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Stock-based Compensation, Equity Grants, and Warrants | 3 Months Ended
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Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Stock-based Compensation, Equity Grants, and Warrants | Stock-based Compensation, Equity Grants, and Warrants Stock-based compensation expense Options issued under equity incentive plans are designated as either an incentive stock or a non-statutory stock option. No option is 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 December 31, 2018, there were 1.5 million shares available for grant. Stock-based compensation expense, shown in the table below, is recorded in general and administrative expenses included in our statement of operations:
|  |  | (in thousands)
|  |  | Three months ended
| Ref |  | December 31,
|  |  | 2018 |  | 2017
DLH employees |  |  | $ | 62 |  |  | $ | 64 |
Non-employee directors | (a) |  | 131 |  |  | 693 |
Total stock option expense |  |  | $ | 193 |  |  | $ | 757 |
Ref (a): Equity grants of restricted stock units, in accordance with DLH compensation policy for non-employee directors. The equity grants were made in the first quarter of fiscal 2019 and in total 90,000 restricted stock units were granted. Unrecognized stock-based compensation expense
|  |  | (in thousands)
|  |  | December 31,
| Ref |  | 2018 |  | 2017
Unrecognized expense for DLH employees | (a) |  | $ | 699 |  |  | $ | 1,076 |
Unrecognized expense for non-employee directors | (b) |  | 395 |  |  | — |
Total unrecognized expense |  |  | $ | 1,094 |  |  | $ | 1,076 |
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 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. The remaining term for the weighted average expense of these shares will be 2.94 years. Ref (b): Unrecognized stock expense related to current year's equity grants of restricted stock units to non-employee directors in accordance with DLH compensation policy for non-employee directors. Stock option activity for the three months ended December 31, 2018 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
|  | Shares |  | Price |  | Term |  | Value
Options outstanding September 30, 2018 |  | 2,134 |  |  | $ | 4.31 |  |  | 6.3 |  | $ | 6,949 |
Granted |  | — |  |  | $ | — |  |  |  |  |
Exercised |  | (35 | ) |  | $ | 1.12 |  |  |  |  |
Options outstanding, December 31, 2018 |  | 2,099 |  |  | $ | 4.33 |  |  | 6.2 |  | $ | 5,103 |
Stock options shares outstanding, vested and unvested for the period ended
|  |  | (in thousands)
|  |  | Number of Shares
|  |  | December 31, |  | September 30,
| Ref |  | 2018 |  | 2018
Vested and exercisable | (a) |  | 1,300 |  |  | 1,335 |
Unvested |  |  | 799 |  |  | 799 |
Options outstanding |  |  | 2,099 |  |  | 2,134 |
Ref (a): 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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