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Stock-Based Compensation (Tables)
 9 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule and Location of Compensation Cost
Total stock-based compensation expense for the three and nine months ended June 30, 2025 and 2024 and the respective income tax benefits recognized by the Company in the Condensed Consolidated Statements of Income are as follows:
 Three months ended June 30,Nine months ended June 30,
2025202420252024
Cost of products sold$0.7 $0.6 $1.9 $2.6 
Selling and administrative expense5.1 5.3 17.2 16.1 
Research and development expense0.1 0.6 0.3 1.7 
Other operating expense— — 2.8 — 
Total Stock-Based Compensation Expense$5.9 $6.5 $22.2 $20.4 
Tax benefit associated with stock-based compensation costs recognized$0.9 $0.6 $3.1 $1.8 
The following table summarizes the Company's total stock-based compensation expense by classification of award for the three and nine months ended June 30, 2025 and 2024:
Three months ended June 30,Nine Months Ended June 30,
2025202420252024
Equity Awards$5.9 $6.3 $22.1 $20.1 
Liability Awards— 0.2 0.1 0.3 
Total$5.9 $6.5 $22.2 $20.4 
The following table summarizes the Company's total stock-based compensation expense by award type for the three and nine months ended June 30, 2025 and 2024:
Three months ended June 30,Nine Months Ended June 30,
2025202420252024
Time-Vested Restricted Stock Units (TVUs)
$5.1 $4.8 $16.9 $15.4 
Performance-Based Restricted Stock Units (PSUs)
0.5 0.7 3.8 2.0 
Stock Appreciation Rights (SARs)
0.3 1.0 1.5 3.0 
Total$5.9 $6.5 $22.2 $20.4 
Schedule of Restricted Stock Units Outstanding and Changes
A summary of TVUs outstanding as of June 30, 2025 and changes during the nine months ended June 30, 2025 are as follows:
TVUs (in thousands)Weighted Average Grant Date Fair Value
Nonvested at October 11,918.0 $21.34 
Granted*1,576.5 18.53 
Distributed**(1,085.4)22.48 
Forfeited, canceled or expired(326.0)18.86 
Nonvested at June 302,083.1 $18.93 
Expected to vest at June 301,974.9 $18.98 
*Includes accumulated nonvested dividend equivalents
**The TVUs distributed include shares withheld for taxes that are not formally issued to the market.
A summary of PSUs outstanding as of June 30, 2025 and changes during the nine months ended June 30, 2025 are as follows:
Stock Units (in thousands)Weighted Average Grant Date Fair Value
Nonvested at October 156.7 $30.24 
Granted*216.1 18.17 
Distributed
(47.6)18.76 
Forfeited, canceled or expired(6.2)18.96 
Nonvested at June 30219.0 $21.52 
Expected to vest at June 30219.0 $21.52 
*Includes accumulated nonvested dividend equivalents
Schedule of SARs Outstanding
A summary of stock appreciation rights ("SARs") outstanding as of June 30, 2025 and changes during the nine months ended June 30, 2025 are as follows:
SARs (in thousands)Weighted Average Exercise PriceWeighted Average Remaining Contractual Term (Years)Aggregate Intrinsic Value
Balance at October 11,760.4 $29.11 
Exercised*(3.4)13.30 
Forfeited, canceled or expired(250.0)29.19 
Balance at June 301,507.0 $29.14 6.0$— 
Vested and expected to vest at June 301,497.9 29.14 6.0$— 
Exercisable at June 301,341.6 $29.16 5.9$— 
*The amounts exercised include shares withheld for taxes that are not formally issued to the market.