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The Incentive Stock Plans (Tables)
9 Months Ended
Jun. 30, 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 June 30, 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

 

 

(5,000

)

 

 

5,000

 

 

 

 

 

 

 

16.97

 

 

 

 

 

Options cancelled/forfeited/expired

 

 

169,762

 

 

 

(169,762

)

 

 

 

 

 

 

26.83

 

 

 

 

 

Restricted stock awards issued

 

 

(281,260

)

 

 

-

 

 

 

 

 

 

 

-

 

 

 

 

 

Restricted stock awards forfeited

 

 

2,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options exercised

 

 

-

 

 

 

(75,586

)

 

 

 

 

 

 

5.87

 

 

 

 

 

Balance as of June 30, 2016

 

 

936,025

 

 

 

1,697,526

 

 

$

8,383

 

 

$

11.89

 

 

 

6.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable as of June 30, 2016

 

 

 

 

 

 

973,191

 

 

$

7,879

 

 

$

8.96

 

 

 

5.0

 

 

Weighted Average Assumptions of Incentive Stock Plans

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

 

 

Three Months Ended

June 30,

 

 

Nine Months Ended

June 30,

 

 

2015

 

2016

 

 

2015

 

 

2016

 

Dividend yield

 

 

0.0%

 

 

 

0.0%

 

 

 

0.0%

 

Risk-free interest rate

 

 

1.0%

 

 

 

0.8%

 

 

 

1.0%

 

Volatility

 

 

48.2%

 

 

 

47.4%

 

 

 

48.2%

 

Expected life

 

5.0 years

 

 

3.0 years

 

 

5.0 years