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Stock-based Compensation (Tables)
9 Months Ended
Jun. 30, 2019
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)

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Product costs

 

$

34

 

 

$

26

 

 

$

98

 

 

$

43

 

Research and development

 

 

225

 

 

 

244

 

 

 

617

 

 

 

580

 

Selling, general and administrative

 

 

1,060

 

 

 

1,023

 

 

 

2,794

 

 

 

2,674

 

Total

 

$

1,319

 

 

$

1,293

 

 

$

3,509

 

 

$

3,297

 

Assumptions Used in Stock Option Plans

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Risk-free interest rates

 

 

2.2

%

 

 

2.7

%

 

 

2.8

%

 

 

2.2

%

Expected life (years)

 

 

4.6

 

 

 

4.8

 

 

 

4.5

 

 

 

4.8

 

Expected volatility

 

 

36.0

%

 

 

33.0

%

 

 

33.6

%

 

 

33.0

%

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 as of June 30, 2019:

 

Performance Period

 

Minimum Shares

 

 

Target Shares

 

 

Maximum Shares

 

Fiscal 2017 – 2019

 

 

9,352

 

 

 

46,758

 

 

 

93,516