EQUITY-BASED INCENTIVE AWARDS (Tables)

3 Months Ended

Dec. 31, 2016

EQUITY-BASED INCENTIVE AWARDS

Schedule of assumptions used in connection with the Black-Scholes option pricing calculation

	Stock Option		Stock Option
	Pricing		Pricing
	Assumptions		Assumptions
	Q1 2017		Q1 2016
Risk-free interest rate	2.12	%	1.98	%
Dividend yield	0.6	%	0.9	%
Expected volatility	22.40	%	24.30	%
Expected life in years	6		6

Summary of stock options activity

		Weighted
	Number	Average
	of	Exercise
	Shares	Price
Outstanding at September 2016	22,800	$	69.79
Granted	6,000		91.65
Exercised	—		—
Forfeited/Expired	—		—
Outstanding at December 2016	28,800	$	74.34

Schedule of nonvested restricted stock units awarded

	Restricted  Stock Units(1)		Restricted  Stock Units(2)		Restricted  Stock Units(3)		Restricted  Stock Units(4)
Date of award:		October 2013		October 2014		October 2015		October 2016
Original number of awards issued:		17,600		13,000		13,250		13,000
Service period:		36 - 60 months		36 months		36 - 60 months		36 months
Estimated fair value of award at grant date:	$	1,486,000	$	1,083,000	$	1,112,000	$	1,191,000
Awards outstanding at December 31, 2016:		1,320		4,334		8,867		13,000
Fair value of non-vested awards at December 31, 2016 of approximately:	$	152,000	$	500,000	$	1,022,000	$	1,499,000

(1)16,280 restricted stock units were vested as of December 2016. The remaining 1,320 restricted stock units will vest in equal amounts in October 2017 and October 2018.

(2)8,666 of the restricted stock units were vested as of December 2016. The remaining 4,334 restricted stock units will vest in October 2017. 

(3)4,383 restricted stock units were vested as of December 2016. 4,333 restricted stock units will vest in October 2017 and 4,334 will vest in October 2018. The remaining 200 restricted stock units will vest in equal annual  amounts in October 2017 through October 2020. 

(4)The 13,000 restricted stock units will vest in equal amounts in October 2017, October 2018, and October 2019.

Summary of restricted stock unit activity

	Number	Weighted
	of	Average
	Shares	Fair Value
Nonvested restricted stocks units at September 2016	28,567	$	90.96
Granted	13,000		91.65
Vested	(14,046)		94.70
Expired	—		—
Nonvested restricted stocks units at December 2016	27,521	$	115.30