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STOCK COMPENSATION (Tables)
 12 Months Ended
Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Activity of Nonvested (Restricted) Shares
The following tables show the activity of share awards (including shares of restricted stock subject to vesting, fully-vested restricted stock, and PSUs) granted, exercised or forfeited under all of the Company’s incentive plans during the fiscal years ended September 30, 2023 and 2022.
(Dollars in thousands, except per share data)Number of SharesWeighted Average Fair Value at Grant
Nonvested shares outstanding, September 30, 2022474,348 $36.52 
Granted135,417 36.68 
Vested(229,803)37.46 
Forfeited or expired(9,811)41.14 
Nonvested shares outstanding, September 30, 2023370,151 $35.87 
Nonvested shares outstanding, September 30, 2021547,063 $30.22 
Granted178,631 55.56 
Vested(230,323)35.70 
Forfeited or expired(21,023)43.45 
Nonvested shares outstanding, September 30, 2022474,348 $36.52 
Activity of Performance Shares
(Dollars in thousands, except per share data)Number of UnitsWeighted Average Fair Value at Grant
Performance share units outstanding, September 30, 202296,689 $42.59 
Granted(1)
59,115 38.94 
Vested— — 
Forfeited or expired— — 
Performance share units outstanding, September 30, 2023155,804 $41.20 
(1) The number of PSUs granted reflects the target number of PSUs able to be earned under a given award.
Effect to Income, Net of Tax Benefits, of Share-Based Expense Recorded
The following table shows the effect to income, net of tax benefits, of share-based compensation expense recorded:
Fiscal Year Ended September 30,
(Dollars in thousands)202320222021
Total employee stock-based compensation expense recognized in income, net of tax effects of $1,838, $2,181, and $1,562, respectively
$8,465 $7,824 $5,290