XML 43 R30.htm IDEA: XBRL DOCUMENT v3.23.2
Stockholders' Equity (Tables)
 12 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Schedule of Stock-Based Compensation Expense The following table summarizes stock-based compensation expense related to RSUs, stock options, and ESPP shares for the twelve months ended September 30, 2022, 2021, and 2020, which were allocated as follows (amounts in thousands):
202220212020
Cost of revenue$289 $339 $267 
Selling and marketing4,383 3,399 2,528 
Research and development3,701 3,218 2,802 
General and administrative4,973 4,576 3,954 
Total stock-based compensation expense
$13,346 $11,532 $9,551 
Schedule of Fair Value Calculations for Stock-Based Compensation Awards The fair value calculations for stock-based compensation awards to employees for the twelve months ended September 30, 2020 were based on the following assumptions:
2020
Risk-free interest rate
1.35% – 1.35%
Expected life (years)5.78
Expected volatility48%
Expected dividends—
Schedule of Stock Option Activity The following table summarizes stock option activity under the Company’s stock option plans during the twelve months ended September 30, 2022, 2021, and 2020:
Number of
Shares
Weighted-
Average
Exercise Price
Per Share
Weighted-
Average
Remaining
Contractual Term
(in Years)
Outstanding at September 30, 20191,686,902 $7.00 5.4
Granted92,610 $9.49 
Exercised(580,861)$6.15 
Canceled(36,146)$10.76 
Outstanding at September 30, 20201,162,505 $7.51 6.1
Granted— $— 
Exercised(329,878)$7.63 
Canceled(15,910)$9.41 
Outstanding at September 30, 2021816,717 $7.42 5.8
Granted— $— 
Exercised(35,625)$6.68 
Canceled— $— 
Outstanding at September 30, 2022781,092 $7.46 3.7
Vested and Expected to Vest at September 30, 2022781,092 $7.463.7
Exercisable at September 30, 2022706,377 $7.233.7
Schedule of RSU Activity The following table summarizes RSU activity under the Company’s equity plans in the twelve months ended September 30, 2022, 2021, and 2020:
Number of
Shares
Weighted-
Average
Fair Value
Per Share
Outstanding at September 30, 20192,352,487 $8.26 
Granted1,394,869 $7.39 
Settled(818,665)$7.82 
Canceled(266,748)$8.26 
Outstanding at September 30, 20202,661,943 $7.95 
Granted887,049 $13.35 
Settled(975,764)$7.64 
Canceled(161,961)$8.94 
Outstanding at September 30, 20212,411,267 $9.99 
Granted1,272,917 $14.43 
Settled(898,178)$9.57 
Canceled(344,329)$11.16 
Outstanding at September 30, 20222,441,677 $12.29 
Schedule of Performance RSU Activity The following table summarizes Performance RSU activity under the Company’s equity plans in the twelve months ended September 30, 2022, 2021, and 2020:
Number of
Shares
Weighted-
Average
Fair Value
Per Share
Outstanding at September 30, 20191,722,551 $7.76 
Granted353,556 $6.06 
Settled— $— 
Canceled(1,722,551)$7.76 
Outstanding at September 30, 2020353,556 $6.06 
Granted284,765 $11.84 
Settled(90,345)$6.06 
Canceled(19,252)$6.06 
Outstanding at September 30, 2021528,724 $9.17 
Granted629,279 $15.60 
Settled(176,864)$8.42 
Canceled(61,683)$13.51 
Outstanding at September 30, 2022919,456 $13.43