Share-Based Compensation (Tables)

12 Months Ended

Sep. 30, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

The following table summarizes the Company's restricted stock and RSU activity for the fiscal year presented:

	2023
Restricted Stock Activity	Number of Shares	Weighted-Average Grant Date Fair Value
Balance, beginning of year	157,317	$	17.35
Granted	541,651	23.41
Vested	(98,229)	17.36
Forfeited	(16,676)	24.05
Balance, end of year	584,063	22.99

Schedule of Share-based Compensation, Stock Options, Activity

The following table summarizes the Company's stock option activity for the fiscal year presented:

	2023
	Number of Options	Weighted Average Exercise Price per Share ($)
Outstanding options, beginning of year	516,587	$	18.07
Granted	221,946	13.19
Exercised (1)	(60,769)	18.41
Expired	(17,493)	18.86
Forfeited	(19,918)	16.27
Outstanding options, end of year (2)	640,353	$	16.38
Fully vested and exercisable options, end of year (3)	387,796	$	17.81

(1) Stock options exercised during the fiscal year had an aggregate intrinsic value totaling $0.3 million.

(2) Stock options outstanding at the end of the fiscal year had $3.2 million intrinsic value.

(3) Fully vested and exercisable options at the end of the fiscal year had $1.4 million intrinsic value.

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair value of each option award at grant date was estimated using the Black-Scholes option-pricing model with the following assumptions made and resulting grant-date fair values during the fiscal years presented:

	2023			2022			2021
Expected volatility	51		%	46		%	41		%
Expected dividend yield	0		%	0		%	0		%
Risk-free interest rate	3.78		%	1.30		%	0.49		%
Expected term (in years)	4.5 - 6.0			4.5 - 6.0			2.7 - 6.0
Weighted-average grant-date fair value	$	6.17		$	7.04		$	6.58