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Stock-Based Employee Benefit Plans | 3 Months Ended
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Dec. 31, 2020
Share-based Payment Arrangement [Abstract] |
Stock-Based Employee Benefit Plans | Stock-Based Employee Benefit Plans We maintain the 2012 Long-Term Incentive Plan (the “2012 Plan”) under which we grant equity awards, including stock options, stock appreciation rights, restricted stock awards, stock unit awards and other stock-based awards. All employees, consultants and advisors of FICO or any subsidiary, as well as all non-employee directors, are eligible to receive awards under the 2012 Plan. Stock option awards have a maximum term of seven years. In general, stock option awards and restricted stock unit awards not subject to market or performance conditions vest annually over four years. Restricted stock unit awards subject to market or performance conditions generally vest annually over three years based on the achievement of specified criteria. We maintain the 2019 Employee Stock Purchase Plan (the “2019 Purchase Plan”) under which we are authorized to issue up to 1,000,000 shares of our common stock to eligible employees. Employees have up to 15% of their eligible pay withheld through payroll deductions to purchase FICO common stock during semi-annual offering periods. The purchase price of the stock is 85% of the closing sales price of FICO common stock on the last trading day of each offering period. Offering period means the approximately six-month long periods commencing (a) on the first trading day on or after September 1 and terminating on the last trading day in the following February, and (b) on the first trading day on or after March 1 and terminating on the last trading day in the following August. Stock Options The following table summarizes option activity during the quarter ended December 31, 2020:
| Shares |  | Weighted-average Exercise Price |  | Weighted-average Remaining Contractual Term |  | Aggregate Intrinsic Value
| (In thousands) |  |  |  | (In years) |  | (In thousands)
Outstanding at September 30, 2020 | 246 |  |  | $ | 166.80 |  |  |  |  |
Granted | 12 |  |  | 506.91 |  |  |  |  |
Outstanding at December 31, 2020 | 258 |  |  | $ | 182.79 |  |  | 3.75 |  | $ | 84,688 |
Exercisable at December 31, 2020 | 188 |  |  | $ | 140.06 |  |  | 3.05 |  | $ | 69,796 |
Vested or expected to vest at December 31, 2020 | 255 |  |  | $ | 180.76 |  |  | 3.72 |  | $ | 84,191 |
Restricted Stock Units The following table summarizes restricted stock unit activity during the quarter ended December 31, 2020:
| Shares |  | Weighted-average Grant-date Fair Value
| (In thousands) |  |
Outstanding at September 30, 2020 | 721 |  |  | $ | 229.10 |
Granted | 159 |  |  | 506.38 |
Released | (273) |  |  | 187.57 |
Forfeited | (19) |  |  | 241.04 |
Outstanding at December 31, 2020 | 588 |  |  | $ | 323.15 |
Performance Share Units The following table summarizes performance share unit activity during the quarter ended December 31, 2020:
| Shares |  | Weighted-average Grant-date Fair Value
| (In thousands) |  |
Outstanding at September 30, 2020 | 127 |  |  | $ | 248.97 |
Granted | 33 |  |  | 506.91 |
Released | (68) |  |  | 217.36 |
Outstanding at December 31, 2020 | 92 |  |  | $ | 366.08 |
Market Share Units The following table summarizes market share unit activity during the quarter ended December 31, 2020:
| Shares |  | Weighted-average Grant-date Fair Value
| (In thousands) |  |
Outstanding at September 30, 2020 | 63 |  |  | $ | 311.91 |
Granted | 67 |  |  | 471.16 |
Released | (67) |  |  | 257.15 |
Outstanding at December 31, 2020 | 63 |  |  | $ | 541.41 |
Employee Stock Purchase Plan As the 2019 Purchase Plan has semi-annual offering periods with shares purchased on the last trading day in the months of February and August, no shares were purchased during the quarter ended December 31, 2020.

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- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 + Details
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