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Share-Based Compensation
 3 Months Ended
Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Share-Based Compensation

12.

Share-Based Compensation

Restricted Stock

The restricted stock activity for the three months ended December 31, 2018 were summarized as follows:

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

Average

 

 

 

Number

 

 

Grant Date

 

 

 

of Shares

 

 

Fair Value

 

Restricted shares unvested at September 30, 2018

 

 

1,250,625

 

 

$

9.59

 

Granted

 

 

—

 

 

 

—

 

Vested

 

 

—

 

 

 

—

 

Forfeited

 

 

(14,217

)

 

$

12.00

 

Restricted shares unvested at December 31, 2018

 

 

1,236,408

 

 

$

9.56

 

 

As of December 31, 2018, there was $11.9 million, of total unrecognized compensation cost related to unvested share-based compensation arrangements. That cost is expected to be recognized over a weighted-average period of 1.6 years.

Compensation cost for share-based awards are recognized on a straight-line basis over the vesting period. Share-based compensation expense for the three months ended December 31, 2018 and 2017 was $1.5 million and $0.5 million, respectively. Share-based compensation expenses are recorded in general and administrative expenses in the condensed consolidated statements of operations.