Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.8.0.1
Stockholders' Equity (Tables)
3 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Schedule of treasury stock purchases and issuances
The following table illustrates the Company’s treasury stock issuances for the three months ended December 31, 2017:

(in thousands, except share amounts)
 
 
 
 
Shares
 
Cost
Balance as of September 30, 2017
177,315

 
$
6,502

Issued to Employees and Directors
(10,527
)
 
(227
)
 
 
 
 
Balance as of December 31, 2017
166,788

 
$
6,275

Schedule of stock options using valuation assumptions
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
24.5
%