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Stock-Based Compensation (Tables)
3 Months Ended
Dec. 31, 2016
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

 

48,000

 

 

 

6.50

  

  

 

 

 

 

 

 

 

Cancelled

 

(513,856)

 

 

 

7.24

  

  

 

 

 

 

 

 

 

Exercised

 

 

 

 

  

  

 

 

 

 

 

 

 

Balance At December 31, 2016

 

6,225,344

  

 

$

6.50

  

  

 

6.2 years

 

 

$

 

Exercisable At December 31, 2016

 

4,152,293

 

 

$

6.26

 

 

 

5.1 years

 

 

$

 

 

Assumptions Used to Value Stock Options

The assumptions used to value stock options are as follows:

 

 

 

Three Months Ended December 31,

 

 

2016

 

 

2015

Dividend yield

 

 

 

Risk-free interest rate

 

1.34 – 1.44%

 

 

1.41 – 1.81%

Volatility

 

79%

 

 

89%

Expected life (in years)

 

6.25

 

 

6.25

Weighted average grant date fair value per share of options granted

 

$4.49

 

 

$4.46

 

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, 2016

 

1,356,667

  

 

$

6.72

 

Granted

 

 

 

 

 

Vested

 

(550,000

 

 

7.02

 

Forfeited

 

 

 

 

 

Unvested at December 31, 2016

 

806,667

 

 

$

6.51