Stockholders' Equity (Tables)

6 Months Ended

Mar. 31, 2023

Equity [Abstract]

Schedule of stock options using valuation assumptions

The expected term of options granted is derived from the output of the option valuation model and represents the period of time that options granted are expected to be outstanding; the range given below results from different timeframes for the various market conditions being met.

2020 Option Grant
Expected Volatility		26.0	%
Expected Term (in years)	3.61
Risk Free Rate		1.60	%

Schedule of treasury stock purchases and issuances

The following table illustrates the Company’s treasury stock activity for the six months ended March 31, 2023:

(in thousands, except share amounts)
	Shares			Cost
Balance as of September 30, 2022		829,150		$	27,948
Issued to employees and directors, net		(12,497	)		(332	)
Balance as of March 31, 2023		816,653		$	27,616