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Stock-Based Compensation (Tables)
6 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expense The following table presents a summary of stock-based compensation expense related to stock options and restricted stock awards for the periods presented:
Three Months EndedSix Months Ended
March 31,March 31,
in thousands2025202420252024
Stock-based compensation expense$1,712 $1,389 $3,625 $3,062 
Schedule of Stock Options Outstanding
Following is a summary of stock option activity for the six months ended March 31, 2025:
Six Months Ended
 March 31, 2025
 SharesWeighted Average
Exercise Price
Outstanding at beginning of period11,150 $10.04 
Granted1,692 22.38 
Exercised(10,900)9.79 
Outstanding at end of period1,942 22.18 
Exercisable at end of period100 $10.30 
Schedule of Nonvested Stock Awards Activity
Following is a summary of restricted stock activity for the six months ended March 31, 2025:
Six Months Ended March 31, 2025
 Performance-Based Restricted SharesTime-Based Restricted SharesTotal Restricted Shares
Beginning of period303,712 415,787 719,499 
Granted
96,603 176,957 273,560 
Vested (71,470)(222,395)(293,865)
Forfeited(a)
(21,357)(7,967)(29,324)
End of period307,488 362,382 669,870 
(a) Each of our performance shares represent a contingent right to receive one share of the Company's common stock if vesting is satisfied at the end of the three-year performance period. Our performance stock award plans provide that any performance shares earned in excess of the target number of performance shares issued may be settled in cash or additional shares at the discretion of the Human Capital Committee. We have no current plans to settle any additional performance-based restricted shares in the future in cash. During November 2024, the Company forfeited 17,875 of the 89,345 performance shares that remained outstanding under the fiscal 2022 performance-based award plan. The forfeiture was determined based on the performance level achieved under the terms of the plan.