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Stock-Based Compensation (Tables)
12 Months Ended
Sep. 30, 2018
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, 2017

 

5,549,543

 

 

$

6.00

  

  

 

 

 

 

 

 

 

Granted

 

822,000

 

 

 

5.97

  

  

 

 

 

 

 

 

 

Cancelled

 

(242,533)

 

 

 

6.83

  

  

 

 

 

 

 

 

 

Exercised

 

(604,611)

 

 

 

4.39

  

  

 

 

 

 

 

 

 

Balance At September 30, 2018

 

5,524,399

  

 

$

6.14

  

  

 

6.0 years

 

 

$

72,152,284

 

Exercisable At September 30, 2018

 

3,998,427

 

 

$

6.62

 

 

 

5.1 years

 

 

$

50,361,428

 

Assumptions Used to Value Stock Options

The assumptions used to value stock options are as follows:

 

 

 

Years ended September 30,

 

 

2018

 

2017

 

2016

Dividend yield

 

 

 

Risk-free interest rate

 

2.05 – 2.99%

 

1.34 – 2.31%

 

1.05 – 1.89%

Volatility

 

110%

 

79%

 

89%

Expected life (in years)

 

6.25

 

5.85

 

6.25

Weighted average grant date fair value per share of options granted

 

$5.04

 

$1.33

 

$4.58

 

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, 2017

 

3,108,000

  

 

$

2.45

 

Granted

 

1,245,500

 

 

 

3.68

 

Vested

 

(1,335,000

 

 

2.43

 

Forfeited

 

(50,000

 

 

1.55

 

Unvested at September 30, 2018

 

2,968,500

 

 

$

2.99