Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.20.1
Stockholders' Equity (Tables)
 6 Months Ended
Mar. 31, 2020
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 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
%

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
%

Schedule of treasury stock purchases and issuances
The following table illustrates the Company’s treasury stock activity for the six months ended March 31, 2020:
(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
(10,158
)
 
(397
)
Balance as of March 31, 2020
936,474

 
$
31,784