XML 24 R13.htm IDEA: XBRL DOCUMENT v3.5.0.2
Share-Based Compensation
 9 Months Ended
Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Share-Based Compensation
SHARE-BASED COMPENSATION
A summary of our share-based compensation expense during the nine months ended June 30, 2016 and 2015 is as follows:
 
Nine Months Ended June 30,
(In thousands, except average service periods)
2016
 
2015
Share-based compensation recognized
$
8,224

 
$
9,277

Unrecognized compensation cost, net of estimated forfeitures
18,085

 
19,416

Remaining weighted-average service period (years)
1.9

 
2.1



Restricted Stock Units

During the nine months ended June 30, 2016, we granted to certain employees and our non-employee directors, restricted stock units that are subject to vesting conditions. The grant date fair value of these awards was based on the fair value of our common stock on the date of grant. A summary of our restricted stock activity for the nine months ended June 30, 2016 is as follows:
 
Number of Shares (000s)
 
Weighted Average Fair Value
Unvested as of October 1, 2015
711

 
$
43.14

Granted
1,091

 
13.20

Vested
(192
)
 
45.60

Forfeited
(91
)
 
31.20

Unvested as of June 30, 2016
1,519

 
22.07



Performance Units
During the nine months ended June 30, 2016, we granted to certain employees share-based awards that are subject to market-based performance conditions ("Performance Units"). The grant date fair value of these performance units was determined through use of the Monte Carlo simulation method. A summary of Performance Units stock activity for the nine months ended June 30, 2016 is as follows:
 
 
Number of Shares (000s)
 
Weighted Average Fair Value
Unvested as of October 1, 2015
240

 
$
43.73

Granted
254

 
15.63

Vested
—

 
—

Forfeited
(68
)
 
45.20

Unvested as of June 30, 2016
426

 
26.69



Stock Options
A summary of stock option activity for the nine months ended June 30, 2016 is as follows:
 
Number of
Options
(000s)
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Aggregate
Intrinsic
Value  (000s)
Outstanding as of October 1, 2015
685

 
$
34.90

 
 
 
 
Granted
—

 
—

 
 
 
 
Exercised
—

 
—

 
 
 
—

Forfeited
—

 
—

 
 
 
 
Expired
(49
)
 
30.85

 
 
 
 
Outstanding as of June 30, 2016
636

 
35.22

 
3.6
 
(14,427
)
Exercisable as of June 30, 2016
636

 
35.22

 
3.6
 
(14,427
)