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SHARE-BASED PAYMENT (Tables)
6 Months Ended
Mar. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Assumptions used to calculate the fair value of awards
The following table shows the weighted-average assumptions we used to calculate fair value of share-based options using the Black-Scholes model, as well as the weighted-average fair value of options granted and the weighted-average intrinsic value of options exercised. We granted 15,400 options from the Plan during the three months ended March 31, 2013 and during the six months ended March 31, 2013, we granted 362,900 options from the Plan.
 
 
 
Three months ended
March 31,
  
Six months ended
March 31,
 
 
 
2013
  
2012
  
2013
  
2012
 
Weighted-average assumptions used in Black-Scholes model:
 
  
  
  
 
Expected period that options will be outstanding (in years)
  
5.00
   
5.00
   
5.00
   
5.00
 
Interest rate (based on U.S. Treasury yields at time of grant)
  
0.90
%
  
0.73
%
  
0.63
%
  
0.93
%
Volatility
  
47.88
%
  
49.09
%
  
48.09
%
  
48.76
%
Dividend yield
  
   
   
   
 
Weighted-average fair value of options granted
 
$
2.49
  
$
1.86
  
$
2.16
  
$
1.53
 
Weighted-average intrinsic value of options exercised (in thousands)
 
$
14
  
$
0
  
$
46
  
$
0
 
Stock option activity
Stock option activity for all option grants for the six months ended March 31, 2013 is as follows:

 
 
  
Weighted-average
  
 
(in thousands, except per share data)
 
Shares
under option
  
Exercise
price
  
Remaining
contractual term
  
Aggregate
intrinsic value
 
Options outstanding at September 30, 2012
  
3,160
  
$
5.94
  
  
 
Granted
  
363
   
5.26
  
  
 
Exercised
  
(81
)
  
4.97
  
  
$
46
 
Forfeitures or expirations
  
(196
)
  
8.73
  
     
Options outstanding at March 31, 2013
  
3,246
  
$
5.72
   
7.35 years
  
$
1,949
 
Options vested and expected to vest at March 31, 2013
  
2,813
  
$
5.83
   
7.48 years
  
$
763
 
Options exercisable at March 31, 2013
  
1,704
  
$
6.48
   
6.3 years
  
$
737
 

Restricted stock units awards outstanding
In accordance with our Board compensation package, our non-employee Board members are awarded 9,000 restricted stock units annually upon their election to our Board at our annual meeting. The following awards are outstanding as of March 31, 2013:

 
 
Total restricted stock units awarded
 
Vesting date
2012 annual meeting
  
63,000
 
April 13, 2013

Expense related to the restricted stock unit awards
The following table provides information on the expense related to the restricted stock unit awards to the Board of Directors:

(in thousands)
 
2012 annual meeting
 
Expense recognized for the quarter ended March 31, 2013
 
$
91
 
Expense recognized through March 31, 2013
  
342
 
Expense to be recognized through vesting date
  
351