Equity and Stock-based Compensation (Tables)

9 Months Ended

Jun. 30, 2018

Equity [Abstract]

Share-based Compensation, Stock Options, Activity

The following table summarizes our stock option activity during the nine months ended June 30, 2018:

	Options			Weighted Average Exercise Price
Outstanding at beginning of period	1,560,441			$	7.95
Granted	44,000			7.40
Exercised	(276,029		)	6.72
Forfeited	(74,368		)	16.73
Outstanding at end of period	1,254,044			$	7.68
Exercisable at end of period	1,012,503			$	7.93
Weighted average fair value of options granted during the period	$	4.20

Fair Value Assumptions

The fair value of options was estimated at the applicable grant date using the Black-Scholes option pricing model with the following assumptions:

	Nine Months Ended June 30, 2018
Risk free interest rate	3%
Expected life	6 years
Dividend rate	0%
Volatility	59%