Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.22.2
Stockholders' Equity (Tables)
9 Months Ended
Jun. 30, 2022
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

%

Schedule of treasury stock purchases and issuances

The following table illustrates the Company’s treasury stock activity for the nine months ended June 30, 2022:

 

(in thousands, except share amounts)

 

 

 

 

 

 

 

 

Shares

 

 

Cost

 

Balance as of September 30, 2021

 

 

890,141

 

 

$

29,853

 

Issued to employees and directors, net

 

 

(56,608

)

 

 

(1,757

)

Balance as of June 30, 2022

 

 

833,533

 

 

$

28,096