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SHARE-BASED COMPENSATION
3 Months Ended
Dec. 31, 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 three months ended December 31, 2016 and 2015 is as follows:
 
Three Months Ended December 31,
(In thousands, except average service periods)
2016
 
2015
Share-based compensation recognized
$
3,655

 
$
2,371

Unrecognized compensation cost, net of estimated forfeitures
26,666

 
25,940

Remaining weighted-average service period (years)
2.0

 
2.3



Restricted Stock Units

During the three months ended December 31, 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 three months ended December 31, 2016 is as follows:
 
Number of Shares (000s)
 
Weighted Average Fair Value
Unvested as of October 1, 2016
1,515

 
$
21.96

Granted
1,099

 
7.83

Vested
(144
)
 
54.01

Forfeited
(36
)
 
27.72

Unvested as of December 31, 2016
2,434

 
13.73



Performance Units
During the three months ended December 31, 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 three months ended December 31, 2016 is as follows:
 
 
Number of Shares (000s)
 
Weighted Average Fair Value
Unvested as of October 1, 2016
426

 
$
26.69

Granted
360

 
8.50

Vested
(47
)
 
53.55

Forfeited
(16
)
 
53.55

Unvested as of December 31, 2016
723

 
15.29



Stock Options
A summary of stock option activity for the three months ended December 31, 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, 2016
617

 
$
35.47

 
3.4

 
$
(16,533
)
Granted

 

 

 

Exercised

 

 

 

Forfeited

 

 

 

Expired
(53
)
 
24.99

 

 
(633
)
Outstanding as of December 31, 2016
564

 
36.46

 
3.5

 
(13,159
)
Exercisable as of December 31, 2016
564

 
36.46

 
3.5

 
(13,159
)