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Stock-Based Compensation
 6 Months Ended
Mar. 31, 2012
Stock-Based Compensation [Abstract]  
Stock-Based Compensation

(11)      Stock-Based Compensation

 

            Stock-based compensation expenses for restricted share awards totaled $1,454 and $945 for the six months ended March 31, 2012 and 2011, respectively.  The total income tax benefit recognized in the unaudited consolidated statements of income related to stock-based compensation was $539 and $350 during the first half of fiscal 2012 and 2011, respectively.

 

            Restricted Share Awards

 

            Restricted share transactions during the six months ended March 31, 2012 were as follows:

 

 

Number of

Restricted

Share

Awards

(in thousands)

 

Weighted-

Average

Fair Value

Outstanding at October 1, 2011

86 

 

$

61.61 

Granted

75 

 

 

51.57 

Vested

(12)

 

 

60.84  

Forfeited

(3)

 

 

60.75 

Outstanding at March 31, 2012

146 

 

$

56.53 

 

            The per share weighted average fair value of restricted shares, including restricted stock and performance shares, granted during the six months ended March 31, 2012 and 2011 was $51.57 and $63.39, respectively.  As of March 31, 2012, unrecognized compensation expense related to restricted share awards totaled $5,769 and is expected to be recognized over a weighted average period of 5.85 years.  The total fair value of shares vested during the six months ended March 31, 2012 and 2011 was $709 and $227, respectively.

 

            Stock Options

 

            A summary of stock option activity during the six months ended March 31, 2012 is presented below:

 

 

Number of

Options

(in thousands)

 

Weighted-

Average

Exercise Price

 

Weighted-

Average

Remaining

Contractual

Term (Years)

 

Aggregate

Intrinsic

Value

(in thousands)

Outstanding at October 1, 2011

90 

 

$

45.23 

 

 

 

 

 

Exercised

(3)

 

 

43.35 

 

 

 

 

 

Outstanding at March 31, 2012

87 

 

 

45.29 

 

2.7 

 

$

673 

Exercisable at March 31, 2012

87 

 

$

45.29 

 

2.7 

 

$

673 

 

            The Company has not granted stock options subsequent to fiscal 2005.  As of March 31, 2012, all outstanding stock options were vested and compensation expense related to stock options was recognized in prior fiscal years.  The intrinsic value of options exercised totaled $34 and $59 during the first half of fiscal 2012 and 2011, respectively.  The total income tax benefit recognized in the unaudited consolidated statements of income related to the exercise of stock options was $13 and $22 during the six months ended March 31, 2012 and 2011, respectively.