ORGANIZATION AND ACCOUNTING POLICIES (Tables)

6 Months Ended

Mar. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SUMMARY OF STOCK OPTIONS OUTSTANDING

During the six months ended March 31, 2020 and 2019, the following stock options, which vest one year after grant date, were granted under our Stock Option Plan:

Date of Grant	Number of Employees	Number of Shares (in thousands)	Option Price		Expiration Date
01/13/20	1	65	$	14.55	01/13/28
01/10/19	1	65	$	12.86	01/10/27
12/10/18	12	385	$	13.64	12/10/26

SCHEDULE OF STOCK OPTIONS, VALUATION ASSUMPTIONS

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions used for grants in the fiscal year indicated:

	Fiscal 2020		Fiscal 2019
Dividend yield		4.67%		5.03%
Expected volatility		18.40%		17.17%
Risk-free interest rate		1.76%		2.88%
Expected lives (years)		8		8
Estimated forfeitures		0		0