Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.20.2
Stock-Based Compensation (Tables)
 6 Months Ended
Mar. 31, 2020
Share Based Compensation [Abstract]  
Summary of Stock Option Activity

The following table summarizes stock option activity for the twelve months ended September 30, 2019 and the six months ended March 31, 2020:

 

 

 

Number of

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual Life

 

 

Intrinsic

Value

 

Outstanding at September 30, 2018

 

 

231,668

 

 

$

14.84

 

 

 

3.04

 

 

$

163

 

Forfeited

 

 

(31,250

)

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2019

 

 

200,418

 

 

$

16.37

 

 

 

2.40

 

 

$

27

 

Exercisable at September 30, 2019

 

 

164,084

 

 

$

13.92

 

 

 

1.44

 

 

$

27

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2020

 

 

200,418

 

 

$

16.37

 

 

 

2.20

 

 

$

—

 

Exercisable at March 31, 2020

 

 

176,251

 

 

$

14.08

 

 

 

1.20

 

 

$

—

 
Summary of Exercise Price for Stock Options Outstanding and Exercisable

The exercise price for stock options outstanding and exercisable outstanding at March 31, 2020 is as follows:

 

Outstanding

 

 

Exercisable

 

Number of Options

 

 

Exercise Price ($)

 

 

Number of Options

 

 

Exercise Price ($)

 

 

25,000

 

 

 

7.50

 

 

 

25,000

 

 

 

7.50

 

 

31,250

 

 

 

10.00

 

 

 

31,250

 

 

 

10.00

 

 

16,668

 

 

 

10.86

 

 

 

12,501

 

 

 

10.86

 

 

6,250

 

 

 

12.50

 

 

 

6,250

 

 

 

12.50

 

 

6,250

 

 

 

15.00

 

 

 

6,250

 

 

 

15.00

 

 

75,000

 

 

 

15.18

 

 

 

75,000

 

 

 

15.18

 

 

8,000

 

 

 

23.41

 

 

 

8,000

 

 

 

23.41

 

 

8,000

 

 

 

27.60

 

 

 

8,000

 

 

 

27.60

 

 

8,000

 

 

 

31.74

 

 

 

4,000

 

 

 

32

 

 

8,000

 

 

 

36.50

 

 

 

—

 

 

 

—

 

 

8,000

 

 

 

41.98

 

 

 

—

 

 

 

—

 

 

200,418

 

 

 

 

 

 

 

176,251

 

 

 

 

 
Summary of Non-Vested Shares

The following table summarizes information about the Company’s non-vested shares outstanding as of March 31, 2020 and September 30, 2019:

 

Non-vested Shares

 

Number of

Shares

 

 

Average

Grant-Date

Fair Value

 

Non-vested at September 30, 2019

 

 

36,334

 

 

$

26.76

 

Vested

 

 

(12,167

)

 

$

23.23

 

Non-vested at March 31, 2020

 

 

24,167

 

 

$

33.10