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Stock-Based Compensation
3 Months Ended
Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock-Based Compensation

10.   Stock-Based Compensation

During the three months ended December 31, 2018, the Company issued 8,000 shares of restricted stock awards (“RSAs”) under its 2014 Long Term Incentive Plan, as amended (the “Plan”).   The weighted average grant date fair value of each RSA was $14.59 per share.  The total grant date fair value of all RSAs issued was $0.1 million, which will be charged to expense over the next four years as the RSA vesting restrictions lapse.  Compensation expense for the RSAs was determined based on the closing market price of the Company’s stock on the date of grant applied to the total number of shares that are anticipated to fully vest.  Recipients of RSAs are entitled to vote such shares and are entitled to any dividends paid.  As of December 31, 2018, the Company had unrecognized compensation expense of $3.7 million relating to RSAs that is expected to be recognized over a weighted average period of 2.5 years.

During the three months ended December 31, 2018, the Company issued 147,800 restricted stock units (“RSUs”) under the Plan.  The RSUs issued include both time-based and performance-based vesting provisions.  The weighted average grant date fair value of each RSU was $15.17 per unit.  The grant date fair value of the RSUs was $2.2 million, which will be charged to expense over the next four years as the restrictions lapse.  Compensation expense for the RSUs was determined based on the closing market price of the Company’s stock on the date of grant applied to the total number of units that are anticipated to fully vest.  Each RSU represents a contingent right to receive one share of the Company’s common stock upon vesting.  As of December 31, 2018, the Company had unrecognized compensation expense of $2.2 million relating to RSUs that is expected to be recognized over a weighted average period of 3.9 years.

The Company had $0.1 million of unrecognized compensation expense related to nonqualified stock option awards that is expected to be recognized over a weighted average period of 0.8 years.

As of December 31, 2018, 236,562 RSAs, 147,800 RSUs and 165,600 nonqualified stock options were unvested and outstanding.