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Employee Benefit Plans Employee Benefit Plans (Notes)
12 Months Ended
Sep. 30, 2019
Share-based Payment Arrangement [Abstract]  
Share-based Payment Arrangement [Text Block]
Employee Benefit Plans

Retirement Plans

The Company has a 401(k) plan for all employees who have been with the Company for a period of six months or more. The Company matches portions of employees’ voluntary contributions. Additional employer contributions in the form of profit sharing may also be made at the Company’s discretion. The Company recorded expense of $0.2 million in fiscal 2019, $0.1 million in the nine months ended September 30, 2018 and $0.7 million in fiscal 2017 for matching contributions.

Restricted Stock Units (RSUs)

The Company’s Stock Incentive Plan provides for the granting of stock options and restricted stock units to executive officers, other key employees and non-management directors. Restricted stock unit awards may be based on performance (performance-based) or on service over a requisite time period (time-based). Performance-based and time-based RSU equity awards represent the contingent right to receive one share of the Company’s common stock per RSU if the vesting conditions and/or performance criteria are satisfied.

The Company granted time-based RSUs during fiscal 2019 and in the nine months ended September 30, 2018. The time-based RSUs vest annually in equal installments over periods of three to five years and have no voting rights until vested. The following table provides additional information related to time-based RSU activity during fiscal 2019 and in the nine months ended September 30, 2018.

 
Year Ended 
 September 30, 2019
 
Nine Months Ended 
 September 30, 2018
 
Number of Restricted Stock Units
 
Weighted Average Grant Date Fair Value
 
Number of Restricted Stock Units
 
Weighted Average Grant Date Fair Value
 
 
 
 
 
 
 
 
Outstanding at beginning of period
86,500

 
$
18.09

 
85,994

 
$
17.54

Granted
149,400

 
20.24

 
12,000

 
22.35

Vested
(23,740
)
 
18.03

 
(500
)
 
18.40

Cancelled
(11,200
)
 
18.39

 
(10,994
)
 
18.40

Outstanding at end of period
200,960

 
$
19.68

 
86,500

 
$
18.09



The total fair value of shares vested on the vesting date during fiscal 2019, the nine months ended September 30, 2018 and fiscal 2017 was $0.4 million, $0.0 million and $14.9 million, respectively. For fiscal 2019, the nine months ended September 30, 2018, and fiscal 2017, compensation expense related to time-based RSUs was $1.3 million, $0.3 million and $5.0 million respectively, and fiscal 2019 includes $0.6 million of stock based compensation expense related to employees that were retirement eligible on the date of grant. These expenses are included in selling, general and administrative expense in the Company's consolidated statements of operations. At September 30, 2019, there was $2.6 million of unrecognized compensation expense related to unvested time-based RSU awards. This expense is expected to be recognized over a weighted average period of 2.3 years.