Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.7.0.1
Stockholders' Equity (Tables)
 6 Months Ended
Mar. 31, 2017
Equity [Abstract]  
Schedule of treasury stock purchases and issuances
The following table illustrates the Company’s treasury stock purchases and issuances for the six months ended March 31, 2017:
(in thousands, except share amounts)
 
 
 
 
Shares
 
Cost
Balance as of September 30, 2016
100,610

 
$
4,585

Purchased
24,502

 
641

Issued to Directors
(15,286
)
 
(640
)
 
 
 
 
Balance as of March 31, 2017
109,826

 
$
4,586

Schedule of stock options using valuation assumptions
The fair value of the Option Grants was estimated on the date of grant using a Monte Carlo valuation model that uses the assumptions noted in the following table. The expected term of options granted is derived from the output of the option valuation model and represents the period of time that options granted are expected to be outstanding; the range given below results from different time-frames for the various market conditions being met.

Expected Volatility
32.19
%
Expected Term (in years)
2.6 - 4.0

Risk Free Rate
2.45
%