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Stock-Based Compensation (Tables)
3 Months Ended
Dec. 31, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summarized Information about Stock Options

The following tables 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, 2015.................

 

5,435,640

 

 

 

6.71

  

  

 

 

 

 

 

 

 

Granted......................................

 

82,000

 

 

 

5.96

  

  

 

 

 

 

 

 

 

Cancelled....................................

 

(47,169)

 

 

 

8.56

  

  

 

 

 

 

 

 

 

Exercised....................................

 

(4,687)

 

 

 

5.45

  

  

 

 

 

 

 

 

 

Balance At December 31, 2015......................

 

5,465,784

  

 

$

6.69

  

  

 

7.6 years

 

 

$

6,925,846

 

Exercisable At December 31, 2015

 

2,956,400

 

 

$

6.12

 

 

 

6.8 years

 

 

$

4,766,553

 

 

Assumptions Used to Value Stock Options

The assumptions used to value stock options are as follows:

 

 

 

Three months ended December 31,

 

 

2015

 

2014

Dividend yield..................................

 

 

Risk-free interest rate..............................

 

1.47 1.81%

 

1.61 – 1.85%

Volatility......................................

 

89%

 

75%

Expected life (in years).............................

 

6.25

 

6.25

Weighted average grant date fair value per share of options granted

 

$4.46

 

$3.66

 

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, 2015...................

 

934,167

  

 

$

9.18

 

Granted........................................

 

 

 

 

 

Vested........................................

 

(10,000

) 

 

 

5.22

 

Forfeited.......................................

 

 

 

 

 

Unvested at December 31, 2015........................

 

924,167

 

 

$

9.22