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Stock-Based Compensation (Tables)
6 Months Ended
Mar. 31, 2014
Summarize Information about Stock Options

The following tables summarize information about stock options:

 

 

Unit/Share

Number of
Options
Outstanding

 

 

Weighted-
Average
Exercise
Price
Per Share

 

  

Weighted-
Average
Remaining
Contractual
Term

 

  

Aggregate
Intrinsic
Value

 

Balance At September 30, 2011

 

729,096

  

 

$

9.03

  

  

 

 

 

 

 

 

 

Granted

 

1,229,500

  

 

 

4.40

  

  

 

 

 

 

 

 

 

Cancelled

 

(42,919

 

 

11.77

  

  

 

 

 

 

 

 

 

Exercised

 

(4,883

 

 

5.20

  

  

 

 

 

 

 

 

 

Balance At September 30, 2012

 

1,910,794

  

 

 

6.10

  

  

 

 

 

 

 

 

 

Granted

 

1,509,166

  

 

 

2.03

  

  

 

 

 

 

 

 

 

Cancelled

 

 

 

 

  

  

 

 

 

 

 

 

 

Exercised

 

(675

) 

 

 

3.93

  

  

 

 

 

 

 

 

 

Balance At September 30, 2013

 

3,419,285

  

 

$

4.68

  

  

 

 

 

 

 

 

 

Granted

 

780,000

 

 

 

13.51

 

 

 

 

 

 

 

 

 

Cancelled

 

(40,196

)

 

 

4.68

 

 

 

 

 

 

 

 

 

Exercised

 

(342,338

)

 

 

6.54

 

 

 

 

 

 

 

 

 

Balance At March 31, 2014

 

3,816,751

 

 

$

5.81

 

 

 

7.5 years

 

 

$

38,622,771

 

Exercisable At March 31, 2014

 

1,351,974

  

 

$

5.91

  

  

 

7.2 years

 

 

$

14,710,062

 

 

Assumptions Used to Value Stock Options

The assumptions used to value stock options are as follows:

 

 

 

Six months ended March 31,

 

 

2014

 

2013

Dividend yield

 

 

Risk-free interest rate

 

1.9% to 2.26%  

 

0.7%  to 1.0%

Volatility

 

69%

 

69%

Expected life (in years)

 

5.5 to 6.25

 

5.5 to 6.25

Weighted average grant date fair value per share of options granted

 

$9.08

 

$1.31

 

Summary of Share Activity Related to Restricted Stock Units

The following table summarizes the activity of the Company’s Restricted Stock Units:

 

 

 


Number of
RSUs

 

 

Weighted-
Average
Grant
Date
Fair Value

 

  

 

Unvested at September 30, 2013

 

-

  

 

$

-

  

  

 

 

Granted

 

470,000

 

 

 

14.54

 

 

 

 

Vested

 

-

 

 

 

-

 

 

 

 

Forfeited

 

-

 

 

 

-

 

 

 

 

Unvested at March 31, 2014

 

470,000

 

 

$

14.54