Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.7.0.1
Stockholders' Equity (Tables)
 9 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Schedule of stock options using valuation assumptions
The fair value of the Option Grants was estimated on the date of grant using a Monte Carlo valuation model that uses the assumptions noted in the following table. 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
2.45
%
Schedule of treasury stock purchases and issuances
The following table illustrates the Company’s treasury stock purchases and issuances for the nine months ended June 30, 2017:
(in thousands, except share amounts)
 
 
 
 
Shares
 
Cost
Balance as of September 30, 2016
100,610

 
$
4,585

Purchased
75,623

 
2,174

Issued to Directors
(21,396
)
 
(896
)
 
 
 
 
Balance as of June 30, 2017
154,837

 
$
5,863