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EQUITY-BASED INCENTIVE AWARDS: (Tables)
12 Months Ended
Sep. 30, 2015
EQUITY-BASED INCENTIVE AWARDS  
Schedule of assumptions used in connection with the Black-Scholes option pricing calculation

                                                                                                                                                                                    

 

 

Stock Option
Pricing
Assumptions
2015

 

Risk-free interest rate

 

 

1.93 

%

Dividend yield

 

 

0.9 

%

Expected volatility

 

 

22.70 

%

Expected life in years

 

 

 

 

Schedule of stock options issued and outstanding by grant year

 

Stock options issued and outstanding at September 2015 are summarized as follows:

                                                                                                                                                                                    

 

 

 

 

 

 

 

 

 

 

Exercisable

 

 

 

Exercise
Price

 

Number
Outstanding

 

Remaining
Weighted-Average
Contractual Life

 

Weighted-Average
Exercise Price

 

Number
Exercisable

 

Weighted-Average
Exercise Price

 

Fiscal 2010

 

$51.50

 

 

3,500 

 

4.58 years

 

$

51.50 

 

 

3,500 

 

$

51.50 

 

Fiscal 2012

 

$53.80 - $65.97

 

 

4,900 

 

6.09 years

 

$

55.15 

 

 

2,700 

 

$

55.04 

 

Fiscal 2013

 

$62.33

 

 

6,700 

 

7.07 years

 

$

62.33 

 

 

2,900 

 

$

62.33 

 

Fiscal 2015

 

$81.03

 

 

6,000 

 

9.33 years

 

$

81.03 

 

 

 

 

 

​  

​  

​  

​  

 

 

 

 

 

21,100 

 

 

 

$

64.16 

 

 

9,100 

 

$

56.03 

 

​  

​  

​  

​  

​  

​  

​  

​  

 

Summary of stock options activity

                                                                                                                                                                                    

 

 

Number of
Shares

 

Weighted
Average
Exercise
Price

 

Outstanding at September 2014

 

 

41,600

 

$

33.69

 

Granted

 

 

6,000

 

$

81.03

 

Exercised

 

 

(26,500

)

$

20.14

 

Forfeited/Expired

 

 

 

 

 

​  

​  

Outstanding at September 2015

 

 

21,100

 

$

64.16

 

​  

​  

​  

​  

 

Schedule of nonvested restricted stock units awarded

                                                                                                                                                                                    

 

 

Restricted Stock Units(1)

 

Restricted Stock Units(2)

 

Restricted Stock Units(3)

Date of award:

 

October 2012

 

October 2013

 

October - December 2014

Original number of awards issued:

 

15,000

 

17,600

 

13,000

Service period:

 

36 months

 

36 - 60 months

 

36 months

Estimated fair value of award at grant date:

 

$935,000

 

$1,486,000

 

$1,083,000

Awards outstanding at September 2015

 

5,000

 

11,977

 

13,000

Fair value of non-vested awards at September 2015:

 

$400,000

 

$958,000

 

$1,040,000


 

 

(1)          

10,000 of the restricted stock units were vested as of September 2015. The remaining 5,000 will vest in October 2015.

(2)          

5,623 of the restricted stock units were vested as of September 2015. 9,337 restricted stock units will vest in equal amounts in October 2015, and October 2016. The remaining 2,640 restricted stock units will vest in equal amounts in October 2015, October 2016, October 2017, and October 2018.

(3)          

13,000 restricted stock units will vest in equal amounts in October 2015, October 2016, and October 2017.

 

Summary of restricted stock unit activity

                                                                                                                                                                                    

 

 

Number of
Shares

 

Weighted
Average
Fair Value

 

Nonvested restricted stock units at September 2014

 

 

32,900

 

$

84.75

 

Granted

 

 

13,000

 

$

83.30

 

Vested

 

 

(15,923

)

$

82.93

 

Expired

 

 

 

 

 

​  

​  

Nonvested restricted stock units at September 2015

 

 

29,977

 

$

80.00

 

​  

​  

​  

​