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Members’/Shareholders' Equity (Tables) | 12 Months Ended
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Sep. 30, 2021
Equity [Abstract] |
Cash Distributions Declared | The table below summarizes the following cash distributions declared to common shareholders and unitholders during the years ended 2021 and 2020:
Quarter Ended |  | Per Share/Unit Distribution(1) |  | Total Distribution
2021 |  |  |  |
September 30, 2021 |  | $ | 0.28 |  |  | $ | 5.5 |
June 30, 2021 |  | $ | — |  |  | $ | — |
March 31, 2021(2) |  | $ | 0.29 |  |  | $ | 8.8 |
December 31, 2020 |  | $ | 0.30 |  |  | $ | 3.8 |
2020 |  |  |  |
September 30, 2020 |  | $ | 0.20 |  |  | $ | 2.5 |
June 30, 2020 |  | $ | 0.20 |  |  | $ | 2.5 |
March 31, 2020 |  | $ | 0.40 |  |  | $ | 5.0 |
December 31, 2019 |  | $ | 0.40 |  |  | $ | 5.0 |
_____________________ (1)Per unit amounts for dividends declared before the Closing Date of the Merger have been effected by giving adjustment to the 1-for-12 reverse stock split and exchange ratio of 97.796467. (2)On February 4, 2021, the Board of Managers of REP LLC declared a $3.8 million cash dividend, paid on February 5, 2021. On March 4, 2021, the Board of Directors of the Company declared a cash dividend of $0.28 per share or $5.0 million total, paid on May 7, 2021.
Restricted Stock and Restricted Stock Unit, Activity | The following table shows a summary of the restricted shares granted during the year ended September 30, 2021:
2021 Long-Term Incentive Plan
Grant Date | Restricted Shares | Vesting Period | Average Price |  | Compensation Expense
|  |  |  |  | (In thousands)
February 26, 2021 | 198,024 | 8-32 months | $ | 13.33 |  |  | $ | 744 |  |  |
March 1, 2021 | 3,374 | 12 months | $ | 24.21 |  |  | 44 |  |  |
March 15, 2021 | 158,582 | N/A(1) | $ | 28.99 |  |  | 4,597 |  |  |
April 1, 2021 | 37,759 | 12 months | $ | 28.99 |  |  | 719 |  |  |
|  |  |  |  | $ | 6,104 |  |  |
_____________________ (1)On April 1, 2021, these restricted shares fully vested. The following table presents the Company's restricted stock activity during the year ended September 30, 2021 under the 2021 LTIP:
2021 Long-Term Incentive Plan
|  | Restricted Shares |  | Weighted Average Grant Date Fair Value
Unvested at September 30, 2020 |  | — |  |  | $ | — |
Granted |  | 397,739 |  |  | $ | 21.16 |
Vested |  | (169,370) |  |  | $ | 28.99 |
Forfeited |  | — |  |  | $ | — |
Unvested at September 30, 2021 |  | 228,369 |  |  | $ | 15.35 |
The following table shows a summary of the restricted units granted and the expense during the years ended September 30, 2021 and 2020:
2018 Long-Term Incentive Plan
Grant Date | Restricted Units | Vesting Period | Average Price |  | Compensation Expense
|  |  |  |  | 2021 |  | 2020
|  |  |  |  | (In thousands)
April 29, 2019 | 14,766 | 36 months | $ | 113.25 |  |  | $ | 278 |  |  | $ | 676 |
February 1, 2020 | 15,767 | 36 months | $ | 100.69 |  |  | 203 |  |  | 287 |
October 1, 2020 | 13,309 | 36 months | $ | 112.47 |  |  | 208 |  |  | — |
|  |  |  |  | $ | 689 |  |  | $ | 963 |
The following table presents the Company's restricted stock unit activity during the year ended September 30, 2021 under the 2018 LTIP:
2018 Long-Term Incentive Plan
|  | Restricted Units |  | Weighted Average Grant Date Fair Value
Unvested at September 30, 2020 |  | 23,909 |  |  | $ | 105.62 |
Granted |  | 13,309 |  |  | $ | 112.47 |
Vested |  | (10,213) |  |  | $ | 107.30 |
Forfeited |  | (2,706) |  |  | $ | 104.89 |
Converted(1) |  | (24,299) |  |  | $ | 108.75 |
Unvested at September 30, 2021 |  | — |  |  | $ | — |
_____________________ (1)The holders of unvested restricted units issued under the 2018 LTIP were issued substitute awards under the 2021 LTIP at the closing of the Merger

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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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