XML 55 R39.htm IDEA: XBRL DOCUMENT v3.10.0.1
Share-Based Employee Compensation (Tables)
12 Months Ended
Sep. 30, 2018
Share-based Compensation [Abstract]  
Components Of Share-Based Compensation Expense
The components of share-based compensation expense recognized in each fiscal year for continuing operations are as follows (in thousands):
 
 
2018
 
2017
 
2016
Nonvested stock units
 
$
5,737

 
$
5,873

 
$
5,168

Stock options
 
1,790

 
1,826

 
2,450

Performance share awards
 
1,236

 
2,580

 
3,351

Nonvested restricted stock awards
 
33

 
88

 
88

Non-management directors’ deferred compensation
 
350

 
270

 
270

Total share-based compensation expense
 
$
9,146

 
$
10,637

 
$
11,327

Summary Of RSU Activity
The following is a summary of RSU activity for fiscal 2018:
 
 
Shares
 
Weighted-
Average Grant
Date Fair
Value
RSUs outstanding at October 1, 2017
 
304,232

 
$
62.14

Granted
 
61,551

 
$
94.93

Released
 
(58,978
)
 
$
75.21

Forfeited
 
(18,707
)
 
$
91.34

RSUs outstanding at September 30, 2018
 
288,098

 
$
64.57

Summary Of PSU Activity
The following is a summary of performance share award activity for fiscal 2018:
 
 
Shares
 
Weighted-
Average Grant
Date Fair
Value
Performance share awards outstanding at October 1, 2017
 
92,135

 
$
78.67

Granted
 
19,989

 
$
97.02

Issued
 
(41,916
)
 
$
77.47

Forfeited
 
(10,097
)
 
$
83.27

Performance adjustments
 
(7,632
)
 
$
83.56

Performance share awards outstanding at September 30, 2018
 
52,479

 
$
83.21

Summary Of Stock Option Activity
The following is a summary of stock option activity for fiscal 2018:
 
 
Shares
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Remaining
Contractual
Term (Years)
 
Aggregate
Intrinsic
Value
(in thousands)
Options outstanding at October 1, 2017
 
312,359

 
$
80.15

 
 
 
 
Granted
 
113,447

 
$
90.06

 
 
 
 
Exercised
 
(116,388
)
 
$
68.37

 
 
 
 
Forfeited
 
(18,894
)
 
$
94.93

 
 
 
 
Expired
 
(2,906
)
 
$
104.95

 
 
 
 
Options outstanding at September 30, 2018
 
287,618

 
$
87.61

 
4.98
 
$
1,205

Options exercisable at September 30, 2018
 
111,178

 
$
81.01

 
3.85
 
$
1,007

Options exercisable and expected to vest at September 30, 2018
 
287,618

 
$
87.61

 
4.98
 
$
1,205

Schedule Of Weighted-Average Assumptions
The following table presents the weighted-average assumptions used for stock option grants in each fiscal year, along with the related weighted-average grant date fair value:
 
 
2018
 
2017
 
2016
Risk-free interest rate
 
2.4%
 
1.4%
 
1.7%
Expected dividends yield
 
1.8%
 
1.5%
 
1.6%
Expected stock price volatility
 
28.8%
 
29.0%
 
26.7%
Expected life of options (in years)
 
3.40
 
3.50
 
4.90
Weighted-average grant date fair value
 
$18.49
 
$20.92
 
$16.21
Summary Of Stock Equivalent Activity
The following is a summary of the stock equivalent activity for fiscal 2018:
 
 
Stock
Equivalents
 
Weighted-
Average Grant
Date Fair
Value
Stock equivalents outstanding at October 1, 2017
 
88,515

 
$
32.85

Deferred directors’ compensation
 
3,953

 
$
88.53

Dividend equivalents
 
1,922

 
$
90.01

Stock equivalents outstanding at September 30, 2018
 
94,390

 
$
36.35