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The Incentive Stock Plans (Tables)
6 Months Ended
Mar. 31, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Incentive Stock Plans Option Activity

The following table summarizes option activity from September 30, 2015 through March 31, 2016:

 

 

 

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

 

 

101,862

 

 

 

(101,862

)

 

 

 

 

 

 

23.67

 

 

 

 

 

Restricted stock awards issued

 

 

(281,260

)

 

 

-

 

 

 

 

 

 

 

-

 

 

 

 

 

Restricted stock awards forfeited

 

 

1,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options exercised

 

 

-

 

 

 

(47,790

)

 

 

 

 

 

 

5.35

 

 

 

 

 

Balance as of March 31, 2016

 

 

872,625

 

 

 

1,788,222

 

 

$

13,592

 

 

$

12.54

 

 

 

6.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable as of March 31, 2016

 

 

 

 

 

 

1,067,221

 

 

$

10,952

 

 

$

10.33

 

 

 

5.0

 

 

Weighted Average Assumptions of Incentive Stock Plans

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

 

 

Three Months Ended

March 31,

 

Six Months Ended

March 31,

 

2015

 

2016

 

2015

 

 

2016

Dividend yield

 

 

 

0.0%

 

 

Risk-free interest rate

 

 

 

0.8%

 

 

Volatility

 

 

 

47.4%

 

 

Expected life

 

 

3.0 years