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Stock-Based Compensation (Tables)
9 Months Ended
Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation Expense

The following table reflects stock-based compensation expense recorded during the three and nine months ended June 30, 2018 and 2017 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 

 

Nine Months Ended June 30, 

 

 

    

2018

    

2017

    

2018

    

2017

    

Restricted stock

 

$

4,636

 

$

4,044

 

$

14,335

 

$

10,634

 

Employee stock purchase plan

 

 

234

 

 

153

 

 

664

 

 

447

 

Total stock-based compensation expense

 

$

4,870

 

$

4,197

 

$

14,999

 

$

11,081

 

 

Restricted Stock Unit Activity

The following table reflects restricted stock units granted during the nine months ended June 30, 2018 and 2017:

 

 

 

 

 

 

 

 

 

 

 

    

 

    

Time-Based

    

 

    

Performance-

 

 

Total Units

 

Units

 

Stock Grants

 

Based Units

Nine months ended June 30, 2018

 

528,075

  

208,097

  

35,356

  

284,622

Nine months ended June 30, 2017

 

1,008,570

  

377,213

  

43,019

  

588,338

 

 

The following table summarizes restricted stock unit activity for the nine months ended June 30, 2018:

 

 

 

 

 

 

 

    

 

    

Weighted

 

 

 

 

Average 

 

 

 

 

Grant-Date 

 

 

Shares

 

Fair Value

Outstanding at September 30, 2017

 

2,474,011

 

$

12.34

Granted

 

528,075

 

 

33.31

Vested

 

(724,339)

 

 

12.76

Forfeited

 

(66,128)

 

 

16.77

Outstanding at June 30, 2018

 

2,211,619

 

 

17.13