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The Incentive Stock Plans (Tables)
12 Months Ended
Sep. 30, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Incentive Stock Plans Option Activity

The following table summarizes option activity from September 30, 2016 through September 30, 2017:

 

 

 

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, 2016

 

 

732,103

 

 

 

1,451,102

 

 

$

12,397

 

 

$

12.33

 

 

 

6.0

 

Options authorized

 

 

1,000,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options cancelled/forfeited/expired

 

 

58,667

 

 

 

(58,667

)

 

 

 

 

 

23.00

 

 

 

 

 

Options exercised

 

 

 

 

 

(184,931

)

 

 

 

 

 

12.28

 

 

 

 

 

Restricted stock awards granted

 

 

(358,342

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock awards forfeited

 

 

8,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Additional shares of stock issued

 

 

(53,867

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of September 30, 2017

 

 

1,386,561

 

 

 

1,207,504

 

 

$

5,737

 

 

$

11.81

 

 

 

5.3

 

Exercisable as of September 30, 2017

 

 

 

 

 

 

961,837

 

 

$

5,566

 

 

$

10.78

 

 

 

4.9

 

 

Weighted Average Assumptions of Incentive Stock Plans

Below are the weighted-average assumptions used for the fiscal years ended September 30, 2015 and 2016. No options were granted for the fiscal year ended September 30, 2017.

 

 

 

2015

 

 

2016

 

Dividend yield

 

 

0.0%

 

 

 

0.0%

 

Risk-free interest rate

 

 

0.9%

 

 

 

1.0%

 

Volatility

 

 

47.4%

 

 

 

48.2%

 

Expected life

 

3.1 years

 

 

5.0 years