XML 34 R24.htm IDEA: XBRL DOCUMENT
v3.21.1

Stock-based Compensation and Equity Grants (Tables) | 6 Months Ended
--- | ---
Mar. 31, 2021
Share-based Payment Arrangement [Abstract] |
Schedule of Stock-based Compensation Expense | Stock-based compensation expense, shown in the table below, is recorded in general and administrative expenses included in our Consolidated Statements of Operations:
|  |  | Three Months Ended |  | Six Months Ended
| Ref |  | March 31, |  | March 31,
(Amounts in thousands) |  |  | 2021 |  | 2020 |  | 2021 |  | 2020
DLH employees | (a) |  | $ | 270 |  |  | $ | 95 |  |  | $ | 612 |  |  | $ | 211 |
Non-employee directors | (b) |  | 116 |  |  | 87 |  |  | 232 |  |  | 173 |
Total stock option expense |  |  | $ | 386 |  |  | $ | 182 |  |  | $ | 844 |  |  | $ | 384 |
Ref (a): Equity grants of restricted stock units were made in accordance with the DLH long-term incentive compensation policy for Named Executive Officers ("NEO") and totaled 147,431 restricted stock units issued and outstanding at March 31, 2021. Ref (b): Equity grants of restricted stock units were made in accordance with DLH compensation policy for non-employee directors and totaled 63,177 restricted stock units issued and outstanding at March 31, 2021. Unrecognized stock-based compensation expense (in thousands)
|  |  | March 31, |  |
| Ref |  | 2021 |  |
Unrecognized expense for DLH employees | (a) |  | $ | 3,888 |  |  |
Unrecognized expense for non-employee directors |  |  | 234 |  |  |
Total unrecognized expense |  |  | $ | 4,122 |  |  |
Ref (a): The remaining compensation expense 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 4.39 years.
Schedule of Stock Option Activity | 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, 2020 |  |  |  | 2,129 |  |  | $ | 6.14 |  |  | 7.4 |  | $ | 6,593 |
Exercised |  |  |  | (63) |  |  | $ | 3.62 |  |  | — |  |  | — |
Granted |  |  |  | 245 |  |  | $ | 10.04 |  |  | — |  |  | — |
Cancelled |  |  |  | (25) |  |  | $ | 6.28 |  |  | — |  |  | — |
Options outstanding, March 31, 2021 |  |  |  | 2,286 |  |  | $ | 7.03 |  |  | 7.5 |  | $ | 11,407 |
Schedule of Option Shares Outstanding, Vested and Expected to Vest | Stock options shares outstanding, vested, and unvested for the periods ended
|  |  | (in thousands) |  |  |  |
|  |  | March 31, |  | September 30, |  |
| Ref |  | 2021 |  | 2020 |  |  |  |
Vested and exercisable | (a) |  | 1,362 |  |  | 1,213 |  |  |  |  |
Unvested | (b) |  | 924 |  |  | 916 |  |  |  |  |
Options outstanding |  |  | 2,286 |  |  | 2,129 |  |  |  |  |
Ref (a): Weighted average exercise price of vested and exercisable shares was $2.75 and $2.25 at March 31, 2021 and September 30, 2020, respectively. Aggregate intrinsic value was approximately $9.8 million and $6.1 million at March 31, 2021 and September 30, 2020, respectively. Weighted average contractual term remaining was 4.6 and 4.6 years at March 31, 2021 and September 30, 2020, respectively. Ref (b): Certain awards vest upon satisfaction of certain performance criteria.

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 allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + 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=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=115993241&loc=d3e301413-122809 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
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=120381028&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=120381028&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=120381028&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 number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding and exercisable options that are fully vested and expected to vest. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. + 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 (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAndExercisableTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration