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Stock-Based Compensation (Tables)
9 Months Ended
Jun. 30, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summarized Information about Stock Options

The following table summarizes 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, 2016

 

6,691,200

 

 

$

6.56

  

  

 

 

 

 

 

 

 

Granted

 

638,000

 

 

 

1.95

  

  

 

 

 

 

 

 

 

Cancelled

 

(1,456,041)

 

 

 

7.23

  

  

 

 

 

 

 

 

 

Exercised

 

(135,730)

 

 

 

2.01

  

  

 

 

 

 

 

 

 

Balance At June 30, 2017

 

5,737,429

  

 

$

5.98

  

  

 

6.6 years

 

 

$

37,440

 

Exercisable At June 30, 2017

 

4,030,677

 

 

$

6.33

 

 

 

5.8 years

 

 

$

0

 

 

Assumptions Used to Value Stock Options

The assumptions used to value stock options are as follows:

 

 

 

Nine Months Ended June 30,

 

 

2017

 

 

2016

Dividend yield

 

 

 

Risk-free interest rate

 

1.34 – 2.31%

 

 

1.42 – 1.89%

Volatility

 

79%

 

 

89%

Expected life (in years)

 

5.75 – 6.25

 

 

6.25

Weighted average grant date fair value per share of options granted

 

$1.33

 

 

$4.59

 

Summary of Share Activity Related to RSUs

The following table summarizes the activity of the Company’s RSUs:

 

 

Number of
RSUs

 

 

Weighted-
Average
Grant
Date
Fair Value

 

Unvested at September 30, 2016

 

1,356,667

  

 

$

6.72

 

Granted

 

2,623,000

 

 

 

1.59

 

Vested

 

(773,333

 

 

6.89

 

Forfeited

 

(85,000

)

 

 

1.55

 

Unvested at June 30, 2017

 

3,121,334

 

 

$

2.51