Quarterly report pursuant to Section 13 or 15(d)

Share-Based Payments (Tables)

v3.3.1.900
Share-Based Payments (Tables)
3 Months Ended
Dec. 31, 2015
Share-Based Payments [Abstract]  
Restricted stock activity
The transactions for restricted stock for the three months ended December 31, 2015 were as follows:

       
Weighted-
 
       
average
 
       
grant-date
 
   
Shares
   
fair value
 
Non-vested at September 30, 2015
   
570,567
   
 
$33.66
 
Granted
   
213,370
     
52.08
 
Vested
   
(249,340
)
   
29.94
 
Expired or forfeited
   
(2,785
)
   
36.89
 
Non-vested at December 31, 2015
   
531,812
   
 
44.93
 
Stock option activity
The transactions for shares under options for the quarter ended December 31, 2015 were as follows:

           
Weighted-
     
       
Weighted-
   
average
   
Aggregate
 
       
average
   
remaining
   
intrinsic
 
   
Shares
   
exercise price
   
contractual term
   
value
 
Outstanding, September 30, 2015
   
337,938
   
 
$39.19
         
Exercised
   
(47,834
)
   
37.59
         
Expired or forfeited
   
(98,745
)
   
37.33
         
Outstanding, December 31, 2015
   
191,359
     
40.56
     
0.9
   
 
$2,468
 
Exercisable, December 31, 2015
   
114,193
   
 
40.56
     
0.9
   
 
$1,473
 
Non-vested options activity
The transactions for non-vested options for the quarter ended December 31, 2015 were as follows:

       
Weighted-average
 
       
grant-date
 
Non-vested shares
 
Shares
   
fair value
 
Non-vested at September 30, 2015
   
166,406
   
 
$12.43
 
Expired or forfeited
   
(89,240
)
   
12.56
 
Non-vested at December 31, 2015
   
77,166
   
 
12.29
 
Assumptions used in estimating fair value
The following table indicates the assumptions used in estimating fair value of restricted stock granted during the periods ended December 31, 2015 and 2014.

   
Three Months Ended December 31,
 
   
2015
   
2014
 
Expected volatility
   
20.7
%
   
22.2
%
Dividend yield
   
1.0
%
   
1.0
%
Average risk-free interest rate
   
1.7
%
   
1.7
%
Average expected term (years)
   
2.1
     
1.8