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Stock-Based Compensation (Tables)
3 Months Ended
Dec. 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, 2019

 

 

4,773,670

 

 

$

8.16

 

 

 

 

 

 

 

Granted

 

 

221,000

 

 

51.58

 

 

 

 

 

 

 

Cancelled

 

 

(15,250

)

 

7.67

 

 

 

 

 

 

 

Exercised

 

 

(472,193

)

 

6.36

 

 

 

 

 

 

 

Balance At December 31, 2019

 

 

4,507,227

 

 

$

10.48

 

 

6.1 years

 

$

239,071,624

 

Exercisable At December 31, 2019

 

 

3,185,761

 

 

$

6.69

 

 

4.8 years

 

$

180,745,146

 

Assumptions Used to Value Stock Options

The assumptions used to value stock options are as follows:

 

 

 

Three Months Ended December 31,

 

 

2019

 

 

2018

Dividend yield

 

 

 

Risk-free interest rate

 

1.4 – 1.8%

 

 

2.8 – 3.1%

Volatility

 

90.5 – 91.0%

 

 

115%

Expected life (in years)

 

6.25

 

 

6.25

Weighted average grant date fair value per share of options granted

 

$39.05

 

 

$11.85

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, 2019

 

 

2,062,833

 

 

$

9.43

 

Granted

 

 

289,575

 

 

 

48.26

 

Vested

 

 

(533,333

)

 

 

6.96

 

Forfeited

 

 

-

 

 

 

-

 

Unvested at December 31, 2019

 

 

1,819,075

 

 

$

16.34