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

 

879,500

 

 

 

16.05

  

  

 

 

 

 

 

 

 

Cancelled

 

(87,434)

 

 

 

8.96

  

  

 

 

 

 

 

 

 

Exercised

 

(1,542,795)

 

 

 

5.36

  

  

 

 

 

 

 

 

 

Balance At September 30, 2019

 

4,773,670

  

 

$

8.16

  

  

 

6.0 years

 

 

$

95,727,301

 

Exercisable At September 30, 2019

 

3,515,379

 

 

$

6.58

 

 

 

4.9 years

 

 

$

75,931,836

 

Assumptions Used to Value Stock Options

The assumptions used to value stock options are as follows:

 

 

 

Years ended September 30,

 

 

2019

 

2018

 

2017

Dividend yield

 

 

 

Risk-free interest rate

 

1.50 – 3.11%

 

2.05 – 2.99%

 

1.34 – 2.31%

Volatility

 

115%

 

110%

 

79%

Expected life (in years)

 

6.25

 

6.25

 

5.85

Weighted average grant date fair value per share of options granted

 

$13.80

 

$5.04

 

$1.33

 

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

 

1,415,388

 

 

 

12.57

 

Vested

 

(2,197,305

 

 

2.78

 

Forfeited

 

(123,750

 

 

8.98

 

Unvested at September 30, 2019

 

2,062,833

 

 

$

9.43