Equity and Stock-based Compensation (Tables)

3 Months Ended

Dec. 31, 2018

Equity [Abstract]

Share-based Compensation, Stock Options, Activity

The following table summarizes our stock option activity during the three months ended December 31, 2018:

	Options			Weighted Average Exercise Price
Outstanding at beginning of period	1,248,758			$	7.69
Granted	154,850			5.52
Exercised	(10,984		)	3.34
Forfeited	(66,940		)	9.75
Outstanding at end of period	1,325,684			$	7.37
Exercisable at end of period	1,095,001			$	7.73
Weighted average fair value of options granted during the period	$	3.18

Fair Value Assumptions

The fair value of options was estimated at the applicable grant date using the Black-Scholes option pricing model with the following assumptions:

	Three Months Ended December 31, 2018
Risk free interest rate	3%
Expected life	6 years
Dividend rate	0%
Volatility	60%