STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement [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 fiscal years ended September 30, 2020 and 2019 follows:

	Years Ended
Valuation of Options	September 30, 2020			September 30, 2019
Assumptions for Black-Scholes:
Risk-free interest rate	0.46		%	1.64		%
Expected term in years	5.5			5.5
Volatility	40		%	37		%
Expected annual dividends	none			none
Value of options granted:
Number of options granted	47,500			70,000
Weighted average fair value per share	$	2.77		$	2.40
Fair value of options granted (000s)	$	132		$	168

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, 2020			September 30, 2019
Stock Options	Number of Options	Wgtd.  Avg. Exercise Price		Number of Options	Wgtd.  Avg. Exercise Price
Outstanding, beginning of period	743,145	$	4.54	737,145	$	4.33
Granted	47,500	6.00		70,000	6.40
Exercised	(100,500)	4.32		(34,000)	4.46
Forfeited	(15,000)	3.92		(24,250)	3.70
Expired	(5,000)	6.91		(5,750)	4.06
Outstanding, end of period	670,145	$	4.67	743,145	$	4.54
For options expected to vest
Number expected to vest	662,160	$	4.66	733,068	$	4.52
Weighted average remaining life, in years	3.3			3.5
Intrinsic value (000s)		$	2,656		$	1,757
For exercisable options
Number exercisable	506,145	$	4.31	566,146	$	4.22
Weighted average remaining life, in years	2.1			2.5
Intrinsic value (000s)		$	2,198		$	1,521
For non-exercisable options
Expense not yet recognized (000s)		$	339		$	329
Weighted average years to be recognized	2.8			3.3
For options exercised
Intrinsic value (000s)		$	444		$	77

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, 2020			September 30, 2019
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	82,707	$	5.25	103,233	$	4.08
Granted	24,850	5.03		32,385	7.09
Vested	(44,482)	4.80		(51,511)	4.09
Forfeited	(13,250)	6.09		(1,400)	4.13
Outstanding, end of period	49,825	$	5.32	82,707	$	5.25
For non-vested shares
Expense not yet recognized (000s)		$	229		$	328
Weighted average remaining years for vesting		1.5			2.0
For shares vested
Aggregate fair value on vesting dates (000s)		$	317		$	346

A summary of restricted stock unit activity, together with related data, follows: 

	Years Ended
	September 30, 2020			September 30, 2019
Restricted Stock Units	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	153,186	$	5.36	170,492	$	3.96
Granted	50,556	9.19		63,011	7.09
Vested	(17,015)	3.58		(12,258)	4.64
Forfeited	—	—		(68,059)	3.58
Outstanding, end of period	186,727	$	6.56	153,186	$	5.36
For non-vested shares
Expense not yet recognized (000s)		$	762		$	659
Weighted average remaining years for vesting		1.8			2.2
For shares vested
Aggregate fair value on vesting dates (000s)		$	86		$	—