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Stock-Based Compensation (Tables)

12 Months Ended

Sep. 30, 2019

Share-based Payment Arrangement [Abstract]

Schedule of allocation of share-based compensation costs by plan

A summary of the expense related to stock-based compensation by award type is as follows for the periods presented:

	Fiscal Year Ended September 30,
(In thousands)	2019				2018				2017
Stock options expense	$	178			$	225			$	274
Restricted stock awards expense	10,348				10,033				7,885
Stock-based compensation expense	$	10,526			$	10,258			$	8,159

Schedule of assumptions for stock option activity

We used the following valuation assumptions for stock options granted for the periods presented:

	Fiscal Year Ended September 30,
	2019				2018				2017
Expected life of options	5.0 years				5.0 years				5.4 years
Expected volatility	46.69		%		44.71		%		50.10		%
Expected dividends	—				—				—
Weighted-average risk-free interest rate	2.70		%		2.10		%		1.85		%
Weighted-average fair value	$	4.50			$	8.30			$	5.83

	Fiscal Year Ended September 30,
	2019				2018				2017
Expected volatility	21.0% - 57.1%				21.1% - 61.2%				32.6% - 66.0%
Risk-free interest rate	2.92		%		1.81		%		1.30		%
Dividend yield	—				—				—
Grant-date stock price	$	9.82			$	20.50			$	12.51

Schedule of stock options and SSARs outstanding

Activity related to stock options for the periods presented is as follows:

	2019							2018							2017
	Shares			Weighted- Average Exercise Price				Shares			Weighted- Average Exercise Price				Shares			Weighted- Average Exercise Price
Outstanding at beginning of period	533,052			$	14.26			593,753			$	14.76			672,669			$	16.49
Granted	30,782			10.23				25,230			19.99				29,410			12.50
Exercised	(31,450	)		10.00				(8,411	)		7.52				(2,313	)		10.80
Expired	—			—				(61,967	)		23.19				(84,976	)		28.45
Cancelled	—			—				—			—				(480	)		23.65
Forfeited	(8,630	)		10.45				(15,553	)		10.46				(20,557	)		11.97
Outstanding at end of period	523,754			$	14.34			533,052			$	14.26			593,753			$	14.76
Exercisable at end of period	470,501			$	14.42			479,538			$	14.03			476,606			$	15.91
Vested or expected to vest in the future	521,362			$	14.36			533,052			$	14.26			585,186			$	14.83

Schedule of stock options and SSARS outstanding and exercisable

The following table summarizes information about stock options outstanding and exercisable as of September 30, 2019:

	Stock Options Outstanding									Stock Options Exercisable
Range of Exercise Price	Number Outstanding			Weighted-Average Contractual Remaining Life (Years)		Weighted-Average Exercise Price				Number Exercisable			Weighted-Average Contractual Remaining Life (Years)		Weighted-Average Exercise Price
$1 - $10	138,472			2.5		$	9.79			116,980			1.6		$	9.77
$11 - $15	212,240			2.3		13.28				196,266			2.0		13.38
$16 - $20	173,042			2.7		19.30				157,255			2.3		19.19
$1 - $20	523,754			2.5		$	14.34			470,501			2.0		$	14.42

Schedule of stock options exercised and vested

Information pertaining to the intrinsic value of options exercised and the fair market value of options that vested is below:

	Fiscal Year Ended September 30,
(In thousands)	2019				2018				2017
Intrinsic value of options exercised	$	90			$	76			$	13
Fair market value of options vested	178				296				482

Schedule of nonvested stock awards and performance shares

Activity relating to all restricted stock awards for the periods presented is as follows:

	Year Ended September 30, 2019
	Performance-Based							Time-Based							Total
	Shares			Weighted- Average Grant Date Fair Value				Shares			Weighted- Average Grant Date Fair Value				Shares			Weighted- Average Grant Date Fair Value
Beginning of period	644,785			$	16.47			431,783			$	16.60			1,076,568			$	16.53
Granted (a)	467,819			9.95				448,657			9.82				916,476			9.89
Vested (a)	(321,833	)		15.36				(212,558	)		16.41				(534,391	)		15.78
Forfeited	(11,957	)		13.44				(56,275	)		12.20				(68,232	)		12.42
End of period	778,814			$	13.60			611,607			$	12.11			1,390,421			$	16.53

^(a) Grant and vesting activity during the twelve months ended September 30, 2019 include 86,050 shares that were issued above target based on performance level achieved under performance-based restricted stock vesting in the current period.

	Year Ended September 30, 2018
	Performance-Based							Time-Based							Total
	Shares			Weighted- Average Grant Date Fair Value				Shares			Weighted- Average Grant Date Fair Value				Shares			Weighted- Average Grant Date Fair Value
Beginning of period	668,766			$	15.72			872,181			$	16.47			1,540,947			$	16.15
Granted	165,085			22.40				277,165			18.98				442,250			20.26
Vested	—			—				(690,922	)		17.38				(690,922	)		17.38
Forfeited	(189,066	)		18.98				(26,641	)		17.02				(215,707	)		18.74
End of period	644,785			$	16.47			431,783			$	16.60			1,076,568			$	16.53

	Year Ended September 30, 2017
	Performance-Based							Time-Based							Total
	Shares			Weighted- Average Grant Date Fair Value				Shares			Weighted- Average Grant Date Fair Value				Shares			Weighted- Average Grant Date Fair Value
Beginning of period	448,693			$	16.71			807,124			$	17.52			1,255,817			$	17.23
Granted	263,696			13.60				271,855			12.50				535,551			13.04
Vested	—			—				(189,029	)		15.52				(189,029	)		15.52
Forfeited	(43,623	)		13.11				(17,769	)		14.08				(61,392	)		13.39
End of period	668,766			$	15.72			872,181			$	16.47			1,540,947			$	16.15

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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Tabular disclosure of the changes in outstanding nonvested shares.

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Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock options and stock appreciation rights that were outstanding at the beginning and end of the year, exercisable at the end of the year, and the number of stock options and stock appreciation rights that were granted, exercised or converted, forfeited, and expired during the year.

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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.

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Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for exercisable or convertible options that are fully vested and expected to vest. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.

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