XML 34 R22.htm IDEA: XBRL DOCUMENT v3.20.1
Stock-Based Compensation (Tables)
6 Months Ended
Mar. 31, 2020
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

 

 

653,500

 

 

53.78

 

 

 

 

 

 

 

Cancelled

 

 

(30,752

)

 

15.00

 

 

 

 

 

 

 

Exercised

 

 

(686,432

)

 

6.31

 

 

 

 

 

 

 

Balance At March 31, 2020

 

 

4,709,986

 

 

$

14.72

 

 

6.2 years

 

$

82,658,407

 

Exercisable At March 31, 2020

 

 

3,111,009

 

 

$

7.12

 

 

4.8 years

 

$

67,796,517

 

Assumptions Used to Value Stock Options

The assumptions used to value stock options are as follows:

 

 

 

Six Months Ended March 31,

 

 

2020

 

 

2019

Dividend yield

 

 

 

Risk-free interest rate

 

0.5 – 1.8%

 

 

2.3 – 3.1%

Volatility

 

90.5 – 91.8%

 

 

115%

Expected life (in years)

 

6.25

 

 

6.25

Weighted average grant date fair value per share of options granted

 

$40.70

 

 

$11.42

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

 

 

2,333,646

 

 

 

58.27

 

Vested

 

 

(955,404

)

 

 

9.07

 

Forfeited

 

 

(67,000

)

 

 

31.78

 

Unvested at March 31, 2020

 

 

3,374,075

 

 

$

42.87