XML 42 R31.htm IDEA: XBRL DOCUMENT
v3.25.1

Stock-Based Compensation (Tables) | 6 Months Ended
--- | ---
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock-Based Compensation Expense | The following table shows stock-based compensation expense that is included in the consolidated results of operations (in thousands):
| Three months ended March 31, |  | Six months ended March 31,
| 2025 |  | 2024 |  | 2025 |  | 2024
Cost of sales | $ | 202 |  |  | $ | 175 |  |  | $ | 389 |  |  | $ | 356 |
Sales and marketing | 1,358 |  |  | 1,208 |  |  | 2,619 |  |  | 2,376 |
Research and development | 611 |  |  | 501 |  |  | 1,157 |  |  | 931 |
General and administrative | 1,773 |  |  | 1,589 |  |  | 3,339 |  |  | 2,916 |
Stock-based compensation before income taxes | 3,944 |  |  | 3,473 |  |  | 7,504 |  |  | 6,579 |
Income tax benefit | (840) |  |  | (751) |  |  | (1,601) |  |  | (1,414) |
Stock-based compensation after income taxes | $ | 3,104 |  |  | $ | 2,722 |  |  | $ | 5,903 |  |  | $ | 5,165 |
Schedule of Stock Option Activity | The following table summarizes our stock option activity (in thousands, except per common share amounts):
|  | Options Outstanding |  | Weighted Average Exercise Price |  | Weighted Average Contractual Term (in years) |  | Aggregate Intrinsic Value (1)
Balance on September 30, 2024 |  | 1,382 |  |  | $19.01 |  |  |  |
Granted |  | 63 |  |  | 31.56 |  |  |  |
Exercised |  | (515) |  |  | 24.54 |  |  |  |
Forfeited / Canceled |  | (12) |  |  | 28.47 |  |  |  |
Balance on March 31, 2025 |  | 918 |  |  | $21.58 |  | 3.3 |  | $ | 6,594 |
Exercisable on March 31, 2025 |  | 684 |  |  | $19.73 |  | 2.7 |  | $ | 6,001 |
(1) The aggregate intrinsic value represents the total pre-tax intrinsic value, based on our closing stock price of $27.83 as of March 31, 2025, which would have been received by the option holders had all option holders exercised their options as of that date.
Schedule of Valuation Assumptions | The following table shows the weighted average fair value, which was determined based upon the fair value of each option on the grant date utilizing the Black-Scholes option-pricing model and the related assumptions:
| Six months ended March 31,
| 2025 |  | 2024
Weighted average per option grant date fair value | $16.23 |  | $12.44
Assumptions used for option grants: |  |  |
Risk free interest rate | 4.31% - 4.38% |  | 4.45% - 4.68%
Expected term | 6.00 years |  | 6.00 years
Expected volatility | 48% |  | 46%
Weighted average volatility | 48% |  | 46%
Expected dividend yield | — |  | —
Schedule of Nonvested Restricted Stock Units | The following table presents a summary of our non-vested restricted stock units and performance stock units as of March 31, 2025 and changes during the six months then ended (in thousands, except per common share amounts):
| RSUs |  | PSUs
| Number of Awards |  | Weighted Average Grant Date Fair Value |  | Number of Awards |  | Weighted Average Grant Date Fair Value
Nonvested on September 30, 2024 | 846 |  |  | $ | 30.15 |  |  | 220 |  |  | $ | 30.55 |
Granted | 428 |  |  | 32.16 |  |  | 162 |  |  | 32.64 |
Vested | (249) |  |  | 27.33 |  |  | (54) |  |  | 30.57 |
Canceled | (34) |  |  | 30.63 |  |  | (4) |  |  | 19.78 |
Nonvested on March 31, 2025 | 991 |  |  | $ | 31.71 |  |  | 324 |  |  | $ | 31.71 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration