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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Sep. 30, 2015
STOCK-BASED COMPENSATION  
Summary of compensation cost for stock-based payment arrangements recognized in general and administrative expense

 

                                                                                                                                                                                    

 

 

September 30,

 

 

 

2015

 

2014

 

2013

 

 

 

(in thousands)

 

Compensation expense

 

 

 

 

 

 

 

 

 

 

Stock options

 

$

8,846 

 

$

11,268 

 

$

11,512 

 

Restricted stock

 

 

16,349 

 

 

15,435 

 

 

11,759 

 

​  

​  

​  

​  

​  

​  

 

 

$

25,195 

 

$

26,703 

 

$

23,271 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

        

Summary of weighted-average assumptions utilized in determining the fair value of options granted

 

                                                                                                                                                                                    

 

 

2015

 

2014

 

2013

 

Risk-free interest rate

 

 

1.7 

%

 

1.6 

%

 

0.7 

%

Expected stock volatility

 

 

36.9 

%

 

52.6 

%

 

53.9 

%

Dividend yield

 

 

3.9 

%

 

3.1 

%

 

1.1 

%

Expected term (in years)

 

 

5.5 

 

 

5.5 

 

 

5.5 

 

        

Summary of stock option activity

The following summary reflects the stock option activity for our common stock and related information for fiscal 2015, 2014 and 2013 (shares in thousands):

                                                                                                                                                                                    

 

 

2015

 

2014

 

2013

 

 

 

Options

 

Weighted-Average
Exercise Price

 

Options

 

Weighted-Average
Exercise Price

 

Options

 

Weighted-Average
Exercise Price

 

Outstanding at October 1,

 

 

2,629

 

$

43.46

 

 

3,991

 

$

34.12

 

 

4,690

 

$

29.56

 

Granted

 

 

420

 

 

68.83

 

 

261

 

 

79.67

 

 

365

 

 

54.18

 

Exercised

 

 

(255

)

 

28.46

 

 

(1,613

)

 

26.08

 

 

(1,057

)

 

20.68

 

Forfeited/Expired

 

 

(18

)

 

66.78

 

 

(10

)

 

68.82

 

 

(7

)

 

52.32

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Outstanding on September 30,

 

 

2,776

 

$

48.51

 

 

2,629

 

$

43.46

 

 

3,991

 

$

34.12

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Exercisable on September 30,

 

 

2,014

 

$

41.62

 

 

1,884

 

$

35.93

 

 

3,063

 

$

28.48

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Shares available to grant

 

 

2,515

 

 

 

 

 

3,432

 

 

 

 

 

4,116

 

 

 

 

        

Summary of information about outstanding and exercisable stock options

The following table summarizes information about stock options at September 30, 2015 (shares in thousands):

                                                                                                                                                                                    

 

 

Outstanding Stock Options

 

Exercisable Stock Options

 

Range of Exercise Prices

 

Options

 

Weighted-Average
Remaining Life

 

Weighted-Average
Exercise Price

 

Options

 

Weighted-Average
Exercise Price

 

$21.065 to $38.015

 

 

1,198 

 

 

2.5 

 

$

30.13 

 

 

1,197 

 

$

30.13 

 

$47.29 to $59.76

 

 

911 

 

 

6.3 

 

$

54.85 

 

 

650 

 

$

54.25 

 

$68.83 to $79.67

 

 

667 

 

 

8.8 

 

$

72.85 

 

 

167 

 

$

74.83 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

$21.065 to $79.67

 

 

2,776 

 

 

5.3 

 

$

48.51 

 

 

2,014 

 

$

41.62 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

        

Summary of restricted stock awards and changes in restricted stock outstanding

A summary of the status of our restricted stock awards as of September 30, 2015, and of changes in restricted stock outstanding during the fiscal years ended September 30, 2015, 2014 and 2013, is as follows (shares in thousands):

                                                                                                                                                                                    

 

 

2015

 

2014

 

2013

 

 

 

Shares

 

Weighted-Average
Grant Date Fair
Value per Share

 

Shares

 

Weighted-Average
Grant Date Fair
Value per Share

 

Shares

 

Weighted-Average
Grant Date Fair
Value per Share

 

Outstanding at October 1,

 

 

634

 

$

64.03

 

 

576

 

$

55.17

 

 

430

 

$

52.52

 

Granted

 

 

275

 

 

68.83

 

 

230

 

 

79.67

 

 

307

 

 

54.18

 

Vested (1)

 

 

(214

)

 

60.80

 

 

(157

)

 

54.08

 

 

(155

)

 

45.88

 

Forfeited

 

 

(27

)

 

64.45

 

 

(15

)

 

67.92

 

 

(6

)

 

54.67

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Outstanding on September 30

 

 

668

 

$

67.03

 

 

634

 

$

64.03

 

 

576

 

$

55.17

 


 

 

 

(1)          

The number of restricted stock awards vested includes shares that we withheld on behalf of our employees to satisfy the statutory tax withholding requirements.