Annual report pursuant to Section 13 and 15(d)

SHARE-BASED PAYMENTS (Tables)

v3.3.0.814
SHARE-BASED PAYMENTS (Tables)
12 Months Ended
Sep. 30, 2015
SHARE-BASED PAYMENTS [Abstract]  
Restricted Stock Activity
The transactions for restricted stock for the year ended September 30, 2015 were as follows:

   
Weighted-
 
   
average
 
   
Grant-date
 
 
Shares
 
Fair Value
 
Non-vested at September 30, 2014
   
575,150
     
$33.83
 
Granted
   
215,370
     
40.07
 
Vested
   
(183,089
)
   
36.51
 
Expired or forfeited
   
(36,864
)
   
28.70
 
Non-vested at September 30, 2015
   
570,567
     
35.66
 
Stock Option Activity
The transactions for shares under options for the year ended September 30, 2015 were as follows:

           
Weighted-
     
       
Weighted-
   
average
   
Aggregate
 
       
average
   
Remaining
   
Intrinsic
 
   
Shares
   
Exercise Price
   
Contractual Term
   
Value
 
Outstanding, September 30, 2014
   
512,322
   
 
$38.62
         
Exercised
   
(105,211
)
   
38.17
         
Expired or forfeited
   
(69,173
)
   
36.53
         
Outstanding, September 30, 2015
   
337,938
   
 
39.19
     
0.7
   
 
$3,304
 
Exercisable, September 30, 2015
   
171,532
   
 
39.55
     
0.8
   
 
$1,616
 
Non-vested Options Activity
The transactions for non-vested option shares for the year ended September 30, 2015 were as follows:

       
Weighted-
 
       
average
 
       
Grant-date
 
   
Shares
   
Fair Value
 
Non-vested at September 30, 2014
   
312,442
   
 
$11.21
 
Vested
   
77,199
     
12.23
 
Expired or forfeited
   
(68,837
)
   
11.70
 
Non-vested at September 30, 2015
   
320,804
   
 
11.35
 
Assumptions Used in Estimating Fair Value
The following table indicates the assumptions used in estimating fair value of restricted stock for the years ended September 30, 2015, 2014 and 2013.

   
2015
   
2014
   
2013
 
Expected volatility
   
22.2
%
   
26.6
%
   
29.5
%
Dividend yield
   
1.0
%
   
1.1
%
   
1.2
%
Average risk-free interest rate
   
1.7
%
   
1.4
%
   
0.6
%
Average expected term (years)
   
1.8
     
2.0
     
2.0