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Stock-Based Compensation
3 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation
16. Stock-Based Compensation

  

The Company’s stock-based compensation plans authorize awards of RSUs, stock options and other equity-related awards. As of December 31, 2018, there were 2,426,521 shares subject to outstanding awards, including approximately 1,092,633 shares subject to market-price vesting conditions, and 1,079,101 shares available for new awards.

  

A summary of the Company’s RSUs activity during the three month period ended December 31, 2018 is as follows:

  

    Number of
Shares
 
       
Unvested Outstanding at September 30, 2018     1,729,491  
Granted      
Forfeited     (13,202 )
Vested     (8,000 )
Unvested Outstanding at December 31, 2018     1,708,289  

  

In addition, during the three-month period ended December 31, 2018, a total of 9,806 shares were issued and 1,059 withheld for taxes in connection with the net settlement of awards of RSUs.

  

Stock-based compensation is recognized as an expense on a straight-line basis over the requisite service period, which is generally the vesting period.

  

The Company recognized stock-based compensation expense as follows:

  

   

Three Months Ended  

December 31, 

 
    2018     2017  
             
Restricted Stock and RSUs   $ 1,615     $ 783  
Modification of awards (1)           2,105  
Payroll taxes on vesting of RSUs           310  
    $ 1,615     $ 3,198  

  

  (1) Reflects incremental compensation cost recognized in December 2017 in connection with the modification of certain awards held by two executive officers of the Company.