Note 9 - Stock-based Compensation |
9 Months Ended |
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Jun. 30, 2026 | |
| Notes to Financial Statements | |
| Share-Based Payment Arrangement [Text Block] |
9. Stock-Based Compensation
During the nine months ended June 30, 2026, the Company issued 147,250 restricted stock units (“RSUs”) under its 2014 Long Term Incentive Plan, as amended. The RSUs issued include both time-based and performance-based vesting provisions. The weighted average grant date fair value of each RSU granted was $11.14 per unit. Compensation expense for the RSUs was determined based on the closing market price of the Company’s stock on the date of grant to the total number of units that are anticipated to fully vest. Each RSU represents a contingent right to receive one share of the Company’s common stock upon vesting. As of June 30, 2026, there were 283,134 RSUs outstanding.
For the three and nine months ended June 30, 2026, stock-based compensation expense was $0.3 million and $1.0 million, respectively. For the three and nine months ended June 30, 2025 stock-based compensation expense was $0.3 million and $1.2 million, respectively. The Company accounts for forfeitures as they occur and records compensation costs under the assumption that the holder will complete the requisite service period. As of June 30, 2026, the Company had unrecognized compensation expense of $2.2 million relating to RSUs that is expected to be recognized over the next years.
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