XML 57 R39.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock-Based Employee Benefit Plans (Tables)
12 Months Ended
Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Assumptions Used to Estimate Fair Value of Stock Options
We used the following assumptions to estimate the fair value of our stock options during fiscal 2018, 2017 and 2016:
 
 
Year Ended September 30,
 
 
2018
 
 
2017
 
 
2016
 
Stock Options:
 
 
 
 
 
 
 
 
Average expected term (years)
4.78
 
 
5.00
 
 
4.83
 
Expected volatility (range)
33.6 - 35.1
%
 
35.3
%
 
35.3 - 36.4
%
Weighted average volatility
34.6
%
 
35.3
%
 
36.0
%
Risk-free interest rate (range)
2.03 - 2.65
%
 
2.02
%
 
1.21 - 1.49
%
Average expected dividend yield
%
 
0.07
%
 
0.09
%
Expected dividend yield (range)
%
 
0.07
%
 
0.09 - 0.10
%
Summary of Option Activity
The following table summarizes option activity during fiscal 2018: 
 
Shares
 
Weighted-
average
Exercise
Price
 
Weighted-
average
Remaining
Contractual
Term
 
Aggregate
Intrinsic Value
 
(In thousands)
 
 
 
(In years)
 
(In thousands)
Outstanding at October 1, 2017
1,230

 
$
56.54

 
 
 
 
Granted
29

 
167.27

 
 
 
 
Exercised
(257
)
 
42.85

 
 
 
 
Forfeited
(6
)
 
88.17

 
 
 
 
Outstanding at September 30, 2018
996

 
$
63.13

 
2.51
 
$
164,716

Exercisable at September 30, 2018
847

 
$
59.10

 
2.31
 
$
143,529

Vested and expected to vest at September 30, 2018
993

 
$
62.97

 
2.50
 
$
164,500

Summary of Restricted Stock Unit and Market Stock Unit Activity
The following table summarizes the RSUs activity during fiscal 2018: 
 
Shares
 
Weighted-average Grant-date Fair Value
 
(In thousands)
 
 
Outstanding at October 1, 2017
1,144

 
$
97.95

Granted
458

 
161.85

Released
(439
)
 
88.21

Forfeited
(50
)
 
115.57

Outstanding at September 30, 2018
1,113

 
$
127.34

The following table summarizes the MSUs activity during fiscal 2018:
 
Shares
 
Weighted- average Grant-date Fair Value
 
(In thousands)
 
 
Outstanding at October 1, 2017
131

 
$
123.82

Granted
102

 
151.78

Released
(119
)
 
113.70

Outstanding at September 30, 2018
114

 
$
159.34

Summary of Performance Stock Unit Activity
The following table summarizes the PSUs activity during fiscal 2018: 
 
Shares
 
Weighted- average Grant-date Fair Value
 
(In thousands)
 
 
Outstanding at October 1, 2017
204

 
$
105.37

Granted
102

 
157.17

Released
(96
)
 
98.15

Outstanding at September 30, 2018
210

 
$
133.76

Assumptions Used to Estimate Fair Value of Market Stock Units
We used the following assumptions to estimate the fair value of our MSUs during fiscal 2018, 2017 and 2016:
 
Year Ended September 30,
 
2018
 
 
2017
 
 
2016
 
 
 
 
 
 
 
 
 
 
Expected volatility in FICO’s stock price
24.6
%
 
27.4
%
 
24.1
%
Expected volatility in Russell 3000 Index
12.7
%
 
13.6
%
 
12.8
%
Correlation between FICO and the Russell 3000 Index
63.1
%
 
59.8
%
 
60.2
%
Risk-free interest rate
1.92
%
 
1.40
%
 
1.25
%
Average expected dividend yield
%
 
0.07
%
 
0.09
%