Commitments and Contingencies

12 Months Ended

Sep. 30, 2016

Commitments and Contingencies Disclosure [Abstract]

Leases

The Company occupies office space under lease agreements expiring at various dates during the next ten years. The leases are classified as operating leases and provide for the payment of real estate taxes, insurance, utilities and maintenance.

The Company was obligated under non-cancelable operating leases as follows:



Fiscal year ending September 30:	(Amounts in thousands)
2017	$	596
2018	604
2019	618
2020	586
2021	280
Thereafter	920
	$	3,604

Occupancy expenses under the operating leases approximated $1.2 million in 2016 and $1.3 million in 2015.

Common Stock Repurchase

From time to time the Company's Board of Directors passes resolutions to authorize the Company to purchase shares of its outstanding common stock. The Company did not repurchase any shares during the years ended September 30, 2016 and 2015. As of September 30, 2016 the Company is authorized to repurchase an additional 201 thousand shares pursuant to such resolutions.