Stockholder's Equity (Tables)

12 Months Ended

Sep. 30, 2020

Schedule of Non-vested Restricted Stock Units

Restricted Units are not included in issued and outstanding common stock until the shares are vested and released. The table below summarizes activity related to Restricted Stock Units:

	Non-Vested Restricted Stock Units
	Time-Based Shares			Performance- Based Shares			Total Shares			Weighted- Average Grant-Date Fair Value		Weighted- Average Remaining Contractual Term (years)		Aggregate Intrinsic Value (in thousands)
Non-vested at October 1, 2019		—			—			—		$	—
Granted		2,758,634			778,968			3,537,602		$	18.87
Vested		(642,404	)		—			(642,404	)	$	20.06
Forfeited		(73,312	)		(7,581	)		(80,893	)	$	17.54
Non-vested at September 30, 2020		2,042,918			771,387			2,814,305		$	18.63		0.98	$	137,529
Expected to vest								2,814,305		$	18.63		0.98	$	137,529

Weighted-Average Key Assumptions and Fair Value Results for Shares Issued under ESPP

We use the Black-Scholes option pricing model to calculate the fair value of shares issued under the ESPP. The Black-Scholes model relies on a number of key assumptions to calculate estimated fair values. The following table sets forth the weighted-average key assumptions and fair value results for shares issued under the ESPP during the fiscal year ended September 30, 2020:

	Year Ended September 30,
	2020
Expected dividend yield		0.00	%
Risk-free interest rate		1.56	%
Expected volatility		58.18	%
Expected life (in years)		0.50
Weighted-average fair value of shares issued (per share)	$	8.93

Quantities and Average Prices of Shares Issued Under the ESPP

The following table sets forth the quantities and average prices of shares issued under the ESPP for the fiscal year ended September 30, 2020:

	Year Ended September 30,
	2020
Shares issued under the ESPP		63,503
Average price of shares issued		20.66

Schedule of Stock-based Compensation

The amounts included in the Consolidated and Combined Statements of Operations related to stock-based compensation are as follows (dollars in thousands):

	Year Ended September 30,
	2020		2019		2018
Cost of licensing	$	—	$	21	$	12
Cost of connected services		1,382		827		495
Cost of professional services		4,191		1,048		1,569
Research and development		13,944		15,946		11,112
Sales and marketing		9,580		6,137		3,985
General and administrative		18,188		5,703		4,870
Total	$	47,285	$	29,682	$	22,043