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Stock-Based Compensation (Tables)
12 Months Ended
Sep. 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

 

(1,643,927)

 

 

 

7.02

  

  

 

 

 

 

 

 

 

Exercised

 

(135,730)

 

 

 

2.01

  

  

 

 

 

 

 

 

 

Balance At September 30, 2017

 

5,549,543

  

 

$

6.00

  

  

 

6.5 years

 

 

$

3,390,029

 

Exercisable At September 30, 2017

 

4,065,611

 

 

$

6.32

 

 

 

5.8 years

 

 

$

1,872,018

 

 

Assumptions Used to Value Stock Options

The assumptions used to value stock options are as follows:

 

 

 

 

Years ended September 30,

 

 

2017

 

2016

 

2015

Dividend yield

 

 

 

Risk-free interest rate

 

1.34 – 2.31%

 

1.05 – 1.89%

 

1.46 – 1.89%

Volatility

 

79%

 

89%

 

75%

Expected life (in years)

 

5.85

 

6.25

 

6 - 6.25

Weighted average grant date fair value per share of options granted

 

$1.33

 

$4.58

 

$4.24

 

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, 2016

 

1,356,667

 

 

$

6.72

 

Granted

 

2,623,000

 

 

 

1.59

 

Vested

 

(786,667

 

 

7.03

 

Forfeited

 

(85,000

 

 

1.55

 

Unvested at September 30, 2017

 

3,108,000

 

 

$

2.45