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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Stock-Based Compensation  
Summary of stock-based compensation expense

 

                                                                                                                                                                                    

 

 

Year Ended
December 31,

 

Three Months
Ended
December 31,

 

Year Ended
September 30,

 

 

 

2015

 

2014

 

2014

 

2013

 

Stock Options

 

$

 

$

 

$

 

$

62,000 

 

Restricted Stock Awards

 

 

363,000 

 

 

213,000 

 

 

821,000 

 

 

1,307,000 

 

Restricted Stock Units

 

 

526,000 

 

 

74,000 

 

 

233,000 

 

 

25,000 

 

Common Stock Awards

 

 

267,000 

 

 

165,000 

 

 

171,000 

 

 

403,000 

 

​  

​  

​  

​  

​  

​  

​  

​  

Total Compensation Expense

 

$

1,156,000 

 

$

452,000 

 

$

1,225,000 

 

$

1,797,000 

 

​  

​  

​  

​  

​  

​  

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Summary of Company's employee stock options and activity

 

                                                                                                                                                                                    

 

 

Number of
Optioned
Shares(1)

 

Weighted
Average
Exercise
Price(1)

 

Weighted
Average
Remaining
Contractual
Term in Years

 

Balance as of September 30, 2014 and December 31, 2014

 

 

160,434

 

$

10.74

 

 

 

 

Forfeited

 

 

(1,760

)

$

10.74

 

 

 

 

Oustanding and vested Legacy TGC options

 

 

279,756

 

$

14.25

 

 

 

 

Options cancelled

 

 

(10,000

)

$

11.79

 

 

 

 

​  

​  

​  

​  

Balance as of December 31, 2015

 

 

428,430

 

$

13.01

 

 

2.93

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Exercisable as of December 31, 2015

 

 

428,430

 

$

13.01

 

 

2.93

 

​  

​  

​  

​  

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​  

​  

​  

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(1)

Balance of optioned shares and weighted average exercise price converted for the Merger that occurred February 11, 2015.

Summary of the Company's nonvested restricted stock unit awards

 

                                                                                                                                                                                    

 

 

Number of
Restricted
Share
Units(1)

 

Weighted
Average
Grant Date
Fair Value(1)

 

Balance as of September 30, 2014

 

 

38,555

 

$

18.02

 

Grants

 

 

94,898

 

 

6.79

 

Balance as of December 31, 2014

 

 

133,453

 

$

10.03

 

Grants

 

 

10,000

 

 

5.76

 

Vested

 

 

(14,206

)

 

17.78

 

​  

​  

​  

​  

Balance as of December 31, 2015

 

 

129,247

 

$

8.85

 

​  

​  

​  

​  

​  

​  

​  

​  

 

 

 

(1)

Balance of restricted share units and weighted average grant date fair value price converted for merger that occurred February 11, 2015.

Summary of common shares with immediate vesting granted to outside directors and employees

 

                                                                                                                                                                                    

 

 

Number of
Shares
Granted

 

Weighted
Average
Grant Date
Fair Value

 

Year Ended December 31, 2015

 

 

58,937 

 

$

4.53 

 

Three Months Ended December 31, 2014

 

 

21,730 

 

$

7.59 

 

Year Ended September 30, 2014

 

 

9,706 

 

$

17.61 

 

Year Ended September 30, 2013

 

 

25,491 

 

$

15.81