XML 72 R49.htm IDEA: XBRL DOCUMENT v3.24.3

Share-Based Compensation (Tables)

12 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Fair Value Estimated at Grant Date Based on Black-Scholes-Merton Option-Pricing Model Using Weighted-Average Assumptions

Fair value is estimated at the grant date based on a Black-Scholes-Merton option-pricing model using the following weighted-average assumptions:

			Year Ended September 30,
			2024						2023						2022
Expected stock price volatility			38		%				42		%				39		%
Expected dividend yield			—		%				—		%				—		%
Risk free interest rate			2.21		%				1.60		%				1.54		%
Average expected life (in years)			6.32						4.25						5.21

Schedule of Stock Option Activity

The following is a summary of stock option activity for the year ended September 30, 2024:

			Number of Options Outstanding						Weighted Average  Exercise Price						Weighted Average Grant Date Fair Value						Weighted Average Remaining Term (in years)						Aggregate Intrinsic Value ($ millions)
Balances as of September 30, 2023			1,763,788						$	35.65					$	10.56					3.80						$	51.1
Granted			1,627,150						$	65.37					$	26.77
Exercised			(237,613)						$	32.89					$	9.07
Forfeited			(89,432)						$	36.50					$	10.65
Expired			(2,320)						$	40.88					$	14.69
Balances as of September 30, 2024			3,061,573						$	51.63					$	19.28					5.06						$	92.6
Exercisable at September 30, 2024			721,635						$	34.58					$	10.05					2.68						$	34.1

Schedule of Options Outstanding Broken Down by Exercise Price

The options outstanding as of September 30, 2024 broken down by exercise price are as follows:

Exercise Price												Number of Options Outstanding						Weighted Average Exercise Price						Weighted Average Remaining Term (in Years)
$	25.00		-			$	30.00					810,000						$	30.00					2.18
$	35.00		-			$	40.00					234,020						$	39.10					2.31
$	40.00		-			$	45.00					289,212						$	41.36					4.60
$	45.00		-			$	75.00					1,728,341						$	65.18					6.86
												3,061,573						$	51.63					5.06

Schedule of Restricted Stock Units Activity

The following is a summary of restricted stock activity through September 30, 2024:

			Number of Shares Outstanding						Weighted Average Grant Date Fair Value						Weighted Average Remaining Term (in years)						Aggregate Intrinsic Value ($ millions)
Balances as of September 30, 2023			1,026,642						$	54.10					1.24						$	66.5
Granted			477,096						$	68.10
Vested			(494,568)						$	51.30
Forfeited			(1,582)						$	54.79
Balances as of September 30, 2024			1,007,588						$	62.10					1.13						$	82.5

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Subparagraph (f)(2)
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration