XML 40 R28.htm IDEA: XBRL DOCUMENT v3.3.0.814
Stock-Based Compensation Plans (Tables)
12 Months Ended
Sep. 30, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock-Based Compensation Expenses

The Company’s stock-based compensation expenses for the years ended September 30 were allocated to the following expense categories

 

 

 

2015

 

 

2014

 

 

2013

 

Product costs

 

$

24

 

 

$

16

 

 

$

22

 

Research and development

 

 

226

 

 

 

175

 

 

 

180

 

Selling, general and administrative

 

 

2,131

 

 

 

3,146

 

 

 

2,350

 

Total stock-based compensation expense

 

$

2,381

 

 

$

3,337

 

 

$

2,552

 

 

Assumptions Used in Stock Option Plans

The assumptions used as inputs in the model for the years ended September 30 were as follows:

 

 

 

2015

 

 

2014

 

 

2013

 

Risk-free interest rates

 

 

1.43

%

 

 

1.19

%

 

 

0.60

%

Expected life

 

4.5 years

 

 

4.6 years

 

 

4.8 years

 

Expected volatility

 

 

43

%

 

 

45

%

 

 

49

%

Dividend yield

 

 

0

%

 

 

0

%

 

 

0

%

 

Schedule of Stock Option Activity

The following table summarizes all stock options activity and stock options outstanding and exercisable under the stock option plans during fiscal 2015, 2014 and 2013:

 

 

 

Number of

Shares

 

 

Weighted

Average

Exercise Price

 

Outstanding at September 30, 2012

 

 

1,325,438

 

 

$

21.25

 

Granted

 

 

178,924

 

 

 

20.85

 

Exercised

 

 

(10,273

)

 

 

14.40

 

Forfeited

 

 

(125,105

)

 

 

33.47

 

Outstanding at September 30, 2013

 

 

1,368,984

 

 

 

20.13

 

Granted

 

 

138,837

 

 

 

22.71

 

Exercised

 

 

(190,434

)

 

 

14.42

 

Forfeited

 

 

(106,768

)

 

 

31.26

 

Outstanding at September 30, 2014

 

 

1,210,619

 

 

 

20.35

 

Granted

 

 

164,401

 

 

 

21.24

 

Exercised

 

 

(166,422

)

 

 

14.54

 

Forfeited

 

 

(90,590

)

 

 

35.35

 

Outstanding at September 30, 2015

 

 

1,118,008

 

 

 

20.10

 

Exercisable at September 30, 2015

 

 

797,045

 

 

$

20.04

 

 

Schedule of Restricted Stock Awards Activity

The following table summarizes all restricted stock awards activity during fiscal 2015, 2014 and 2013:

 

 

 

Number of

Shares

 

 

Weighted

Average

Grant Price

 

Balance at September 30, 2012

 

 

4,000

 

 

$

22.11

 

Vested

 

 

5,234

 

 

 

23.88

 

Forfeited

 

 

(4,000

)

 

 

22.11

 

Balance at September 30, 2013

 

 

5,234

 

 

 

23.88

 

Granted

 

 

22,155

 

 

 

22.67

 

Vested

 

 

(7,991

)

 

 

23.98

 

Forfeited

 

 

(774

)

 

 

22.58

 

Balance at September 30, 2014

 

 

18,624

 

 

 

22.45

 

Granted

 

 

18,073

 

 

 

21.84

 

Vested

 

 

(7,606

)

 

 

22.28

 

Forfeited

 

 

(1,316

)

 

 

22.16

 

Balance at September 30, 2015

 

 

27,775

 

 

$

22.12

 

 

Schedule of Fair Value at the Date of Grant

The aggregate number of shares that could be awarded to key employees if the minimum, target and maximum performance goals are met, based upon the fair value at the date of grant is as follows:

 

Performance Period

 

Minimum Shares

 

 

Target Shares

 

 

Maximum Shares

 

Fiscal 2013 – 2015

 

 

8,551

 

 

 

42,753

 

 

 

85,506

 

Fiscal 2014 - 2016

 

 

7,861

 

 

 

39,303

 

 

 

78,606

 

Fiscal 2015 – 2017

 

 

8,440

 

 

 

42,199

 

 

 

84,398