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STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Sep. 30, 2018
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, 2018 and 2017 follows:
 
 
Years Ended
Valuation of Options
 
September 30,
2018
 
September 30,
2017
 
 
 
 
 
Assumptions for Black-Scholes:
 
 
 
 
Risk-free interest rate
 
2.84
%
 
1.50
%
Expected term in years
 
5.5

 
4.0

Volatility
 
33
%
 
39
%
Expected annual dividends
 
none

 
none

 
 
 
 


Value of options granted:
 
 
 


Number of options granted
 
120,000

 
57,500

Weighted average fair value per share
 
$
1.84

 
$
1.19

Fair value of options granted (000s)
 
$
221

 
$
68
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, 2018
 
September 30, 2017
Stock Options
 
Number
of Options
 
Wgtd.  Avg. Exercise Price
 
Number
of Options
 
Wgtd.  Avg. Exercise Price
 
 
 
 
 
 
 
 
 
Outstanding, beginning of period
 
743,045

 
$
4.27

 
759,795

 
$
4.43

Granted
 
120,000

 
5.19

 
57,500

 
3.64

Exercised
 
(1,400
)
 
4.08

 
—

 
—

Forfeited
 
(114,000
)
 
4.78

 
(44,500
)
 
5.67

Expired
 
(10,500
)
 
5.24

 
(29,750
)
 
5.04

Outstanding, end of period
 
737,145

 
$
4.33

 
743,045

 
$
4.27

 
 
 
 
 
 
 
 
 
For options expected to vest
 
 
 
 
 
 

 
 

Number expected to vest
 
724,398

 
$
4.32

 
727,403

 
$
4.29

Weighted average remaining life, in years
 
4.0

 
 
 
4.6

 
 

Intrinsic value (000s)
 
 
 
$
733

 
 

 
$
545

 
 
 
 
 
 
 
 
 
For exercisable options
 
 
 
 
 
 

 
 

Number exercisable
 
426,358

 
$
4.24

 
332,472

 
$
4.40

Weighted average remaining life, in years
 
3.3

 
 
 
4.1

 
 

Intrinsic value (000s)
 
 
 
$
467

 
 

 
$
229

 
 
 
 
 
 
 
 
 
For non-exercisable options
 
 
 
 
 
 

 
 

Expense not yet recognized (000s)
 
 
 
$
343

 
 

 
$
416

Weighted average years to be recognized
 
2.8

 
 
 
1.8

 
 

 
 
 
 
 
 
 
 
 
For options exercised
 
 
 
 
 
 
 
 
Intrinsic value (000s)
 
 
 
$
2

 
 

 
$
—
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, 2018
 
September 30, 2017
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
 
109,695

 
$
4.01

 
115,950

 
$
4.16

Granted
 
44,878

 
4.29

 
39,576

 
3.79

Vested
 
(40,107
)
 
4.11

 
(31,559
)
 
4.25

Shares withheld for payment of
taxes upon vesting of restricted stock
 
(1,743
)
 
3.70

 
(1,825
)
 
4.27

Forfeited
 
(9,490
)
 
4.20

 
(12,447
)
 
4.03

Outstanding, end of period
 
103,233

 
$
4.08

 
109,695

 
$
4.01

 
 
 
 
 
 
 
 
 
For non-vested shares
 
 

 
 
 
 

 
 

Expense not yet recognized (000s)
 
 
 
$
315

 
 

 
$
328

Weighted average remaining years for vesting
 
 

 
1.7

 
 
 
1.7

 
 
 
 
 
 
 
 
 
For shares vested
 
 

 
 
 
 

 
 

Aggregate fair value on vesting dates (000s)
 
 

 
$
187

 
 

 
$
123