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The Incentive Stock Plans (Tables)
3 Months Ended
Dec. 31, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Incentive Stock Plans Option Activity

The following table summarizes option activity from September 30, 2015 through December 31, 2015:

 

 

 

Shares

Available

for Grant

 

 

Options Outstanding

 

 

Aggregate

Intrinsic Value

(in thousands)

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining Contractual

Life

 

Balance as of September 30, 2015

 

 

1,050,523

 

 

 

1,937,874

 

 

$

6,285

 

 

$

12.95

 

 

 

6.5

 

Options authorized

 

 

-

 

 

 

-

 

 

 

 

 

 

 

-

 

 

 

 

 

Options granted

 

 

-

 

 

 

-

 

 

 

 

 

 

 

-

 

 

 

 

 

Options cancelled/forfeited/expired

 

 

74,862

 

 

 

(74,862

)

 

 

 

 

 

 

23.24

 

 

 

 

 

Restricted stock awards issued

 

 

(280,510

)

 

 

-

 

 

 

 

 

 

 

-

 

 

 

 

 

Options exercised

 

 

-

 

 

 

(14,849

)

 

 

 

 

 

 

8.29

 

 

 

 

 

Balance as of December 31, 2015

 

 

844,875

 

 

 

1,848,163

 

 

$

12,749

 

 

$

12.57

 

 

 

6.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable as of December 31, 2015

 

 

 

 

 

 

1,114,662

 

 

$

10,663

 

 

$

10.43

 

 

 

5.1

 

 

Weighted Average Assumptions of Incentive Stock Plans

The following are the weighted average assumptions used for each respective period:

 

 

 

Three Months Ended

December 31,

 

 

2014

 

 

2015

Dividend yield

 

 

0.0%

 

 

Risk-free interest rate

 

 

0.8%

 

 

Volatility

 

 

47.4%

 

 

Expected life

 

3.0 years