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Stock-Based Compensation Plans (Tables)
12 Months Ended
Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation Expenses

The Company’s stock-based compensation expenses for the years ended September 30 were allocated to the following expense categories (in thousands):

 

     2014      2013      2012  

Product costs

   $ 16       $ 22       $ 35   

Research and development

     175         180         511   

Selling, general and administrative

     3,146         2,350         2,125   
  

 

 

    

 

 

    

 

 

 

Total continuing operations

     3,337         2,552         2,671   

Discontinued operations

                     62   
  

 

 

    

 

 

    

 

 

 

Total stock-based compensation expense

   $ 3,337       $ 2,552       $ 2,733   
  

 

 

    

 

 

    

 

 

 
Assumptions Used in Stock Option Plans

 The assumptions used as inputs in the model for the years ended September 30 were as follows:

 

     2014     2013     2012  

Risk-free interest rates

     1.19     0.60     0.82

Expected life

     4.6 years        4.8 years        4.8 years   

Expected volatility

     45     49     50

Dividend yield

     0     0     0
Schedule of Stock Option Activity

The following table summarizes all stock options activity and stock options outstanding and exercisable under the stock option plans during fiscal 2014, 2013 and 2012:

 

     Number of
Shares
    Weighted
Average
Exercise Price
 

Outstanding at September 30, 2011

     1,515,188      $ 25.59   

Granted

     299,832        12.46   

Exercised

     (11,379     10.03   

Forfeited

     (478,203     29.76   
  

 

 

   

Outstanding at September 30, 2012

     1,325,438      $ 21.25   

Granted

     178,924        20.85   

Exercised

     (10,273     14.40   

Forfeited

     (125,105     33.47   
  

 

 

   

Outstanding at September 30, 2013

     1,368,984      $ 20.13   

Granted

     138,837        22.71   

Exercised

     (190,434     14.42   

Forfeited

     (106,768     31.26   
  

 

 

   

Outstanding at September 30, 2014

     1,210,619      $ 20.35   
  

 

 

   

Exercisable at September 30, 2014

     845,089      $ 21.48   
  

 

 

   

Schedule of Restricted Stock Awards Activity

The following table summarizes all restricted stock awards activity during fiscal 2014, 2013 and 2012:

 

     Number of
Shares
    Weighted
Average
Grant Price
 

Balance at September 30, 2011

     72,627      $ 12.25   

Vested

     (67,627     11.52   

Forfeited

     (1,000     22.35   
  

 

 

   

Balance at September 30, 2012

     4,000      $ 22.11   

Vested

     5,234        23.88   

Forfeited

     (4,000     22.11   
  

 

 

   

Balance at September 30, 2013

     5,234      $ 23.88   

Granted

     22,155        22.67   

Vested

     (7,991     23.98   

Forfeited

     (774     22.58   
  

 

 

   

Balance at September 30, 2014

     18,624      $ 22.45   
  

 

 

   
Schedule of Fair Value at the Date of Grant

The aggregate number of shares that could be awarded to key employees if the minimum, target and maximum performance goals are met, based upon the fair value at the date of grant is as follows:

 

Performance Period

   Minimum Shares      Target Shares      Maximum Shares  

Fiscal 2012 — 2014

     12,499         62,497         98,093   

Fiscal 2013 — 2015

     8,551         42,753         85,506   

Fiscal 2014 — 2016

     7,861         39,303         78,606