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Stock Option and Incentive Plan (Tables)
12 Months Ended
Sep. 30, 2022
Disclosure of Stock Option and Incentive Plan [Abstract]  
Summary of Option Activity
The following table summarizes information about options to purchase the Company
s ordinary shares, as well as changes during the fiscal year ended September 30, 2022:
 
 
  
Number of
Share
Options
 
  
Weighted Average
Exercise Price
 
Outstanding as of October 1, 2021
     3,988      $ 61.00  
Granted
     —          —    
Exercised
     (1,431      57.93  
Forfeited
     (116 )      64.15  
  
 
 
 
  
Outstanding as of September 30, 2022(1)
     2,441      $ 62.66  
  
 
 
 
  
Exercisable as of September 30, 2022(1)
     1,598      $ 61.17  
  
 
 
 
  
 
(1)
As of September 30, 202
2
, the weighted average remaining contractual life of outstanding and exercisable options was 5.85
 
and 5.31
 
years, respectively.
Summary of Restricted Stock and Restricted Stock Units Activity
The following tables summarize information relating to awards of restricted stock and restricted stock units, as well as changes during the fiscal year ended September 30, 2022: 
Restricted stock:
 
 
  
Number of
Shares
 
  
Weighted Average
Grant Date Fair
Value
 
Outstanding as of October 1, 2021
     1,366      $ 66.57  
Granted
     1,080        73.71  
Vested
     (539 )      65.86  
Forfeited
     (133 )      70.59  
 
  
 
 
 
  
     
Outstanding as of September 30, 2022
     1,774      $ 70.83  
 
  
 
 
 
  
     
Restricted stock units:
 
 
  
Number of
Stock Units
 
  
Weighted Average
Grant Date Fair
Value
 
Outstanding as of October 1, 2021
  
 
221
 
  
$
69.35
 
Granted
  
 
325
 
  
 
72.31
 
Vested
  
 
(77
  
 
68.83
 
Forfeited
  
 
(24
  
 
71.26
 
 
  
 
 
 
  
     
Outstanding as of September 30, 2022
  
 
445
 
  
$
71.50
 
 
  
 
 
 
  
     
Employee Equity-Based Compensation Pre-Tax Expense
Employee equity-based compensation
pre-tax
expense for the years ended September 30, 2022, 2021 and 2020 was as follows:
 
 
  
Year Ended September 30,
 
 
  
2022
 
  
2021
 
  
2020
 
Cost of revenue
   $ 32,096      $ 22,691      $ 20,005  
Research and development
     5,631        4,021        3,058  
Selling, general and administrative
     34,080        27,537        19,371  
 
  
 
 
 
  
 
 
 
  
 
 
 
Total
   $ 71,807      $ 54,249      $ 42,434  
 
  
 
 
 
  
 
 
 
  
 
 
 
Assumptions Used in Calculating Fair Value of Options
The fair value of options granted was estimated on the date of grant using the Black-Scholes pricing model with the assumptions noted in the following table (all in weighted averages for options granted during the year):
 
 
  
Year Ended September 30*,
 
 
  
        2021        
 
 
        2020        
 
Risk-free interest rate(1)
     0.30     1.41
Expected life of stock options(2)
     4.50       4.50  
Expected volatility(3)
     21.3     17.3
Expected dividend yield(4)
     2.22     1.75
Fair value per option
   $ 7.82     $ 8.85  
 
*
There were no options grants during fiscal year 2022.
(1)
Risk-free interest rate is based upon U.S. Treasury yield curve appropriate for the term of the Company’s employee stock options.
(2)
Expected life of stock options is based upon historical experience.
(3)
Expected volatility is based on blended volatility.
(4)
Expected dividend yield is based on the Company’s history and future expectation of dividend payouts.