Annual report pursuant to Section 13 and 15(d)

Share-Based Compensation (Tables)

v3.24.3
Share-Based Compensation (Tables)
12 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Compensation Expense
The following table summarizes the components of share-based compensation expense included in general and administrative expenses in the Consolidated Statements of Comprehensive Income during the fiscal years ended September 30, 2024, 2023 and 2022 (in thousands):
For the Fiscal Year Ended September 30,
2024 2023 2022
Equity classified awards $ 10,735  $ 10,759  $ 8,000 
Liability classified awards 3,677  —  — 
Employee stock purchase plan 619  —  — 
Total share-based compensation expense $ 15,031  $ 10,759  $ 8,000 
Schedule of Nonvested Restricted Stock Units Activity A summary of the changes in the Company’s restricted stock is as follows (in thousands, except share data):
For the Fiscal Year Ended September 30,
2024 2023 2022
RSUs Weighted Average Grant Date Fair Value Per RSU RSUs Weighted Average Grant Date Fair Value Per RSU RSUs Weighted Average Grant Date Fair Value Per RSU
Unvested shares, beginning balance 824,280 28.41 715,724 29.34 595,561 25.42
Shares awarded 110,113 45.70 210,412 26.21 256,167 32.62
Shares vested (421,873) 29.05 (76,963) 31.01 (134,481) 18.19
Shares forfeited (3,349) 32.11 (24,893) 28.36 (1,523) 33.77
Unvested shares, ending balance 509,171 31.59 824,280 28.41 715,724 29.34
Aggregate grant date fair value of awards $ 5,032  $ 5,514  $ 8,356 
Compensation expense recorded upon vesting of awards 8,416  8,717  6,966 
Unrecognized compensation expense at fiscal year-end 6,331  9,766  15,152 
Weighted average recognition period remaining, in years 2.5 2.5 2.5
Schedule of Share-Based Compensation Arrangements by Share-Based Payment Award, Options, expected to Vest
The restricted shares granted under the Equity Incentive Plan will vest, as applicable, as follows:
Fiscal Year Number of Shares
2025 369,822 
2026 85,867 
2027 23,482 
2028 15,000 
2029 15,000 
Total 509,171