Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.19.3.a.u2
Stockholders' Equity (Tables)
 3 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Schedule of stock options using valuation assumptions
2019 Option Grants
Expected Volatility
30.0
%
Expected Term (in years)
4.09

Risk Free Rate
2.95
%

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

Risk Free Rate
2.52
%

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 timeframes for the various market conditions being met.

2020 Option Grant
Expected Volatility
26.0
%
Expected Term (in years)
3.61

Risk Free Rate
1.60
%

Schedule of treasury stock purchases and issuances
The following table illustrates the Company’s treasury stock activity for the three months ended December 31, 2019:
(in thousands, except share amounts)
 
 
 
 
Shares
 
Cost
Balance as of September 30, 2019
939,632

 
$
31,943

Purchased
7,000

 
238

Issued to employees and directors
(5,687
)
 
(225
)
Balance as of December 31, 2019
940,945

 
$
31,956