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Stockholder's Equity | 9 Months Ended
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Jun. 30, 2021
Equity [Abstract] |
Stockholder's Equity | Note 12. Stockholder’s Equity Per the Amended and Restated Certificate of Incorporation, which was adopted on October 1, 2019, 600,000,000 shares of capital stock have been authorized, consisting of 40,000,000 shares of Preferred Stock, par value $0.01 per share, or Preferred Stock, and 560,000,000 shares of Common Stock, par value $0.01 per share (“Common Stock”). On October 2, 2019, we registered the issuance of 6,350,000 shares of Common Stock, consisting of 5,300,000 shares of Common Stock reserved for issuance upon the exercise of options granted, or in respect of awards granted, under the Cerence 2019 Equity Incentive Plan, (“Equity Incentive Plan”), and 1,050,000 shares of Common Stock that are reserved for issuance under the Cerence 2019 Employee Stock Purchase Plan. On January 1, 2021, in accordance with the automatic annual increase provisions of the Equity Incentive Plan, an aggregate of 1,130,547 shares of our Common Stock were added to the shares available for issuance under the Equity Incentive Plan. The Equity Incentive Plan provides for the grant of incentive stock options, stock awards, stock units, stock appreciation rights, and certain other stock-based awards. Awards issued under the Plan may not have a term greater than ten years from the date of grant. Restricted Units Information with respect to our non-vested restricted stock units for the nine months ended June 30, 2021 was as follows:
| Non-Vested Restricted Stock Units |
| Time-Based Shares |  | Performance- Based Shares |  | Total Shares |  | Weighted- Average Grant-Date Fair Value |  | Weighted- Average Remaining Contractual Term (years) |  | Aggregate Intrinsic Value (in thousands) |
Non-vested at September 30, 2020 |  | 2,042,918 |  |  | 771,387 |  |  | 2,814,305 |  | $ | 18.63 |  |  |  |  |  |  |
Granted |  | 676,883 |  |  | 290,035 |  |  | 966,918 |  | $ | 61.32 |  |  |  |  |  |  |
Vested |  | (1,006,553 | ) |  | (403,502 | ) |  | (1,410,055 | ) | $ | 37.85 |  |  |  |  |  |  |
Forfeited |  | (22,844 | ) |  | (2,287 | ) |  | (25,131 | ) | $ | 45.21 |  |  |  |  |  |  |
Non-vested at June 30, 2021 |  | 1,690,404 |  |  | 655,633 |  |  | 2,346,037 |  | $ | 42.34 |  |  | 1.24 |  | $ | 250,322 |
Expected to vest |  |  |  |  |  |  |  | 2,346,037 |  | $ | 42.34 |  |  | 1.24 |  | $ | 250,322 |
Stock-based Compensation Stock-based compensation was included in the following captions in our Condensed Consolidated Statements of Operations for the three and nine months ended June 30, 2021 and 2020 (in thousands):
|  | Three Months Ended June 30, |  |  | Nine Months Ended June 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Cost of connected services |  | $ | 165 |  |  | $ | 423 |  |  | $ | 937 |  |  | $ | 963 |
Cost of professional services |  |  | 1,543 |  |  |  | 1,718 |  |  |  | 4,008 |  |  |  | 3,022 |
Research and development |  |  | 4,774 |  |  |  | 5,001 |  |  |  | 13,377 |  |  |  | 9,924 |
Sales and marketing |  |  | 2,774 |  |  |  | 3,223 |  |  |  | 8,351 |  |  |  | 6,589 |
General and administrative |  |  | 5,454 |  |  |  | 7,060 |  |  |  | 15,506 |  |  |  | 12,456 |
|  | $ | 14,710 |  |  | $ | 17,425 |  |  | $ | 42,179 |  |  | $ | 32,954 |

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- Definition The entire disclosure for shareholders' equity and share-based payment arrangement. Includes, but is not limited to, disclosure of policy and terms of share-based payment arrangement, deferred compensation arrangement, and employee stock purchase plan (ESPP). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 + Details
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