Stock Options (Tables)

12 Months Ended

Sep. 30, 2013

Stock Option and Stock Based Employee Compensation [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

Following is a summary of options activity:

					Weighted
					Average		Aggregate
			Weighted		Remaining		Intrinsic
			Average		Contractual		Value at
			Exercise		Term		September
(in thousands, except exercise prices and contractual terms)	Options		Price		(Years)		30, 2013
Outstanding at October 1, 2010		565	$	9.94
Granted		35		7.15
Forfeited		(55)		8.57
Exercised		(25)		7.55
Outstanding at September 30, 2011		520		10.01
Granted		755		8.41
Expired or cancelled		(490)		10.18
Exercised		-
Outstanding at September 30, 2012		785		8.36
Granted		10		8.70
Expired or cancelled		(30)		7.15
Exercised		-		-
Outstanding at September 30, 2013		765	$	8.41		.83	$	2,585
Exercisable at September 30, 2013		755	$	8.41		.82	$	2,554

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The fair value of options issued for the year ended September 30, 2011 were estimated to be $49,521 at the date of grant using a Black-Scholes option-pricing model using the following weighted average assumptions:

Volatility	50	%
Expected life	1.5 years
Expected dividend yield	-
Risk free rate	0.19	%

On June 27, 2012, the Company issued 100,000 options to the Company’s directors. These options become exercisable in June 2013, have a strike price of $8.78 per share and expire in June 2014. The fair value of these options were estimated to be $160,488 at the date of grant using a Black-Scholes option-pricing model using the following weighted average assumptions:

Volatility	37	%
Expected life	1.5 years
Expected dividend yield	-
Risk free rate	0.31	%

On July 2, 2012, the Company issued 655,000 options to certain Company employees. Of these options, 442,500 were exchanged for existing options which were to expire in September 2012. These new options become exercisable in July 2013, have a strike price of $8.35 per share and expire in July 2014. The fair value of these options was estimated to be $966,493 at the date of grant using a Black-Scholes option-pricing model using the following weighted average assumptions:

Volatility	37	%
Expected life	1.5 years
Expected dividend yield	-
Risk free rate	0.30	%

In June 2013, the Company issued 10,000 options to a Company employee. These options become exercisable in June 2014, have a strike price of $8.70 per share and expire in June 2015. The fair value of these options was estimated to be $11,670 at the date of grant using a Black-Scholes option-pricing model using the following weighted average assumptions:

Volatility	27	%
Expected life	1.5 years
Expected dividend yield	-
Risk free rate	0.27	%