Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.19.2
Stockholders' Equity (Tables)
 9 Months Ended
Jun. 30, 2019
Equity [Abstract]  
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.

2019 Modified Option Grant
Expected Volatility
25.0
%
Expected Term (in years)
1.50

Risk Free Rate
2.52
%

The weighted-average grant-date fair value of the 2019 Modified Option Grant was $1.40.

2019 Option Grants
Expected Volatility
30.0
%
Expected Term (in years)
4.09

Risk Free Rate
2.95
%

2018 Option Grants
Expected Volatility
30.0
%
Expected Term (in years)
3.32

Risk Free Rate
2.80
%

2016 Option Grants
Expected Volatility
32.2
%
Expected Term (in years)
2.6 - 4.0

Risk Free Rate
2.45
%

Schedule of treasury stock purchases and issuances
The following table illustrates the Company’s treasury stock activity for the nine months ended June 30, 2019:

(in thousands, except share amounts)
 
 
 
 
Shares
 
Cost
Balance as of September 30, 2018
216,188

 
$
7,536

Purchased
752,234

 
25,576

Issued to employees and directors
(22,308
)
 
(907
)
 
 
 
 
Balance as of June 30, 2019
946,114

 
$
32,205