XML 86 R34.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Equity Transactions (Tables)

12 Months Ended

Sep. 30, 2019

Stockholders' Equity Note [Abstract]

Summary of share-based compensation expense

The table below presents the components of share-based compensation expense (in thousands):

						Year Ended September 30,
						2019						2018						2017
Equity-classified awards:
Stock options						$	1,530					$	858					$	869
RSUs & RSAs						4,496						5,454						7,308
Liability-classified awards:
SARs						$	482					$	285					$	(800)
Total stock compensation expense:						$	6,508					$	6,597					$	7,377

Summary of stock option activity

The table below presents stock option activity (aggregate intrinsic value in thousands):

						Stock Options						Weighted- Average Exercise Price						Weighted- Average Remaining Contractual Term (years)						Aggregate Intrinsic Value
Outstanding as of September 30, 2018						2,018,323						$	10.49					5.13						$	1,143
Granted						1,134,316						$	6.32											$	—
Exercised						(132,633)						$	4.44											$	307
Forfeited						(347,728)						$	6.78											$	279
Outstanding as of September 30, 2019						2,672,278						$	9.50					6.19						$	2,502
Vested and expected to vest as of September 30, 2019						2,609,071						$	9.58					6.15						$	2,409
Exercisable as of September 30, 2019						1,270,164						$	12.94					4.37						$	876

Summary of fair value assumptions, stock options

The range of assumptions used to determine the fair value of stock options using the Black-Scholes option-pricing model during the years ended September 30, 2019, 2018 and 2017 were as follows:

						Year ended September 30
						2019						2018						2017
Dividend yield						—						—						—
Expected volatility						47.8% - 53.7%						50.8% - 58.6%						54.2% - 54.9%
Risk-free interest rate						1.9% - 2.8%						0.5% - 2.7%						1.7% - 2.2%
Expected term						4.2- 7.1 years						3.8 years						3.8 years

Summary of RSU and RSA Activity

The table below presents RSU & RSA activity (aggregate fair value in thousands):

						RSU & RSA						Weighted- Average Grant Date Fair Value						Weighted- Average Remaining Contractual Term (years)						Aggregate Fair Value
Outstanding as of September 30, 2018						2,316,865						$	7.19					2.17						$	14,712
Granted						612,728						$	6.70											$	4,103
Exercised						(731,433)						$	6.85											$	4,757
Forfeited						(274,171)						$	7.02											$	1,939
Outstanding as of September 30, 2019						1,923,989						$	7.19					2.09						$	14,237
Expected to vest as of September 30, 2019						1,193,034						$	6.96					2.18						$	8,828

Summary of stock appreciation right activity

The table below presents SAR award activity (aggregate intrinsic value in thousands):

						SARs						Weighted- Average Exercise Price						Weighted- Average Remaining Contractual Term (years)						Aggregate Intrinsic Value
Outstanding as of September 30, 2018						934,205						$	7.23					0.78						$	789
Granted						95,000						$	6.11											$	—
Exercised						(181,009)						$	4.57											$	491
Forfeited						(414,614)						$	8.90											$	74
Outstanding as of September 30, 2019						433,582						$	6.49					0.93						$	748
Vested and expected to vest as of September 30, 2019						379,179						$	5.95					0.92						$	748
Exercisable as of September 30, 2019						143,375						$	5.83					0.23						$	316

Summary of fair value assumptions, stock appreciation rights

The range of assumptions used to determine the fair value of outstanding SARs as of September 30, 2019, 2018, and 2017 were as follows:

						Year ended September 30
						2019						2018						2017
Dividend yield						—						—						—
Expected volatility						38.2% - 48.8%						34.9% - 53.6%						38.2% - 48.8%
Risk-free interest rate						1.3% - 1.7%						2.6% - 2.8%						1.3% - 1.6%
Expected term						0.1-3.3 years						0.1-2.0 years						1.0-3.0 years

Summary of fair value assumptions

The fair value of stock options, RSUs and SARs containing market conditions is estimated using Monte Carlo simulations. The range of assumptions used to determine the fair value of these awards during the years ended September 30, 2019 and 2018 were as follows:

						Year ended September 30
						2019						2018						2017
Dividend yield						—						—						—
Expected volatility						45.5% - 55.0%						50.0% - 54.5%						—%
Risk-free interest rate						1.5% - 2.9%						2.0% - 2.5%						—%
Expected holding period (% of remaining term)						25.9% - 100.0%						20.3%						—%

X

- Definition

Schedule Of Share-Based Payment Award, Stock Appreciation Right, Valuation Assumptions

+ References

No definition available.

+ Details

Name:	lqdt_ScheduleOfShareBasedPaymentAwardStockAppreciationRightValuationAssumptionsTableTextBlock
Namespace Prefix:	lqdt_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule Of Share-Based Payment Award, Valuation Assumptions

+ References

No definition available.

+ Details

Name:	lqdt_ScheduleOfShareBasedPaymentAwardValuationAssumptionsTableTextBlock
Namespace Prefix:	lqdt_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 14.F)
-URI http://asc.fasb.org/extlink&oid=115993241&loc=d3e301413-122809

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5047-113901

+ Details

Name:	us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock appreciation rights awards that were outstanding at the beginning and end of the year, and the number of stock appreciation rights awards that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockAppreciationRightsAwardActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration