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Stock-based Compensation (Tables)
9 Months Ended
Jun. 30, 2017
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)

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Product costs

 

$

19

 

 

$

4

 

 

$

69

 

 

$

12

 

Research and development

 

 

139

 

 

 

101

 

 

 

387

 

 

 

220

 

Selling, general and administrative

 

 

790

 

 

 

725

 

 

 

2,164

 

 

 

2,497

 

Total

 

$

948

 

 

$

830

 

 

$

2,620

 

 

$

2,729

 

 

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,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Risk-free interest rates

 

 

1.8

%

 

 

1.3

%

 

 

1.7

%

 

 

1.9

%

Expected life (years)

 

 

4.7

 

 

 

4.7

 

 

 

4.6

 

 

 

4.6

 

Expected volatility

 

 

33.3

%

 

 

35.2

%

 

 

34.3

%

 

 

36.8

%

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 2015 – 2017

 

 

8,440

 

 

 

42,199

 

 

 

84,398

 

Fiscal 2016 – 2018

 

 

13,268

 

 

 

66,338

 

 

 

132,676

 

Fiscal 2017 – 2019

 

 

10,437

 

 

 

52,185

 

 

 

104,370