. Our time-based stock awards and performance-based stock awards had a weighted-average grant date fair value of $29.26 and $28.55. Included in the performance-based stock awards granted during 2014 are 185,327 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.

During the second quarter of 2014, we increased the shares issuable under the stock compensation plans by 3,900,000.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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