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Stock-Based Compensation (Notes)
3 Months Ended
Dec. 31, 2013
Stock-Based Compensation [Abstract]  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
Share-Based Compensation
Share-based compensation expense is included in ‘compensation and benefits’ in the condensed consolidated income statements and totaled $1.1 million and $1.6 million for the three months ended December 31, 2013 and 2012, respectively.
Stock Option Plan
The Company sponsors a stock option plan for its directors, officers, employees and consultants. The 2013 Stock Option Plan, which was approved by the Company’s Board of Directors and shareholders, authorizes the Company to issue stock options covering up to 1.0 million shares of the Company’s common stock. As of December 31, 2013, there were 1.0 million shares available for future grant under this plan. The Company settles stock option exercises with newly issued shares of common stock. There were no options granted during the three months ended December 31, 2013.
The following is a summary of stock option activity for the three months ended December 31, 2013:
 
Shares
Available for
Grant
 
Number of
Options
Outstanding
 
Weighted
Average Price
 
Weighted
Average
Grant Date
Fair Value
 
Weighted
Average
Remaining
Term
(in years)
 
Aggregate
Intrinsic
Value
($ millions)
Balances as of September 30, 2013
1,000,000

 
1,779,983

 
$
24.76

 
$
11.44

 
4.87
 
$
4.8

Granted

 

 
$

 
$

 
 
 
 
Exercised
 
 
(44,920
)
 
$
12.05

 
$
6.22

 
 
 
 
Forfeited

 

 
$

 
$

 
 
 
 
Expired

 
(32,647
)
 
$
50.64

 
$
14.27

 
 
 
 
Balances as of December 31, 2013
1,000,000

 
1,702,416

 
$
24.60

 
$
11.52

 
4.81
 
$
3.3

Exercisable as of December 31, 2013
 
 
761,103

 
$
23.91

 
$
9.75

 
1.73
 
$
3.3


The total compensation cost not yet recognized for non-vested awards of $9.5 million as of December 31, 2013 has a weighted-average period of 6.31 years over which the compensation expense is expected to be recognized. Compensation expense is amortized on a straight-line basis over the vesting period. The total intrinsic value of options exercised during the three months ended December 31, 2013 and 2012 was $0.6 million and $0.5 million, respectively.
Restricted Stock Plan
The Company sponsors a restricted stock plan for its directors, officers and employees. As of December 31, 2013, 1,138,250 shares were authorized for future grant under the 2012 Restricted Stock Plan. Awards that expire or are canceled generally become available for issuance again under the plan. The Company utilizes newly issued shares of common stock to make restricted stock grants.
The following is a summary of restricted stock activity for the three months ended December 31, 2013:
 
Shares
Available for
Grant
 
Number of
Shares
Outstanding
 
Weighted
Average
Grant Date
Fair Value
 
Weighted
Average
Remaining
Term
(in years)
 
Aggregate
Intrinsic
Value
($ millions)
Balances as of September 30, 2013
1,154,862

 
363,638

 
$
20.53

 
1.74
 
$
7.4

Granted
(47,423
)
 
47,423

 
$
20.35

 
 
 
 
Vested
 
 
(102,581
)
 
$
19.76

 
 
 
 
Forfeited
30,811

 
(54,447
)
 
$
21.68

 
 
 
 
Balances as of December 31, 2013
1,138,250

 
254,033

 
$
20.55

 
2.01
 
$
4.7


The total compensation cost not yet recognized of $4.1 million as of December 31, 2013 has a weighted-average period of 2.04 years over which the compensation expense is expected to be recognized. Compensation expense is amortized on a straight-line basis over the vesting period. Restricted stock grants are included in the Company’s total issued and outstanding common shares.