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Stock-based Compensation and Equity Grants | 12 Months Ended
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Sep. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Stock-based Compensation and Equity Grants | Stock-based compensation and equity grants Stock-based compensation expense Options issued under equity incentive plans were designated as either an incentive stock or a non-statutory stock option. No option was granted with a term of more than 10 years from the date of grant. Exercisability of option awards may depend on achievement of certain performance measures determined by the Compensation Committee of our Board. Shares issued upon option exercise are newly issued shares. As of September 30, 2019, there were 1.5 million shares available for grant under the Company's 2016 Omnibus Equity Incentive Plan. Stock-based compensation expense, shown in the table below, is recorded in general and administrative expenses included in our consolidated statement of operations:
|  | (in thousands)
|  | Year Ended
| Ref | September 30,
|  | 2019 |  | 2018
DLH employees |  | $ | 263 |  |  | $ | 266 |
Non-employee directors | (a) | 527 |  |  | 1,109 |
Total stock option expense |  | $ | 790 |  |  | $ | 1,375 |
Ref (a): Represents equity grants issued, in accordance with DLH compensation policy for non-employee directors on November 9, 2018, an aggregate of 101,667 shares of Common Stock of the Company were issued to the non-employee members of the Company's Board of Directors, in accordance with the Company's compensation policy for non-employee directors. During the fiscal year ended September 30, 2019, the Company revised its Board compensation policy to provide that equity grants were earned ratably throughout the year rather than retrospectively in the quarter following the completion of the fiscal year and in December 2018 we issued 90,000 restricted stock units to the Company's non-employee directors, all of which vested as of September 30, 2019. The shares of common stock underlying such restricted stock units were issued on November 7, 2019. Unrecognized stock-based compensation expense
|  | (in thousands)
|  | Year Ended
|  | September 30,
| Ref | 2019 |  | 2018
Unrecognized expense for DLH employees | (a) | $ | 631 |  |  | $ | 876 |
Ref (a): Compensation expense for the portion of equity awards for which the requisite service has not been rendered is recognized as the requisite service is rendered. The compensation expense for that portion of awards has been based on the grant-date fair value of those awards as calculated for recognition purposes under applicable guidance. For options that vest based on the Company’s common stock achieving and maintaining defined market prices, the Company values the awards with a Monte Carlo binomial model that utilizes various probability factors and other criterion in establishing fair value of the grant. The related compensation expense is recognized over the derived service period determined in the valuation. On a weighted average basis, this expense is expected to be recognized within the next 4.14 years. Stock option activity for the year ended September 30, 2019: The aggregate intrinsic value in the table below represents the total pretax intrinsic value (i.e., the difference between the Company’s closing stock price on the last trading day of the period and the exercise price, times the number of shares) that would have been received by the option holders had all option holders exercised their in the money options on those dates. This amount will change based on the fair market value of the Company’s stock.
|  |  |  |  |  | (in years) |  |
|  |  |  |  |  | Weighted |  |
|  |  |  | Weighted |  | Average |  | (in thousands)
|  | (in thousands) |  | Average |  | Remaining |  | Aggregate
|  | Number of |  | Exercise |  | Contractual |  | Intrinsic
| Ref | Shares |  | Price |  | Term |  | Value
Options outstanding, September 30, 2018 |  | 2,134 |  |  | $4.31 |  | 6.3 |  | $ | 6,949 |
Granted | (a) | 35 |  |  | $5.25 |  |  |  |
Exercised or canceled |  | (35 | ) |  | $1.12 |  |  |  |
Options outstanding, September 30, 2019 |  | 2,134 |  |  | $4.36 |  | 5.9 |  | $ | 4,815 |
Ref (a): The weighted average value for the shares granted in fiscal 2019 was estimated to be $3.82 per share. Stock options shares outstanding, vested and unvested for the period ended:
|  | (in thousands)
|  | Number of Shares
|  | September 30,
| Ref | 2019 |  | 2018
Vested and exercisable | (a) | 1,300 |  |  | 1,335 |
Unvested | (b) | 834 |  |  | 799 |
Options outstanding |  | 2,134 |  |  | 2,134 |
Ref (a): Weighted average exercise price of vested and exercisable shares was $1.51 and $1.50 at September 30, 2019 and 2018, respectively. Aggregate intrinsic value was approximately $3.9 million and $5.7 million at September 30, 2019 and 2018, respectively. Weighted average contractual term remaining was 3.8 years years and 4.5 years at September 30, 2019 and 2018, respectively. Ref (b): Certain awards vest upon satisfaction of certain performance criteria.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -URI http://asc.fasb.org/subtopic&trid=2208855 + Details
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