Share-Based Compensation (Tables)

3 Months Ended

Dec. 31, 2012

Summary of Outstanding and Non-Vested Stock Option and Restricted Stock Activity

A summary of our outstanding and non-vested stock option and restricted stock activity for the three months ended December 31, 2012 is as follows:

	Stock Options								Restricted Stock
	Outstanding				Non-Vested				Outstanding and Non-Vested
			Weighted				Weighted				Weighted
			Average				Average				Average
			Exercise				Fair				Fair
			Price				Value				Value
	Shares		Per Share		Shares		Per Share		Shares		Per Share
Balance, September 30, 2012		612,071	$	8.47		138,835	$	3.55		64,497	$	7.52
Granted		47,470		11.93		47,470		5.41		36,060		11.93
Vested		-		-		(77,184)		3.61		(29,505)		7.42
Exercised		(30,681)		8.08		-		-		-		-
Expired / Cancelled		(13,000)		8.32		-		-		-		-
Balance, December 31, 2012		615,860		8.76		109,121		4.31		71,052		9.80

Summary of Exercisable Stock Options

A summary of our exercisable stock options as of December 31, 2012 is as follows:

Number of vested stock options		506,739
Weighted-average exercise price per share	$	8.60
Aggregate intrinsic value	$	3,497
Weighted-average remaining contractual term in years		5.1

Fair Value of Stock Option

We determine the fair value of stock option awards at their grant date, using a Black-Scholes Option-Pricing model applying the assumptions in the following table. We determine the fair value of restricted stock awards based on the fair market value of our common stock on the grant date. Actual compensation, if any, ultimately realized by optionees may differ significantly from the amount estimated using an option valuation model.

	Three Months Ended
	December 31,
	2012		2011
Weighted-average grant date fair value per share of options granted	$	5.41	$	3.46
Significant fair value assumptions:
Expected term in years		5.70		5.70
Expected volatility		49%		49%
Expected dividends		0%		0%
Risk-free interest rates		0.64%		0.85%
Total intrinsic value of options exercised	$	503	$	-
Aggregate cash received for option exercises	$	248	$	-
Compensation cost (included in operating expenses)
Stock options	$	94	$	125
Restricted stock		159		92
Total		253		217
Tax benefit recognized		64		40
Net compensation cost	$	189	$	177
As of period end date:
Total compensation cost for non-vested awards not yet recognized:
Stock options	$	285	$	281
Restricted stock	$	438	$	323
Weighted-average years to be recognized
Stock options		1.8		1.8
Restricted stock		1.8		1.9

Summary of RSU Activity

A summary of our RSU activity for the three months ended December 31, 2012 is as follows:

			Weighted-
			Average Grant
	Number of		Date Fair Value
	Units		Per Unit
Outstanding, September 30, 2012		-		-
Grants		77,231	$	11.93
Forfeitures		-		-
Vested		-		-
Outstanding, December 31, 2012		77,231	$	11.93

Estimated Compensation Expenses For RSU Award

A summary of estimated compensation expense for RSU awards is as follows:

	Three Months Ended
	December 31,
	2012		2011
Compensation cost (included in operating expenses)	$	36	$	-
Tax benefit recognized		14		-
Net compensation cost	$	22	$	-
As of period end date:
Total compensation cost for non-vested awards not yet recognized	$	1,156	$	-
Weighted-average years to be recognized		1.8		-