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Stock-Based Compensation (Tables)
6 Months Ended
Mar. 31, 2019
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, 2018

 

 

5,524,399

 

 

$

6.14

 

 

 

 

 

 

 

Granted

 

 

712,500

 

 

13.26

 

 

 

 

 

 

 

Cancelled

 

 

(47,557

)

 

7.01

 

 

 

 

 

 

 

Exercised

 

 

(702,242

)

 

5.23

 

 

 

 

 

 

 

Balance At March 31, 2019

 

 

5,487,100

 

 

$

7.17

 

 

6.0 years

 

$

61,552,640

 

Exercisable At March 31, 2019

 

 

4,052,157

 

 

$

6.26

 

 

5.0 years

 

$

49,183,457

 

Assumptions Used to Value Stock Options

The assumptions used to value stock options are as follows:

 

 

 

Six Months Ended March 31,

 

 

2019

 

 

2018

Dividend yield

 

 

 

Risk-free interest rate

 

2.3 – 3.1%

 

 

2.1 – 2.7%

Volatility

 

115%

 

 

110%

Expected life (in years)

 

6.25

 

 

6.25

Weighted average grant date fair value per share of options granted

 

$11.42

 

 

$3.47

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, 2018

 

 

2,968,500

 

 

$

2.99

 

Granted

 

 

1,403,888

 

 

 

12.43

 

Vested

 

 

(2,197,305

)

 

 

2.78

 

Forfeited

 

 

(123,750

)

 

 

8.98

 

Unvested at March 31, 2019

 

 

2,051,333

 

 

$

9.32