Quarterly report pursuant to Section 13 or 15(d)

Share-Based Payments (Tables)

v3.10.0.1
Share-Based Payments (Tables)
9 Months Ended
Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Restricted Stock Activity
The transactions for restricted stock for the nine months ended June 30, 2018 were as follows:
 
Shares
 
Weighted-
average
Grant-date
Fair Value
Non-vested at September 30, 2017
501,184

 
$
53.65

Granted
234,100

 
57.05

Vested
(174,120
)
 
51.41

Expired or forfeited
(5,864
)
 
59.75

Non-vested at June 30, 2018
555,300

 
$
55.72

Assumptions used in Estimating Fair Value
The following table indicates the assumptions used in estimating the fair value of restricted stock granted during the nine-month periods ended June 30, 2018 and 2017.

 
Nine Months Ended
June 30,
 
2018
 
2017
Expected volatility
20.5
%
 
20.2
%
Dividend yield
1.0
%
 
1.1
%
Average risk-free interest rate
2.0
%
 
1.7
%
Average expected term (years)
2.1

 
2.1