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Stock-based Compensation (Tables) | 3 Months Ended
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Dec. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Summary of stock-based compensation expense | Following is a summary of stock-based compensation expense related to stock options and restricted stock awards for the three months ended December 31, 2023 and 2022.
| Three Months Ended |  |
| December 31, |  |
in thousands | 2023 |  | 2022 |  |  |  |
Stock-based compensation expense | $ | 1,673 |  |  | $ | 1,580 |  |  |  |  |
Schedule of stock options outstanding | Following is a summary of stock option activity for the three months ended December 31, 2023:
| Three Months Ended
| December 31, 2023
| Shares |  | Weighted Average Exercise Price
Outstanding at beginning of period | 13,575 |  |  | $ | 9.61 |
Outstanding at end of period | 13,575 |  |  | 9.61 |
Exercisable at end of period | 13,475 |  |  | $ | 9.48 |
Schedule of nonvested stock awards activity | Following is a summary of restricted stock activity for the three months ended December 31, 2023:
| Three Months Ended December 31, 2023
| Performance-Based Restricted Shares |  | Time-Based Restricted Shares |  | Total Restricted Shares
Beginning of period | 348,223 |  |  | 593,834 |  |  | 942,057 |
Granted (a) | 180,144 |  |  | 180,594 |  |  | 360,738 |
Vested | (210,176) |  |  | (318,899) |  |  | (529,075) |
Forfeited | — |  |  | (8,248) |  |  | (8,248) |
End of period | 318,191 |  |  | 447,281 |  |  | 765,472 |
(a) Each of our performance shares represent a contingent right to receive one share of the Company's common stock if vesting is satisfied at the end of the three-year performance period. Our performance stock award plans provide that any performance shares earned in excess of the target number of performance shares issued may be settled in cash or additional shares at the discretion of the Compensation Committee. In November 2023, we issued 108,108 shares earned above target level based on the performance level achieved under the fiscal 2021 performance-based award plan.

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + 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
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- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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