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Stock-Based Compensation
 9 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
Stock-based compensation expense is included in general and administrative expenses in our condensed consolidated statements of operations. The following table presents a summary of stock-based compensation expense related to stock options and restricted stock awards for the periods presented:
Three Months EndedNine Months Ended
June 30,June 30,
in thousands2026202520262025
Stock-based compensation expense$1,711 $1,817 $5,141 $5,442 
Stock Options
Following is a summary of stock option activity for the nine months ended June 30, 2026:
Nine Months Ended
June 30, 2026
SharesWeighted Average
Exercise Price
Outstanding at beginning of period1,642 $23.14 
Granted20,769 22.92 
Outstanding at end of period22,411 22.93 
Exercisable at end of period150 $27.90 
As of June 30, 2026 and September 30, 2025, total unrecognized compensation cost related to unvested stock options was $0.2 million and less than $0.1 million, respectively. The remaining cost as of June 30, 2026 is expected to be recognized over a weighted average period of 2.3 years.
Restricted Stock Awards
During the nine months ended June 30, 2026, the Company issued time-based and performance-based restricted stock awards. The time-based restricted shares granted to our non-employee directors vest on the first anniversary of the grant, while the time-based restricted shares granted to our executive officers and other employees generally vest ratably over three years from the date of grant. Performance-based restricted share awards vest subject to the achievement of performance and market conditions over a three-year performance period.
Following is a summary of restricted stock activity for the nine months ended June 30, 2026:
Nine Months Ended June 30, 2026
Performance-Based Restricted SharesTime-Based Restricted SharesTotal Restricted Shares
Beginning of period307,097 402,025 709,122 
Granted
175,175 392,085 567,260 
Vested (140,035)(225,317)(365,352)
Forfeited(a)
(6,051)(4,033)(10,084)
End of period336,186 564,760 900,946 
(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 Human Capital Committee. We have no current plans to settle any additional performance-based restricted shares in the future in cash. During November 2025, 3,599 of the 143,634 performance-based shares issued under the fiscal 2023 performance-based award plan were forfeited by the holders of the awards based on the performance level achieved under the terms of the plan.
As of June 30, 2026 and September 30, 2025, total unrecognized compensation costs related to unvested restricted stock awards were $12.0 million and $9.1 million, respectively. The costs remaining as of June 30, 2026 are expected to be recognized over a weighted average period of 2.0 years.