Repurchase of Common Stock

6 Months Ended

Mar. 31, 2020

Repurchase Of Common Stock [Abstract]

Repurchase of Common Stock

13.          Repurchase of Common Stock

On November 13, 2007, the Board of Directors authorized the Company to purchase 250 thousand shares of its outstanding common stock.  On February 3, 2009, the Board of Directors authorized the Company to purchase up to 350 thousand additional shares of the Company's outstanding common stock at market price.

On February 8, 2011, the Board of Directors authorized the Company to purchase up to 250 thousand additional shares of the Company's outstanding common stock at market price. The plan does not expire. Pursuant to the aforementioned authorization, the Company repurchased 6 thousand shares of its outstanding common stock on the open market during the six months ended March 31, 2020. As of March 31, 2020, approximately 195 thousand shares remain authorized to repurchase under the stock repurchase program.