Stock-Based Compensation (Tables)

6 Months Ended

Mar. 31, 2020

Share-based Payment Arrangement [Abstract]

Weighted Average Assumptions Used to Estimate Fair Value of Stock Option Grants

In addition to the exercise and grant date prices of the stock option awards, certain weighted average assumptions that were used to estimate the fair value of stock option grants are listed in the following table:

	Quarter Ended March 26, 2019 Incentive and Non-Qualified Stock Options
Expected term (years)	7.5
Expected volatility	70.65% to 70.80%
Risk-free interest rate	3.01% to 3.10%
Expected dividends	-

Summary of Stock Option Activity Under Share Based Compensation Plan

The following table summarizes stock option activity for the quarter ended March 31, 2020 under all plans:

	Shares			Weighted Average Exercise Price		Weighted Avg. Remaining Contractual Life (Yrs.)
Outstanding at beginning of year		703,164		$	3.53
Options exercised		(15,646	)	$	1.48
Forfeited		(45,963	)	$	3.78
Expired		(8,579	)	$	3.45
Outstanding March 31, 2020		632,976		$	3.56		5.6
Exercisable March 31, 2020		457,872		$	3.37		4.7

Schedule of Non-vested Restricted Stock Activity

A summary of the status of non-vested restricted stock as of March 31, 2020 is presented below.

	Shares			Grant Date Fair Value Per Share
Non-vested shares at beginning of year		165,275			$2.70 to $3.95
Granted		60,336			$1.54 to $1.67
Forfeited		(8,992	)		$3.55 to $3.95
Vested		(100,499	)		$1.67 to $4.18
Non-vested shares at March 31, 2020		116,120			$2.70 to $4.18