Equity and Stock-Based Compensation (Tables)

3 Months Ended

Dec. 31, 2019

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Stock Option Activity

The following table summarizes our stock option activity during the three months ended December 31, 2019:

	Options			Weighted Average Exercise Price
Outstanding at beginning of period		1,068,665		$	7.04
Granted		8,500			6.60
Exercised		(117,625	)		5.96
Forfeited		(51,931	)		7.16
Outstanding at end of period		907,609		$	7.16
Exercisable at end of period		770,927		$	7.44
Weighted average fair value of options granted    during the period	$	3.62

Schedule of Fair Value of Stock Option Using Black-Scholes Option Pricing Model

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

	Three Months Ended December 31, 2019
Risk free interest rate		2	%
Expected life	6 years
Dividend rate		—	%
Volatility		58	%