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The Incentive Stock Plans (Tables)
9 Months Ended
Jun. 30, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Incentive Stock Plans Option Activity

The following table summarizes option activity from September 30, 2014 through June 30, 2015:

 

 

 

Shares

Available

for Grant

 

 

Options Outstanding

 

 

Aggregate

Intrinsic Value

(in thousands)

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining Contractual

Life

 

Balance as of September 30, 2014

 

 

1,350,709

 

 

 

2,226,319

 

 

$

15,980

 

 

$

11.70

 

 

 

6.6

 

Options authorized

 

 

-

 

 

 

-

 

 

 

 

 

 

 

-

 

 

 

 

 

Options granted

 

 

(290,000

)

 

 

290,000

 

 

 

 

 

 

$

15.91

 

 

 

 

 

Options cancelled/forfeited/expired

 

 

84,780

 

 

 

(84,780

)

 

 

 

 

 

$

25.53

 

 

 

 

 

Restricted stock awards issued

 

 

(111,000

)

 

 

-

 

 

 

 

 

 

 

-

 

 

 

 

 

Options exercised

 

 

-

 

 

 

(471,211

)

 

 

 

 

 

$

6.37

 

 

 

 

 

Balance as of June 30, 2015

 

 

1,034,489

 

 

 

1,960,328

 

 

$

19,807

 

 

$

13.00

 

 

 

6.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable as of June 30, 2015

 

 

 

 

 

 

1,127,444

 

 

$

13,788

 

 

$

11.30

 

 

 

5.3

 

 

Weighted Average Assumptions of Incentive Stock Plans

The following are the weighted average assumptions used for each respective period:

 

 

 

Three Months Ended

June 30,

 

Nine Months Ended

June 30,

 

 

 

2014

 

 

2015

 

2014

 

 

2015

 

Dividend yield

 

 

0.0%

 

 

 

 

0.0%

 

 

 

0.0%

 

Risk-free interest rate

 

 

0.8%

 

 

 

 

0.7%

 

 

 

0.8%

 

Volatility

 

 

51.7%

 

 

 

 

55.7%

 

 

 

47.4%

 

Expected life

 

3.0 years

 

 

 

3.2 years

 

 

3.0 years