XML 56 R39.htm IDEA: XBRL DOCUMENT
v3.21.2

Stock-based Compensation Plans (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2021 | Sep. 30, 2020
Share-based Payment Arrangement [Abstract] |  |
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block] | The effect of stock-based compensation on our consolidated statements of operations is presented below.
| 2021 |  | 2020 |  | 2019
| (in millions, except per share data)
Decrease in operating income | $ | 11.0 |  |  | $ | 7.2 |  |  | $ | 5.5 |
Decrease in net income | 8.0 |  |  | 5.5 |  |  | 4.3 |
Decrease in earnings per basic share | 0.05 |  |  | 0.03 |  |  | 0.03 |
Decrease in earnings per diluted share | 0.05 |  |  | 0.03 |  |  | 0.03 |
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity | Restricted stock unit activity under the 2006 Plan is summarized below.
| Restricted stock units |  | Weighted average grant date fair value per unit |  | Weighted average remaining contractual term (years) |  | Aggregate intrinsic value (millions)
Outstanding at September 30, 2018 | 481,562 |  |  | $ | 12.14 |  |  | 1.0 |  |
Granted | 233,830 |  |  | 10.10 |  |  |  |  |
Vested | (259,107) |  |  | 11.75 |  |  |  |  | $ | 2.6 |
Cancelled | (19,263) |  |  | 11.43 |  |  |  |  |
Outstanding at September 30, 2019 | 437,022 |  |  | 11.31 |  |  | 0.9 |  |
Granted | 301,979 |  |  | 11.55 |  |  |  |  |
Vested | (295,241) |  |  | 11.40 |  |  |  |  | $ | 3.4 |
Cancelled | (35,254) |  |  | 11.48 |  |  |  |  |
Outstanding at September 30, 2020 | 408,506 |  |  | 11.41 |  |  | 0.9 |  |
Granted | 220,795 |  |  | 12.29 |  |  |  |  |
Vested | (228,121) |  |  | 11.62 |  |  |  |  | $ | 2.8 |
Cancelled | (5,083) |  |  | 11.41 |  |  |  |  |
Outstanding at September 30, 2021 | 396,097 |  |  | $ | 11.78 |  |  | 0.8 |  |
Schedule of Nonvested Performance-based Units Activity [Table Text Block] | Stock-settled PRSUs activity under the 2006 Plan is summarized below.
Award date |  | Settlement year |  | Performance period |  | Grant date per unit fair value |  | Units awarded |  | Units forfeited |  | Net units |  | Performance factor |  | Shares earned
November 29, 2016 |  | 2020 |  | 2017 |  | $ | 13.26 |  |  | 59,285 |  |  | (5,279) |  |  | 54,006 |  |  | 1.000 |  | 54,006 |
|  |  |  | 2018 |  | $ | 12.50 |  |  | 59,286 |  |  | (39,910) |  |  | 19,376 |  |  | 1.357 |  | 26,294 |
|  |  |  | 2019 |  | $ | 10.53 |  |  | 59,290 |  |  | (39,909) |  |  | 19,381 |  |  | 0.645 |  | 12,501 |
January 23, 2017 |  | 2020 |  | 2017 |  | $ | 13.15 |  |  | 19,012 |  |  | — |  |  | 19,012 |  |  | 1.000 |  | 19,012 |
|  |  |  | 2018 |  | $ | 12.50 |  |  | 19,011 |  |  | — |  |  | 19,011 |  |  | 1.357 |  | 25,798 |
|  |  |  | 2019 |  | $ | 10.53 |  |  | 19,011 |  |  | — |  |  | 19,011 |  |  | 0.645 |  | 12,263 |
November 28, 2017 |  | 2021 |  | 2018 |  | $ | 12.50 |  |  | 57,092 |  |  | — |  |  | 57,092 |  |  | 1.357 |  | 77,474 |
|  |  |  | 2019 |  | $ | 10.53 |  |  | 57,092 |  |  | (4,793) |  |  | 52,299 |  |  | 0.645 |  | 33,733 |
|  |  |  | 2020 |  | $ | 11.26 |  |  | 57,104 |  |  | (21,679) |  |  | 35,425 |  |  | 0.909 |  | 32,202 |
November 27, 2018 |  | 2022 |  | 2019 |  | $ | 10.53 |  |  | 110,954 |  |  | (8,751) |  |  | 102,203 |  |  | 0.645 |  | 65,921 |
|  |  |  | 2020 |  | $ | 11.26 |  |  | 110,954 |  |  | (13,182) |  |  | 97,772 |  |  | 0.909 |  | 88,875 |
|  |  |  | 2021 |  | $ | 11.86 |  |  | 110,967 |  |  | (28,478) |  |  | 82,489 |  |  | 1.161 |  | 95,770 |
December 3, 2019 |  | 2023 |  | 2020 |  | $ | 11.26 |  |  | 69,988 |  |  | (2,391) |  |  | 67,597 |  |  | 0.909 |  | 61,446 |
|  |  |  | 2021 |  | $ | 11.86 |  |  | 69,989 |  |  | (9,614) |  |  | 60,375 |  |  | 1.161 |  | 70,096 |
|  |  |  | 2022 |  |  |  | 69,989 |  |  | (9,614) |  |  | 60,375 |  |  |  |  |
Schedule of Share-based Compensation. Options | Stock option activity under the 2006 Plan is summarized below.
| Options |  | Weighted average exercise price per option |  | Weighted average remaining contractual term (years) |  | Aggregate intrinsic value (millions)
Outstanding at September 30, 2018 | 1,589,026 |  |  | $ | 5.03 |  |  | 1.9 |  | $ | 10.3 |
Exercised | (726,636) |  |  | 5.20 |  |  |  |  | 4.4 |
Cancelled | — |  |  | — |  |  |  |  |
Outstanding at September 30, 2019 | 862,390 |  |  | $ | 4.89 |  |  | 2.0 |  | $ | 5.5 |
Exercised | (534,291) |  |  | 4.15 |  |  |  |  | 3.3 |
Cancelled | — |  |  | — |  |  |  |  |
Outstanding at September 30, 2020 | 328,099 |  |  | $ | 6.11 |  |  | 2.3 |  | $ | 1.4 |
Granted | 431,520 |  |  | 11.86 |  |  |  |  |
Exercised | (151,399) |  |  | 4.09 |  |  |  |  | 1.7 |
Cancelled | (8,421) |  |  | — |  |  |  |  |
Outstanding at September 30, 2021 | 599,799 |  |  | $ | 10.67 |  |  | 7.8 |  | $ | 2.7 |
Exercisable at September 30, 2021 | 176,700 |  |  | $ | 7.83 |  |  | 2.2 |  | $ | 1.3 |
Share-based Payment Arrangement, Option, Exercise Price Range [Table Text Block] |  | The ranges of exercise prices for stock options outstanding at September 30, 2021 are summarized below.
Exercise price |  | Options |  | Weighted average exercise price |  | Weighted average remaining contractual term (years) |  | Exercisable options |  | Weighted average exercise price
| $ | 0.00 |  | - | $ | 4.99 |  |  |  | 13,930 |  |  | $ | 2.79 |  |  | 0.3 |  | 13,930 |  |  | $ | 2.79 |
| $ | 5.00 |  | - | $ | 9.99 |  |  |  | 162,770 |  |  | 8.26 |  |  | 2.4 |  | 162,770 |  |  | 8.26 |
| $10.00 | - | $14.99 |  |  | 423,099 |  |  | $ | 11.86 |  |  | 10.2 |  | — |  |  | $ | — |
|  |  |  |  |  | 599,799 |  |  | $ | 10.67 |  |  | 7.8 |  | 176,700 |  |  | $ | 7.83 |
Schedule of Share-based Compensation, Phantom Award, Activity | Phantom Plan activity is summarized below.
| Phantom Plan units |  | Weighted average grant date fair value per unit |  | Weighted average remaining contractual term (years) |  | Aggregate intrinsic value (millions)
Outstanding at September 30, 2018 | 262,773 |  |  | $ | 12.12 |  |  | 0.6 |  |
Granted | 180,747 |  |  | 10.53 |  |  |  |  |
Vested | (132,289) |  |  |  |  |  |  | $ | 1.4 |
Cancelled | (55,077) |  |  | 11.61 |  |  |  |  |
Outstanding at September 30, 2019 | 256,154 |  |  | 11.61 |  |  | 0.9 |  |
Granted | 188,973 |  |  | 11.26 |  |  |  |  |
Vested | (118,908) |  |  |  |  |  |  | $ | 1.3 |
Cancelled | (11,744) |  |  | 11.23 |  |  |  |  |
Outstanding at September 30, 2020 | 314,475 |  |  | 11.16 |  |  | 0.9 |  |
Granted | 185,808 |  |  | 11.91 |  |  |  |  |
Vested | (131,182) |  |  |  |  |  |  | $ | 1.6 |
Cancelled | (24,257) |  |  | 11.30 |  |  |  |  |
Outstanding at September 30, 2021 | 344,844 |  |  | $ | 11.51 |  |  | 0.9 |  |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | The assumptions used to determine the grant date fair value are indicated below for grants issued during our 2021 fiscal year.
| January 27, 2021 |  | December 2, 2020
Variables used in determining grant date fair value: |  |  |
Dividend yield | 2.01% |  | 2.01%
Risk-free rate | 0.66% |  | 0.66%
Expected term (in years) | 6.0 |  | 6.0

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 allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=122041274&loc=d3e301413-122809 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of activity for outstanding award under share-based payment arrangement excluding share and unit options and nonvested award. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfOtherShareBasedCompensationActivityTableTextBlock
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 -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
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 -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the weighted-average grant-date fair value of equity options or other equity instruments granted during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration