XML 34 R23.htm IDEA: XBRL DOCUMENT v3.7.0.1
Stock-Based Compensation (Tables)
6 Months Ended
Mar. 31, 2017
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

 

573,000

 

 

 

2.00

  

  

 

 

 

 

 

 

 

Cancelled

 

(1,308,874)

 

 

 

7.38

  

  

 

 

 

 

 

 

 

Exercised

 

(135,730)

 

 

 

2.01

  

  

 

 

 

 

 

 

 

Balance At March, 31, 2017

 

5,819,596

  

 

$

6.03

  

  

 

6.1 years

 

 

$

150,000

 

Exercisable At March 31, 2017

 

3,868,016

 

 

$

6.31

 

 

 

6.0 years

 

 

$

0

 

 

Assumptions Used to Value Stock Options

The assumptions used to value stock options are as follows:

 

 

 

Six Months Ended March 31,

 

 

2017

 

 

2016

Dividend yield

 

 

 

Risk-free interest rate

 

1.34 – 2.06%

 

 

1.44 – 1.89%

Volatility

 

79%

 

 

89%

Expected life (in years)

 

5.75 - 6.25

 

 

6.25

Weighted average grant date fair value per share of options granted

 

$1.36

 

 

$4.59

 

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

 

1,645,000

 

 

 

1.55

 

Vested

 

(773,333

 

 

6.89

 

Forfeited

 

 

 

 

 

Unvested at March 31, 2017

 

2,228,334

 

 

$

2.84