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Stockholders' Equity (Tables) | 3 Months Ended
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Dec. 31, 2021
Equity [Abstract] |
Schedule of stockholders' equity | The changes in stockholders’ equity for the prior year comparable period is as follows:
| Common Stock |  |  |  | Treasury Stock |  |  |  |  |  |
(dollars in thousands) | Shares |  | Amount |  | Additional Paid-in Capital |  | Shares |  | Amount |  | Accumulated Other Comprehensive Loss |  | Accumulated Deficit |  | Total
Balance at September 30, 2020 | 34,082,406 |  |  | $ | 34 |  |  | $ | 247,892 |  |  | $ | (547,508) |  |  | $ | (3,983) |  |  | $ | (9,782) |  |  | $ | (122,346) |  |  | $ | 111,815 |
Net income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,514 |  |  | 4,514 |
Exercise of stock options, grants of restricted stock awards, and vesting of restricted stock units | 151,845 |  |  | — |  |  | 197 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 197 |
Taxes paid associated with net settlement of stock compensation awards | (7,703) |  |  | — |  |  | (57) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (57) |
Forfeitures of restricted stock awards | (13,733) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Common stock repurchased | — |  |  | — |  |  | — |  |  | (309,496) |  |  | (4,103) |  |  | — |  |  | — |  |  | (4,103) |
Common stock surrendered in the exercise of stock options | — |  |  | — |  |  | 169 |  |  | (9,384) |  |  | (169) |  |  | — |  |  | — |  |  | — |
Stock compensation expense | — |  |  | — |  |  | 1,801 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,801 |
Foreign currency translation | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 896 |  |  | — |  |  | 896 |
Balance at December 31, 2020 | 34,212,815 |  |  | $ | 34 |  |  | $ | 250,002 |  |  | $ | (866,388) |  |  | $ | (8,255) |  |  | $ | (8,886) |  |  | $ | (117,832) |  |  | $ | 115,063 |
Share-based payment arrangement, expensed and capitalized, amount | The table below presents the components of share-based compensation expense (in thousands):
| Three Months Ended December 31, |  |
| 2021 |  | 2020 |  |  |  |
Equity-classified awards: |  |  |  |  |  |  |
Stock options | $ | 1,077 |  |  | $ | 884 |  |  |  |  |
RSUs & RSAs | 1,193 |  |  | 918 |  |  |  |  |
Total equity-classified awards | $ | 2,270 |  |  | $ | 1,802 |  |  |  |  |
Liability-classified awards: |  |  |  |  |  |  |
SARs | 10 |  |  | 427 |  |  |  |  |
Total stock compensation expense: | $ | 2,280 |  |  | $ | 2,229 |  |  |  |  |
The table below presents the components of share-based compensation expense by line item within our Condensed Consolidated Statement of Operations (in thousands):
| Three Months Ended December 31,
| 2021 |  | 2020
Stock Compensation Expense by Line Item |  |  |
Technology and operations | $ | 303 |  |  | $ | 367 |
Sales and marketing | 490 |  |  | 580 |
General and administrative | 1,487 |  |  | 1,282 |
Total stock compensation expense: | $ | 2,280 |  |  | $ | 2,229 |
Summary of stock options and restricted stock granted | The following table presents stock option and RSUs & RSAs grant activity:
| Three Months Ended
| December 31, 2021
Stock Options granted: |
Options containing only service conditions: | 129,945 |
Weighted average exercise price | $ | 23.14 |
Weighted average grant date fair value | $ | 10.83 |
Options containing performance or market conditions: | 129,945 |
Weighted average exercise price | $ | 23.14 |
Weighted average grant date fair value | $ | 10.30 |
RSUs & RSAs granted: |
RSUs & RSAs containing only service conditions: 1 | 316,085 |
Weighted average grant date fair value | $ | 22.10 |
RSUs & RSAs containing performance or market conditions: 1 | 331,085 |
Weighted average grant date fair value | $ | 18.80 |
________________ 1 55,000 RSUs containing service conditions and 70,000 RSUs containing performance conditions were granted by private placement.
Schedule of share-based payment award, stock options, valuation assumptions | 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 three months ended December 31, 2021 were as follows:
|  | Three Months Ended
|  | December 31, 2021
Dividend yield |  | — |
Expected volatility |  | 58.7% - 61.2%
Risk-free interest rate |  | 1.1% - 1.3%
Expected term |  | 4.5 - 5.0 years
Schedule of share-based payment award, valuation assumptions | 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 three months ended December 31, 2021 were as follows:
|  | Three Months Ended
|  | December 31, 2021
Dividend yield |  | — |
Expected volatility |  | 57.2% - 62.9%
Risk-free interest rate |  | 1.1% - 1.5%
Expected holding period (% of remaining term) |  | 29.4% - 100.0%

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