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Stock-Based Compensation (Tables)
12 Months Ended
Sep. 30, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summarize Information about Stock Options

 

 

Number of
Options
Outstanding

 

 

Weighted-
Average
Exercise
Price
Per Share

 

  

Weighted-
Average
Remaining
Contractual
Term

 

  

Aggregate
Intrinsic
Value

 

Balance At September 30, 2012

 

1,910,794

  

 

 

6.10

  

  

 

 

 

 

 

 

 

Granted

 

1,509,166

  

 

 

2.03

  

  

 

 

 

 

 

 

 

Cancelled

 

-

 

 

 

-

  

  

 

 

 

 

 

 

 

Exercised

 

(675

) 

 

 

3.93

  

  

 

 

 

 

 

 

 

Balance At September 30, 2013

 

3,419,285

  

 

 

4.68

  

  

 

 

 

 

 

 

 

Granted

 

1,039,000

 

 

 

14.05

  

  

 

 

 

 

 

 

 

Cancelled

 

(152,582)

 

 

 

6.05

  

  

 

 

 

 

 

 

 

Exercised

 

(454,863)

 

 

 

6.00

  

  

 

 

 

 

 

 

 

Balance At September 30, 2014

 

3,850,840

 

 

 

6.99

  

  

 

8.1 years

 

 

 

$31,141,826

 

Exercisable At September 30, 2014

 

1,684,919

 

 

 

5.94

  

  

 

7.2 years

 

 

 

$15,518,772

 

 

Assumptions Used to Value Stock Options

The assumptions used to value stock options are as follows:

 

 

 

Year ended September 30,

 

 

2014

 

2013

  

2012

Dividend yield

 

 

 

Risk-free interest rate

 

1.8% to 2.4%

 

0.7% to  2.3%

 

0.9%  to 1.7%

Volatility

 

69%

 

69%

 

90% - 100%

Expected life (in years)

 

6.25 to 9.47

 

5.5 to 6.25

 

5.5 to 6.25

Weighted average grant date fair value per share of options granted

 

$8.92

 

$1.88

 

$3.32

 

Summary of Share Activity Related to Restricted Stock Units

The following table summarizes the activity of the Company’s Restricted Stock Units:

 

 

Number of
RSUs

 

 

Weighted-
Average
Grant
Date
Fair Value

 

Unvested at September 30, 2012

 

 

 

$

 

Granted

 

 

 

 

 

Vested

 

 

 

 

 

Forfeited

 

 

 

 

 

Unvested at September 30, 2013

 

  

 

 

 

Granted

 

510,000

 

 

14.58

 

Vested

 

 

 

 

 

Forfeited

 

 

 

 

 

Unvested at September 30, 2014

 

510,000

 

 

$

14.58