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Stockholders' Equity (Tables)

9 Months Ended

Jun. 30, 2020

Schedule of Stock-Based Compensation Expense Related to Stock Options and RSUs

The following table summarizes stock-based compensation expense related to RSUs, stock options, and ESPP shares, which was allocated as follows (amounts shown in thousands):


	Three Months Ended June 30,						Nine Months Ended June 30,
	2020		2019		2020		2019
Cost of revenue	$	73	$	55	$	199	$	155
Selling and marketing	823		705		2,194		2,242
Research and development	591		437		1,740		1,438
General and administrative	1,014		1,071		2,979		3,456
Stock-based compensation expense included in expenses	$	2,501	$	2,268	$	7,112	$	7,291

Schedule of Fair Value Calculations for Stock-Based Compensation Awards

The fair value calculations for stock-based compensation awards to employees for the nine months ended June 30, 2020 and 2019 were based on the following assumptions:


	Nine Months Ended June 30, 2020	Nine Months Ended June 30, 2019
Risk-free interest rate	1.35%	2.88% – 3.08%
Expected life (years)	5.78	5.46
Expected volatility	48%	57%
Expected dividends	None	None

Schedule of Stock Option Activity

The following table summarizes stock option activity under the Company’s equity plans during the nine months ended June 30, 2020:


	Number of Shares	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value (in thousands)
Outstanding at September 30, 2019	1,686,902	$	7.00	5.4	$	4,882
Granted	92,610	$	9.49
Exercised	(301,060)	$	3.46
Canceled	(36,146)	$	10.76
Outstanding at June 30, 2020	1,442,306	$	7.81	5.5	$	2,978
Vested and Expected to Vest at June 30, 2020	1,442,306	$	7.81	5.5	$	2,978
Exercisable at June 30, 2020	1,015,542	$	7.16	4.2	$	2,876

Schedule of RSU Activity

The following table summarizes RSU activity under the Company’s equity plans during the nine months ended June 30, 2020:


	Number of Shares	Weighted-Average Fair Market Value Per Share
Outstanding at September 30, 2019	2,352,487	$	8.26
Granted	1,346,405	$	7.20
Settled	(676,473)	$	7.66
Canceled	(221,435)	$	8.37
Outstanding at June 30, 2020	2,800,984	$	7.89

Schedule of Performance RSU Activity

Performance Restricted Stock Units

The following table summarizes Performance RSU activity under the Company’s equity plans during the nine months ended June 30, 2020:


	Number of Shares	Weighted-Average Fair Market Value Per Share
Outstanding at September 30, 2019	1,722,551	$	7.76
Granted	353,556	$	6.06
Settled	—	$	—
Canceled	(1,722,551)	$	7.76
Outstanding at June 30, 2020	353,556	$	6.06