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The Incentive Stock Plans (Tables)
12 Months Ended
Sep. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Incentive Stock Plans Option Activity

The following table summarizes option activity from September 30, 2019 through September 30, 2020:

 

 

 

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, 2019

 

 

715,590

 

 

 

484,031

 

 

$

1,569

 

 

$

12.42

 

 

 

3.7

 

Shares authorized

 

 

1,000,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options cancelled/forfeited/expired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options exercised

 

 

 

 

 

(287,702

)

 

 

 

 

 

12.63

 

 

 

 

 

Restricted stock awards granted

 

 

(477,271

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock awards forfeited

 

 

49,188

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Additional shares of stock issued

 

 

(12,092

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of September 30, 2020

 

 

1,275,415

 

 

 

196,329

 

 

$

2,636

 

 

$

12.12

 

 

 

2.5

 

Exercisable as of September 30, 2020

 

 

 

 

 

 

196,239

 

 

$

2,636

 

 

$

12.12

 

 

 

2.5

 

Weighted Average Assumptions of Incentive Stock Plans

Below are the weighted-average assumptions used for the fiscal year ended September 30, 2018. No options were granted for the fiscal years ended September 30, 2019 or September 30, 2020.

 

 

 

2018

 

 

2019

 

 

2020

 

Dividend yield

 

0.0%

 

 

 

 

 

Risk-free interest rate

 

2.7%

 

 

 

 

 

Volatility

 

45.4%

 

 

 

 

 

Expected life

 

5.0 years