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Share-Based Compensation and Stock Repurchases | 6 Months Ended
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Mar. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Share-Based Compensation and Stock Repurchases |
1 2. | Share-Based Compensation and Stock Repurchases
Restricted Stock The restricted share activity for the six months ended March 31, 2021 were summarized as follows:
|  |  |  |  |  | Weighted- |
|  |  |  |  |  | Average |
|  | Number |  |  | Grant Date |
|  | of Shares |  |  | Fair Value |
Restricted shares unvested at September 30, 2020 |  |  | 1,195,548 |  |  | $ | 5.47 |
Granted |  |  | 121,688 |  |  |  | 8.58 |
Vested |  |  | (132,109 | ) |  |  | 8.75 |
Forfeited |  |  | (17,500 | ) |  |  | 4.90 |
Restricted shares unvested at March 31, 2021 |  |  | 1,167,627 |  |  | $ | 5.44 |
As of March 31, 2021, there was $4.4 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 2.3 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, 2021 and 2020 was $0.8 million and $1.2 million, respectively, and for the six months ended March 31, 2021 and 2020 was $1.7 million and $2.5 million, respectively. The Company repurchased 175,925 shares of its common stock for $0.2 million to cover the income tax obligation on vested employee equity awards and warrant conversions during the six months ended March 31, 2021. The Company has granted restricted stock units (“RSUs”) as part of its long-term incentive compensation to employees and non-employee members of the Board of Directors. 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 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 share-based payment arrangement. + 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 + Details
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