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Stock-based Compensation (Tables)
9 Months Ended
Jun. 30, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock-Based Compensation Expenses

The Company’s stock-based compensation expenses were allocated to the following expense categories:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

June 30,

 

 

June 30,

 

(Dollars in thousands)

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Product costs

 

$

4

 

 

$

5

 

 

$

12

 

 

$

18

 

Research and development

 

 

101

 

 

 

56

 

 

 

220

 

 

 

171

 

Selling, general and administrative

 

 

725

 

 

 

568

 

 

 

2,497

 

 

 

1,652

 

Total

 

$

830

 

 

$

629

 

 

$

2,729

 

 

$

1,841

 

 

Assumptions Used in Stock Option Plans

The assumptions used as inputs in the model were as follows:

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Risk-free interest rates

 

 

1.3

%

 

 

1.2

%

 

 

1.9

%

 

 

1.4

%

Expected life (years)

 

 

4.7

 

 

 

4.4

 

 

 

4.6

 

 

 

4.5

 

Expected volatility

 

 

35.2

%

 

 

38.5

%

 

 

36.8

%

 

 

43.2

%

Dividend yield

 

 

0.0

%

 

 

0.0

%

 

 

0.0

%

 

 

0.0

%

 

Schedule of Fair Value at the Date of Grant

The aggregate number of shares that could be awarded to our executives if the minimum, target and maximum performance goals are met, based on the fair value at the date of grant is as follows:

 

Performance Period

 

Minimum Shares

 

 

Target Shares

 

 

Maximum Shares

 

Fiscal 2014 – 2016

 

 

7,861

 

 

 

39,303

 

 

 

78,606

 

Fiscal 2015 – 2017

 

 

8,440

 

 

 

42,199

 

 

 

84,398

 

Fiscal 2016 – 2018

 

 

13,268

 

 

 

66,338

 

 

 

132,676