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Share-Based Compensation and Stock Repurchases | 6 Months Ended
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Mar. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Share-Based Compensation and Stock Repurchases |
12. | Share-Based Compensation and Stock Repurchases
Restricted Stock The restricted stock activity for the six months ended March 31, 2019 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 |  |  | 49,000 |  |  |  | 9.35 |
Vested |  |  | (284,846 | ) |  |  | 11.76 |
Forfeited |  |  | (22,995 | ) |  |  | 12.00 |
Restricted shares unvested at March 31, 2019 |  |  | 991,784 |  |  | $ | 8.90 |
As of March 31, 2019, there was $6.3 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 1.4 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 March 31, 2019 and 2018 was $1.3 million and $0.5 million, respectively, and for the six months ended March 31, 2019 and 2018 was $2.8 million and $1.0 million, respectively. Share-based compensation expenses are recorded in general and administrative expenses in the condensed consolidated statements of operations. The Company repurchased 52,967 shares of its common stock for $0.5 million to cover the income tax obligation on vested employee equity awards and warrant conversions during the six months ended March 31, 2019. During the six months ended March 31, 2018, the Company did not repurchase any shares of its common stock. The Company has granted restricted stock awards (“RSAs”) and restricted stock units (“RSUs”) as part of its long-term incentive compensation to employees and non-employee members of the Board of Directors. RSAs and RSUs generally vest over a period of 3 to 5 years for employees and over one year for members of the Board of Directors. The restricted common stock underlying RSAs are deemed issued and outstanding upon grant, and carry the same voting rights of unrestricted outstanding common stock. The restricted common stock underlying RSUs are not deemed issued or outstanding upon grant, and do not carry any voting rights.

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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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