v3.24.3
Share-Based Payments (Tables)
12 Months Ended
Sep. 30, 2024
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of total compensation cost charged against income

The following table presents total compensation cost for all share-based compensation arrangements and the related income tax benefits recognized in our consolidated statement of earnings (in thousands):

 

 

 

Fiscal Year Ended September 30,

 

 

 

2024

 

 

2023

 

 

2022

 

Share-based compensation expense

 

$

17,172

 

 

$

15,862

 

 

$

9,944

 

Income tax benefit related to share-based
   compensation expense

 

$

4,217

 

 

$

3,487

 

 

$

2,634

 

Summary of activity for performance based unit awards assuming 100% payout

Performance Awards

 

Number
of Shares
(in
Thousands)

 

 

Weighted
Average Fair
Value Per
Share

 

Unvested at September 30, 2023

 

 

471

 

 

$

11.26

 

Granted

 

 

596

 

 

 

8.49

 

Adjustment for performance achievement

 

 

(32

)

 

 

13.37

 

Vested

 

 

(45

)

 

 

15.18

 

Forfeited

 

 

(93

)

 

 

10.61

 

Unvested at September 30, 2024

 

 

897

 

 

$

13.57

 

Summary of activity for stock option awards

 

 

Number of
Outstanding
Options
(in
Thousands)

 

 

Weighted
Average
Exercise
Price

 

 

Weighted
Average
Remaining
Contractual
Term
(in Years)

 

 

Aggregate
Intrinsic
Value
(in Thousands)

 

Outstanding at September 30, 2023

 

 

2,478

 

 

$

17.45

 

 

 

5.2

 

 

$

—

 

Granted

 

 

—

 

 

 

—

 

 

 

 

 

 

 

Exercised

 

 

(194

)

 

 

9.09

 

 

 

 

 

 

 

Forfeited or expired

 

 

(251

)

 

 

20.72

 

 

 

 

 

 

 

Outstanding at September 30, 2024

 

 

2,033

 

 

$

17.84

 

 

 

4.1

 

 

$

1,761

 

Exercisable at September 30, 2024

 

 

1,947

 

 

$

17.86

 

 

 

4.0

 

 

$

1,761

 

Schedule of weighted average assumptions for valuation of stock options using the Black-Scholes option pricing model

 

 

Fiscal Year Ended September 30,

 

 

 

2022

 

Expected term (in years)

 

 

6.0

 

Expected volatility

 

 

48.7

%

Risk-free interest rate

 

 

1.2

%

Dividend yield

 

 

0.0

%

Market Based Awards  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of the activity for restricted stock awards/units

The following table presents a summary of the activity for our market awards:

Market Awards

 

Number
of Shares
(in
Thousands)

 

 

Weighted
Average Fair
Value Per
Share

 

Unvested at September 30, 2023

 

 

544

 

 

$

16.77

 

Granted

 

 

397

 

 

 

11.02

 

Vested

 

 

—

 

 

 

—

 

Forfeited

 

 

(149

)

 

 

17.18

 

Unvested at September 30, 2024

 

 

792

 

 

$

13.81

 

Schedule of assumptions for valuation of rTSR awards

The assumptions used in the Monte Carlo model relating to the valuation of our TSR awards issued in fiscal years 2024, 2023 and 2022 were as follows:

 

 

Fiscal Year Ended September 30,

 

 

 

2024

 

 

2023

 

 

2022

 

Expected term (in years)

 

 

2.9

 

 

 

2.9

 

 

 

2.9

 

Expected volatility

 

 

48.7

%

 

 

60.3

%

 

 

59.5

%

Risk-free interest rate

 

 

4.8

%

 

 

4.6

%

 

 

0.7

%

Dividend yield

 

 

0.0

%

 

 

0.0

%

 

 

0.0

%

 

Restricted Stock Units  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of the activity for restricted stock awards/units

Restricted Stock Units

 

Number
of Shares
(in Thousands)

 

 

Weighted
Average
Fair Value
Per Share

 

Unvested at September 30, 2023

 

 

1,603

 

 

$

13.19

 

Granted

 

 

1,739

 

 

 

8.74

 

Vested

 

 

(727

)

 

 

13.11

 

Forfeited

 

 

(264

)

 

 

10.31

 

Unvested at September 30, 2024

 

 

2,351

 

 

$

10.25