XML 53 R38.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Equity and Stock-Based Compensation (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Stock-based compensation plans | compensation plans as of September 30, 2018 are summarized in the table below:
Name of Plan |  | Shares Authorized |  | Shares Available |  | Options Outstanding |  | Plan Expiration
2007 Employee Stock Incentive Plan |  | 3,000,000 |  |  | 739,561 |  |  | 1,042,407 |  |  | Mar. 2020
Non-Employee Directors Stock Option Plan |  | 500,000 |  |  | 88,600 |  |  | 206,351 |  |  | Mar. 2020
|  |  |  |  | 828,161 |  |  | 1,248,758 |  |  |
Schedule of stock option valuation assumptions | We estimate the fair value of stock option awards on the date of grant using the Black-Scholes option pricing model using the following assumptions:
| Years Ended September 30,
| 2018 |  | 2017 |  | 2016
Risk free interest rate | 3% |  | 2% |  | 2%
Expected life | 6 years |  | 6 years |  | 6 years
Dividend rate | 0% |  | 0% |  | 0%
Volatility | 59% |  | 63% |  | 63%
Stock option transactions and the options outstanding | Stock option transactions and the options outstanding are summarized as follows:
| Years Ended September 30,
| 2018 |  | 2017 |  | 2016
| Options |  | Weighted Average Exercise Price |  | Options |  | Weighted Average Exercise Price |  | Options |  | Weighted Average Exercise Price
Outstanding at beginning of period | 1,560,441 |  |  | $ | 7.95 |  |  | 1,841,567 |  |  | $ | 8.15 |  |  | 1,627,477 |  |  | $ | 9.11 |
Granted | 44,000 |  |  | 7.40 |  |  | 145,000 |  |  | 5.23 |  |  | 360,075 |  |  | 5.25 |
Exercised | (277,154 | ) |  | 6.71 |  |  | (317,986 | ) |  | 6.30 |  |  | (15,346 | ) |  | 3.28 |
Forfeited/expired | (78,529 | ) |  | 16.12 |  |  | (108,140 | ) |  | 12.71 |  |  | (130,639 | ) |  | 12.86 |
Outstanding at end of period | 1,248,758 |  |  | $ | 7.69 |  |  | 1,560,441 |  |  | $ | 7.95 |  |  | 1,841,567 |  |  | $ | 8.15 |
Exercisable at end of period | 1,014,300 |  |  | $ | 7.93 |  |  | 1,055,865 |  |  | $ | 8.58 |  |  | 1,127,611 |  |  | $ | 8.92 |
Weighted average grant-date fair value of options granted during the period | $ | 4.20 |  |  |  |  | $ | 3.04 |  |  |  |  | $ | 3.03 |  |  |
Stock options outstanding and exercisable | The following table summarizes information for stock options outstanding and exercisable as of September 30, 2018:
|  | Options Outstanding |  | Options Exercisable
Range of Exercise Prices |  | Number Outstanding |  | Remaining Contractual Life |  | Weighted Average Exercise Price Per Share |  | Number Exercisable |  | Weighted Average Exercise Price Per Share
|  |  |  | (in years) |  |  |  |  |  |
2.95-5.07 |  | 173,154 |  |  | 5.76 |  | $ | 3.99 |  |  | 112,321 |  |  | $ | 3.45 |
5.20-5.20 |  | 990 |  |  | 0.96 |  | 5.20 |  |  | 990 |  |  | 5.20 |
5.25-5.25 |  | 204,524 |  |  | 6.93 |  | 5.25 |  |  | 137,024 |  |  | 5.25 |
5.40-6.15 |  | 79,319 |  |  | 4.95 |  | 5.91 |  |  | 71,819 |  |  | 5.93 |
7.01-7.01 |  | 160,225 |  |  | 4.74 |  | 7.01 |  |  | 160,225 |  |  | 7.01 |
7.15-7.87 |  | 68,315 |  |  | 7.19 |  | 7.50 |  |  | 24,315 |  |  | 7.69 |
7.98-7.98 |  | 186,533 |  |  | 3.05 |  | 7.98 |  |  | 186,533 |  |  | 7.98 |
8.20-9.94 |  | 21,191 |  |  | 3.21 |  | 9.31 |  |  | 17,441 |  |  | 9.55 |
9.98-9.98 |  | 228,300 |  |  | 5.81 |  | 9.98 |  |  | 177,425 |  |  | 9.98 |
10.50-22.26 |  | 126,207 |  |  | 2.12 |  | 13.99 |  |  | 126,207 |  |  | 13.99 |
|  | 1,248,758 |  |  | 5.03 |  | $ | 7.69 |  |  | 1,014,300 |  |  | $ | 7.93 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of total share-based compensation cost, including the amounts attributable to each share-based compensation plan and any related tax benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration