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STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
Assumptions used in the Black-Scholes model and the estimated value of options granted during the years ended September 30, 2014 and 2013 follows:
 
 
Years Ended
Valuation of Options
 
September 30,
2014
 
September 30,
2013
 
 
 
 
 
Assumptions for Black-Scholes:
 
 
 
 
Risk-free interest rate
 
1.32
%
 
0.55
%
Expected term in years
 
4.1

 
4.0

Volatility
 
48
%
 
49
%
Expected annual dividends
 
none

 
none

 
 
 
 


Value of options granted:
 
 
 


Number of options granted
 
50,500

 
50,000

Weighted average fair value per share
 
$
1.62

 
$
2.65

Fair value of options granted (000s)
 
$
82

 
$
133
Changes in Number of Options Outstanding with Other Related Data
A summary of stock option activity, together with other related data, follows:
 
 
Years Ended
 
 
September 30, 2014
 
September 30, 2013
Stock Options
 
Number
of Options
 
Wgtd.  Avg. Exercise Price
 
Number
of Options
 
Wgtd.  Avg. Exercise Price
 
 
 
 
 
 
 
 
 
Outstanding, beginning of period
 
246,383

 
$
4.38

 
280,789

 
$
3.82

Granted
 
50,500

 
4.12

 
50,000

 
6.91

Exercised
 
(23,237
)
 
1.53

 
(30,150
)
 
2.00

Shares withheld for payment of
taxes upon exercise of stock option
 
(4,346
)
 
1.72

 
—

 
—

Forfeited
 
(29,350
)
 
5.73

 
(45,756
)
 
5.52

Expired
 
(5,950
)
 
5.11

 
(8,500
)
 
2.01

Outstanding, end of period
 
234,000

 
$
4.48

 
246,383

 
$
4.38


 
 
 
 
 
 
 
 
For options expected to vest
 
 
 
 
 
 

 
 

Number expected to vest
 
212,455

 
$
4.47

 
234,967

 
$
4.29

Weighted average remaining term, in years
 
3.2

 
 
 
3.5

 
 

Intrinsic value (000s)
 
 
 
$
173

 
 

 
$
168


 
 
 
 
 
 
 
 
For exercisable options
 
 
 
 
 
 

 
 

Number exercisable
 
121,650

 
$
3.64

 
108,033

 
$
2.36

Weighted average remaining term, in years
 
1.7

 
 
 
1.8

 
 

Intrinsic value (000s)
 
 
 
$
161

 
 

 
$
168


 
 
 
 
 
 
 
 
For non-exercisable options
 
 
 
 
 
 

 
 

Expense not yet recognized (000s)
 
 
 
$
145

 
 

 
$
194

Weighted average years to be recognized
 
2.6

 
 
 
2.5

 
 


 
 
 
 
 
 
 
 
For options exercised
 
 
 
 
 
 
 
 
Intrinsic value (000s)
 
 
 
$
69

 
 

 
$
131
Schedule of Nonvested Stock Options Activity
Changes in the number of non-vested options outstanding, together with other related data, follows: 
 
 
Years Ended
 
 
September 30, 2014
 
September 30, 2013
Stock Options
 
Number
of Options
 
Wgtd. Avg.
Grant Date
Fair Value
 
Number
of Options
 
Wgtd. Avg.
Grant Date
Fair Value
 
 
 
 
 
 
 
 
 
Non-vested, beginning of period
 
138,350

 
$
2.51

 
157,150

 
$
2.42

Granted
 
50,500

 
1.62

 
50,000

 
2.65

Vested
 
(47,150
)
 
2.51

 
(23,044
)
 
2.26

Forfeited
 
(29,350
)
 
2.35

 
(45,756
)
 
2.51

Non-vested, end of period
 
112,350

 
$
2.15

 
138,350

 
$
2.51
Changes in Number of Restricted Non-vested Stock Outstanding with Other Related Data
A summary of restricted stock activity, together with related data, follows: 
 

Years Ended
 

September 30, 2014
 
September 30, 2013
Restricted (Non-vested) Stock

Number of
Non-vested
Shares

Wgtd. Avg.
Grant Date
Fair Value

Number of
Non-vested
Shares

Wgtd. Avg.
Grant Date
Fair Value
 
 
 
 
 
 
 
 
 
Outstanding, beginning of period

275,474


$
5.96


339,939


$
5.69

Granted

225,703


4.14


90,708


6.82

Vested

(88,586
)

5.71


(58,372
)

5.45

Shares withheld for payment of
taxes upon vesting of restricted stock

(18,615
)

4.28


(4,441
)

4.70

Forfeited

(71,103
)

5.88


(92,360
)

6.15

Outstanding, end of period

322,873


$
4.97


275,474


$
5.96



 

 

 

 
For non-vested shares

 


 

 


 

Expense not yet recognized (000s)

 

$
862


 


$
811

Weighted average remaining years for vesting

 


2.7


 


2.8



 

 

 

 
For shares vested

 


 

 


 

Aggregate fair value on vesting dates (000s)

 


$
454


 


$
388