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Stock option plan (Tables)
12 Months Ended
Sep. 30, 2020
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity The number of shares reserved for issuance as at September 30, 2020 is as follows:
 
(In thousands)
  
Shares
available
 
Outstanding at September 30, 2019
   56 
Additional shares authorized
   249 
Shares issued during the period
   (126
  
 
 
 
Outstanding at September 30, 2020
   179 
Activity Under The Equity Incentive Plans
Activity under the equity incentive plans during the year ended September 30, 2020 is as follows:
 
(In thousands, except per share data)
  
Shares
available
  
Options
outstanding
  
Weighted
average
exercise
price
per share
   
Weighted
average
remaining
contractual
term
(years)
   
Aggregate
intrinsic
value
 
Outstanding at September 30, 2019
   1,521   3,550  $15.99    8.3   $31,998 
Additional shares authorize
d
   1,000   —     —       
Stock options granted
   (1,481  1,481   35.49     
Stock options exercised
   —     (915  11.50     
Stock options forfeited
   203   (203  23.39     
Restricted stock units granted
   (312  —     —       
Early exercised options repurchased
   2   —     —       
Forfeiture of restricted stock units
   30   —     —       
Shares withheld for payment of taxes
   71   —     —       
  
 
 
  
 
 
  
 
 
     
Outstanding at September 30, 2020
   1,034   3,913  $24.35    8.1   $204,365 
  
 
 
  
 
 
  
 
 
   
 
 
   
 
 
 
Vested or expected to vest at September 30, 2020
    3,913  $24.35    8.1   $204,365 
Vested and exercisable at September 30, 2020
    1,312  $14.26    7.0   $80,995 
   
 
 
  
 
 
   
 
 
   
 
 
 
Schedule of Nonvested Restricted Stock Units Activity
Activity with respect to the Company’s restricted stock units during the year ended September 30, 2020 is as follows:
 
(in thousands, except per share data)
  
Number
of Shares
   
Weighted
average
grant
date fair
value per
share
   
Weighted
average
remaining
contractual
term (years)
   
Aggregate
Intrinsic
Value
 
Outstanding at September 30, 2019
   462   
$
26.16    3.9   $8,959 
Restricted stock units granted
   312    38.66    —      —   
Restricted stock units vested
   (175   26.36    —      —   
Restricted stock units forfeited
   (30   26.12    —      —   
Outstanding at September 30, 2020
   569   $32.96    3.2   $43,260 
  
 
 
   
 
 
   
 
 
   
 
 
 
Expected to vest at September 30, 2020
   569   $32.96    3.2   $43,260 
  
 
 
   
 
 
   
 
 
   
 
 
 
Total Stock-based Compensation Expense
Total stock-based compensation expense recognized were as follows:
 
   
Year ended
September 30,
 
(in thousands)
  
2020
   
2019
   
2018
 
Cost of revenues
  $1,290   $1,345   $376 
Research and development
   3,346    2,378    705 
Selling, general and administrative
   12,460    7,447    1,880 
  
 
 
   
 
 
   
 
 
 
Total stock-based compensation
  $17,096   $11,170   $2,961 
  
 
 
   
 
 
   
 
 
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The fair value of options granted during the years ended September 30, 2020, 2019 and 2018, respectively, were calculated using the weighted average assumptions set forth below:
 
   
Year ended
September 30,
 
   
2020
  
2019
  
2018
 
Expected term (years)
   6.2   6.4   6.3 
Expected volatility
   62.1  60.2  66.3
Risk-free interest rate
   1.3  2.7  2.7
Dividend yield
   0  0  0