Stock-Based Compensation (Tables)

12 Months Ended

Sep. 30, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Restricted stock transactions and outstanding

Restricted stock transactions and outstanding are summarized as follows:

	Years Ended September 30,
	2013				2012				2011
	Awards		Weighted Average Grant Date Fair Value		Awards		Weighted Average Grant Date Fair Value		Awards		Weighted Average Grant Date Fair Value
Beginning Outstanding	127,975		$	9.06	120,970		$	9.42	128,751		$	6.34
Awarded	—		—		60,600		7.98		35,517		17.28
Released	(58,771	)	7.81		(51,595	)	8.72		(43,298	)	6.78
Forfeited	(50	)	7.98		(2,000	)	7.22		—		—
Ending Outstanding	69,154		$	10.13	127,975		$	9.06	120,970		$	9.42

Stock-based compensation plans

Stock-based compensation expense for the fiscal years ended September 30, 2013, 2012 and 2011 reduced the Company’s results of operations as follows:

	Years Ended September 30,
	2013			2012			2011
	(dollars in thousands, except per share amounts)
Effect on income before income taxes (1)	$	(2,472	)	$	(1,763	)	$	(1,470	)
Effect on income taxes	$	512		$	255		$	495
Effect on net income	$	(1,960	)	$	(1,508	)	$	(975	)

(1) Stock-based compensation expense is included in selling, general and administrative expense

Stock-based compensation plans are summarized in the table below:

Name of Plan	Shares Authorized	Shares Available	Options Outstanding	Plan Expiration
2007 Employee Stock Incentive Plan	1,400,000	194,142	839,004	Mar. 2020
1998 Employee Stock Option Plan	500,000	—	72,710	Jan. 2008
Non-Employee Directors Stock Option Plan	350,000	65,600	147,853	Mar. 2020
		259,742	1,059,567

Stock option transactions and the options outstanding

Stock option transactions and the options outstanding are summarized as follows:

	Years Ended September 30,
	2013					2012					2011
	Options			Weighted Average Exercise Price		Options			Weighted Average Exercise Price		Options			Weighted Average Exercise Price
Outstanding at beginning of period	891,293			$	9.37	611,384			$	10.02	636,283			$	7.59
Granted	312,850			2.95		285,400			7.98		155,233			16.89
Exercised	(8,450		)	3.08		(600		)	5.33		(178,882		)	7.35
Forfeited/canceled	(136,126		)	15.75		(4,891		)	9.50		(1,250		)	6.94
Outstanding at end of period	1,059,567			6.71		891,293			$	9.37	611,384			$	10.02
Exercisable at end of period	874,591			$	7.13	400,638			$	9.25	232,018			$	8.31
Weighted average grant-date fair value of options granted during the period	$	1.82				$	4.95				$	10.57

Stock options outstanding and exercisable

The following tables summarize information for stock options outstanding and exercisable as of September 30, 2013:

	Options Outstanding
Range of Exercise Prices	Number Outstanding	Remaining Contractual Life	Average Exercise Price		Aggregate Intrinsic Value
		(in years)			(in thousands)
2.95-3.00	305,050	9.2	$	2.95	$	1,327
3.01-7.00	271,683	5.1	5.07		606
7.01-8.00	295,920	7.9	7.94		—
8.01-15.00	113,087	5.9	10.49		—
15.01-23.00	73,827	7.1	17.54		—
	1,059,567	7.3	$	6.71	$	1,933
Vested and expected  to vest as of September 30, 2013	1,057,477	6.7	$	7.29	$	1,925

	Options Exercisable
Range of Exercise Prices	Number Exercisable	Weighted Average Exercise Price		Aggregate Intrinsic Value
				(in thousands)
2.95-3.00	149,087	$	2.95	$	649
3.01-7.00	271,683	5.07		606
7.01-8.00	295,920	7.94		—
8.01-15.00	98,775	10.48
15.01 - 23.00	59,126	17.47		—
	874,591	$	7.13	$	1,255