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Stockholders' Equity | 6 Months Ended
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Mar. 31, 2020
Equity [Abstract] |
Stockholders' Equity | Stockholders’ Equity The changes in stockholders’ equity for the prior year comparable period is as follows:
| Common Stock |  |  |  |  |  |  |  |  |  |
(dollars in thousands) | Shares |  | Amount |  | Additional Paid-in Capital |  | Accumulated Other Comprehensive Loss |  | Accumulated Deficit |  | Total
Balance at September 30, 2018 | 32,774,118 |  |  | $ | 33 |  |  | $ | 236,115 |  |  | $ | (6,449) |  |  | $ | (100,045) |  |  | $ | 129,654 |
Cumulative adjustment related to the adoption of ASC 606 | — |  |  | — |  |  | — |  |  | — |  |  | 730 |  |  | 730 |
Net loss | — |  |  | — |  |  | — |  |  | — |  |  | (5,022) |  |  | (5,022) |
Exercise of stock options, grants of restricted stock awards, and vesting of restricted stock units | 409,060 |  |  | — |  |  | 8 |  |  | — |  |  | — |  |  | 8 |
Stock compensation expense | — |  |  | — |  |  | 1,556 |  |  | — |  |  | — |  |  | 1,556 |
Foreign currency translation | — |  |  | — |  |  | — |  |  | (427) |  |  | — |  |  | (427) |
Balance at December 31, 2018 | 33,183,178 |  |  | $ | 33 |  |  | $ | 237,679 |  |  | $ | (6,876) |  |  | $ | (104,337) |  |  | $ | 126,499 |
Net loss | — |  |  | — |  |  | — |  |  | — |  |  | (4,362) |  |  | (4,362) |
Exercise of stock options, grants of restricted stock awards, and vesting of restricted stock units | 197,642 |  |  | — |  |  | 116 |  |  | — |  |  | — |  |  | 116 |
Stock compensation expense | — |  |  | — |  |  | 2,011 |  |  | — |  |  | — |  |  | 2,011 |
Forfeitures of restricted stock awards | (33,163) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Foreign currency translation | — |  |  | — |  |  | — |  |  | 198 |  |  | 3 |  |  | 201 |
Balance at March 31, 2019 | 33,347,657 |  |  | $ | 33 |  |  | $ | 239,806 |  |  | $ | (6,678) |  |  | $ | (108,696) |  |  | $ | 124,465 |
Stock Compensation Incentive Plans During the quarter ended March 31, 2020, the Company's shareholders approved an amendment and restatement to its Second Amended and Restated 2006 Omnibus Long-Term Incentive Plan (the Third Amended and Restated 2006 Omnibus Long-Term Incentive Plan) to increase the number of shares of common stock reserved for issuance from 16,300,000 to 19,100,000. Stock Compensation Expense Stock-based compensation expense was $2.3 million for the six months ended March 31, 2020, which included $2.4 million of expense related to equity-classified stock options and RSUs & RSAs (restricted stock units and awards) and a $0.1 million benefit related to liability-classified SARs (cash-settled stock appreciation rights). Stock Options and RSUs & RSAs The following table presents stock option and RSUs & RSAs grant activity:
| Six Months Ended
| March 31, 2020
Stock Options granted: |
Options containing only service conditions: | 415,719 |
Weighted average exercise price | $ | 6.82 |
Weighted average grant date fair value | $ | 2.72 |
Options containing performance or market conditions: | 402,800 |
Weighted average exercise price | $ | 6.82 |
Weighted average grant date fair value | $ | 2.62 |
RSUs & RSAs granted: |
RSUs & RSAs containing only service conditions: | 310,493 |
Weighted average grant date fair value | $ | 5.92 |
RSUs & RSAs containing performance or market conditions: | 173,600 |
Weighted average grant date fair value | $ | 4.49 |
The stock options and RSUs & RSAs containing only service conditions will vest over a four year service period. The stock options and RSUs & RSAs containing performance conditions will vest upon the achievement of specified financial targets of the Company or its business units. The stock options and RSUs & RSAs containing market conditions will vest upon the achievement of specified increases in the Company’s share price. Vesting is measured the first day of each fiscal quarter over the four-year terms of the awards, starting with the first fiscal quarter after the first anniversary of the grant date, based upon the trailing 20-days average of the Company’s share price. The range of assumptions used to determine the fair value of stock options containing only service conditions using the Black-Scholes option-pricing model during the six months ended March 31, 2020 include a dividend yield of 0.0%, expected volatility rates of 46.5% to 51.0%, risk-free interest rates of 0.5% to 1.5%, and expected terms o f 4.6 to 7.4 years. The range of assumptions used to determine the fair value of stock options and RSUs & RSAs containing market conditions using Monte Carlo simulations during the six months ended March 31, 2020 include a dividend yield of 0.0%, expected volatility rates of 46.7% to 51.2%, risk-free interest rates of 1.5% to 1.7%, and expected holding period (% of remaining term for stock options only) of 30.7% to 100%. SARs During the three months ended March 31, 2020, the Company did not issue any SARs, 225,267 SARs were exercised requiring the Company to make cash payments of $0.6 million, and 29,815 SARs were canceled. As of March 31, 2020, 178,500 SARs were outstanding. Share Repurchase Program The Company did not repurchase shares during the six months ended March 31, 2020 or 2019. As of March 31, 2020, the Company has $10.1 million of remaining authorization to repurchase shares under its share repurchase program.

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- Definition The entire disclosure for shareholders' equity and share-based payment arrangement. Includes, but is not limited to, disclosure of policy and terms of share-based payment arrangement, deferred compensation arrangement, and employee stock purchase plan (ESPP). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 + Details
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