In June 2012, 2,000 shares of restricted stock were issued under the  2006 Plan to the Chairman of the Board, who was an employee of  the Company at the time the shares were issued. These shares were  issued at a price of $37.50 per share. The restricted stock grant  vests 50% per year over a two-year period on each anniversary of  the grant date. During the first quarter of Fiscal 2011, 26,000 shares of restricted  stock were issued to certain officers and key employees of the  Company with a fair value ranging from $30.79 to $32.12 per share  under the 2006 Plan. These restricted stock grants vest equally  over a three-year period on each anniversary of the grant date.  Compensation expense is recognized over a three-year period  based on the price per share on the grant date. In conjunction  with the separation of our former President and Chief Executive  Officer (CEO) in September 2011, the remaining unvested 7,601  shares previously issued to him became immediately vested and  were expensed in selling, general and administrative expenses.  At September 30, 2013 and 2012, there were 68,100 shares and  89,641 shares of unvested restricted stock outstanding. During the year ended September 30, 2013, we recorded  compensation expense of $2.1 million related to restricted stock  grants. We recorded compensation expense of $0.7 million and  $0.8 million related to restricted stock grants for the years ended  September 30, 2012 and 2011, respectively. We issue restricted stock units (RSUs) to certain officers and key  employees of the company. The RSUs vest over a three-year period  from their date of issuance. The fair value of the RSUs is based on  the closing price of our common stock as reported on the NASDAQ  Global Market (NASDAQ) on the grant dates. Sixty-percent of the  actual amount of the RSUs earned will be based on the cumulative  earnings as reported relative to the three-year performance cycle  which begins October 1 of the year granted, and ranges from 0%  to 150% of the target RSUs granted. The remaining forty-percent  of the RSUs are time-based and vest over a three-year period.  At September 30, 2013, there were 81,555 RSUs outstanding.  The RSUs do not have voting rights and do not receive dividends  on common stock; additionally, the shares of common stock  underlying the RSUs are not considered issued and outstanding  until actually issued. Total RSU activity (number of shares) for the past three years is  summarized below: We present the amortization of non-vested restricted stock as an  increase to additional paid-in capital. As of September 30, 2013  and 2012, amounts not yet recognized related to non-vested stock  totaled $2.1 million and $1.9 million, respectively. As of September  30, 2013, the total weighted average remaining contractual life  of our restricted stock and RSU’s is 1.43 years and 1.59 years,  respectively. We recorded compensation expense of $2.4 million  and $1.5 million related to RSUs for the years ended September  30, 2013 and 2012, respectively. For the year ended September 30,  2011, we recorded a reduction to compensation expense of $1.4  million related to RSUs, as the estimated earnings per share goals  were not met for the three-year cumulative performance cycle for all  RSU awards currently outstanding.  The 1992 Stock Option Plan, as amended (the 1992 Plan), permits  us to grant to key employees non-qualified options and stock  grants, subject to certain conditions and restrictions as determined  by the Compensation Committee of the Board of Directors and  proportionate adjustments in the event of stock dividends, stock  splits and similar corporate transactions. The maximum number  of shares that may be issued under the 1992 Plan is 2.7 million  shares. Stock options are granted at an exercise price equal to the  fair market value of the common stock on the date of the grant.  Generally, options granted have an expiration date of seven years  from the grant date and vest in increments of 20% per year over  a five-year period. Pursuant to the 1992 Plan, option holders who  exercise their options and hold the underlying shares of common  stock for five years are entitled to an additional stock grant equal to  20% of the original option shares. While restricted until the expiration  40 Stock Options Number of  Restricted  Stock Units Weighted  Average  Grant Date Fair Value  Per Share Outstanding at September 30, 2010 87,454 $ 38.96 Granted 39,048 30.94 Vested (57,124) 36.94 Forfeited — — Outstanding at September 30, 2011 69,378  $ 36.10 Granted 54,825 31.18 Vested (24,478) 38.71 Forfeited — — Outstanding at September 30, 2012 99,725 $ 32.69 Granted 58,775 39.05 Vested (66,383) 34.00 Forfeited (10,562) 33.46 Outstanding at September 30, 2013 81,555 $ 38.66