Stock-Based Compensation

6 Months Ended

Mar. 31, 2019

Share-based Payment Arrangement [Abstract]

Stock-Based Compensation

17. Stock-Based Compensation

The Company’s stock-based compensation plans authorize awards of RSUs, stock options and other equity-related awards. As of March 31, 2019, there were 2,489,197 shares subject to outstanding awards, including 1,092,633 shares subject to market-price vesting conditions, and 1,016,425 shares available for new awards. 

A summary of the Company’s RSUs activity during the six month period ended March 31, 2019 is as follows: 

	Number of Shares
Unvested Outstanding at September 30, 2018		1,729,491
Granted		62,676
Forfeited		(13,202	)
Vested		(23,242	)
Unvested Outstanding at March 31, 2019		1,755,723

In addition, during the six months ended March 31, 2019, a total of 9,806 shares were issued and 1,059 shares 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 for Restricted Stock and RSU’s amounting to $2,080 and $1,251 for the three months ended March 31, 2019 and 2018, respectively.