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Stockholders' Equity (Tables)
9 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Stock-Based Compensation Expense Related to Stock Options and RSUs

The following table summarizes stock-based compensation expense related to stock options and RSUs, which was allocated as follows (amounts shown in thousands):

 

 

 

Three Months Ended

June 30,

 

 

Nine Months Ended

June 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Cost of Sales

 

$

37

 

 

$

1

 

 

$

89

 

 

$

1

 

Sales and marketing

 

 

260

 

 

 

176

 

 

 

748

 

 

 

543

 

Research and development

 

 

159

 

 

 

130

 

 

 

502

 

 

 

427

 

General and administrative

 

 

491

 

 

 

503

 

 

 

1,769

 

 

 

1,524

 

Stock-based compensation expense included in expenses

 

$

947

 

 

$

810

 

 

$

3,108

 

 

$

2,495

 

 

Fair Value Calculations for Stock-Based Compensation Awards

    The fair value calculations for stock-based compensation awards to employees for the nine months ended June 30, 2016 and 2015 were based on the following assumptions:

 

 

 

Nine Months Ended

June 30, 2016

 

 

Nine Months Ended

June 30, 2015

 

Risk-free interest rate

 

1.43% – 1.75%

 

 

1.29% – 1.66%

 

Expected life (years)

 

 

5.90

 

 

 

5.25

 

Expected volatility

 

 

83%

 

 

 

98%

 

Expected dividends

 

None

 

 

None

 

 

Stock Option Activity

The following table summarizes stock option activity under the Company’s equity plans during the nine months ended June 30, 2016:

 

 

 

 

 

 

 

Number of

Shares

 

 

Weighted-

Average

Exercise Price

 

 

Weighted-Average

Remaining

Contractual Term

(in Years)

 

Outstanding, September 30, 2015

 

 

3,647,705

 

 

$

3.70

 

 

 

7.15

 

Granted

 

 

98,500

 

 

$

4.51

 

 

 

 

 

Exercised

 

 

(612,347

)

 

$

2.61

 

 

 

 

 

Cancelled

 

 

(47,084

)

 

$

4.28

 

 

 

 

 

Outstanding, June 30, 2016

 

 

3,086,774

 

 

$

3.94

 

 

 

6.69

 

 

RSU Activity

The following table summarizes RSU activity under the Company’s equity plans during the nine months ended June 30, 2016:

 

 

 

Number of

Shares

 

 

Weighted-Average

Fair Market Value

Per Share

 

Outstanding, September 30, 2015

 

 

802,917

 

 

$

4.49

 

Granted

 

 

1,414,000

 

 

$

4.59

 

Settled

 

 

(255,371

)

 

$

4.95

 

Cancelled

 

 

(28,127

)

 

$

4.17

 

Outstanding, June 30, 2016

 

 

1,933,419

 

 

$

4.51