v3.26.1
Stock-based Compensation (Tables)
6 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Schedule of Restricted Stock Awards and Restricted Stock Units
Restricted Stock Awards (“RSAs”)
Restricted Stock AwardsSharesWeighted-
Average
Grant Date
Fair Value
Outstanding at October 1, 20258,750$37.82 
Vested(8,750)(37.82)
Outstanding at March 31, 2026$— 
On December 23, 2024, the Company granted MRSUs to one of its executives, which will be eligible to be earned if at any time prior to September 30, 2027, the average 30-day closing per share price of the Company’s Common Stock exceeds the applicable price per share thresholds set forth below:

Price Per Share Threshold
Number of MRSUs Earned
$35 per share
5,000
$40 per share
12,500
$45 per share
20,500
Market-based Restricted Stock UnitsSharesWeighted-
Average
Grant Date
Fair Value
Outstanding at October 1, 202538,000 $12.32 
Outstanding at March 31, 202638,000$12.32 
a.The weighted average remaining contractual term is 1.5 years and the aggregate intrinsic value of MRSUs expected to vest is $1,568.
Schedule of Share-Based Payment Arrangement, Option
Stock Option Grants
Number of
Options
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term
(years)
Aggregate
Intrinsic
Value
(in thousands)
Vested & Outstanding - October 1, 202536,500$33.74 
Exercised(8,000)33.96 
Forfeitures/expired(1,500)33.96 
Vested and outstanding - March 31, 202627,000$33.66 0.81,114
Schedule of Share-Based Payment Award, Valuation Assumptions
The assumptions used in the Monte Carlo simulation model to calculate the fair value of the Company’s MRSUs on the grant date are as follows:

Expected volatility of stock price33.14 %
Risk-free interest rate4.26 %
Expected term of awards (years)2.77
Dividend yield0.76 %
Grant date stock price$26.15