Stock Compensation (Tables)

3 Months Ended

Sep. 30, 2012

Estimated Fair Value of Each Option Grant

The grant date fair value of stock option awards is estimated using the Black-Scholes option pricing model, assuming no expected dividends and the following weighted average assumptions:

	Three months  ended September 30,
	2012			2011
Expected volatility (based on historical data)		33.3	%		29.0	%
Expected life in years		4.00			4.75
Risk-free interest rate		0.71	%		1.15	%
Fair value per award	$	2.34		$	1.82

Stock Compensation Expense

Share-based compensation expense was included in costs and expenses as follows:

	Three months  ended September 30,
	2012		2011
Cost of service and other revenues	$	19	$	14
Sales and marketing		189		133
Research and development		115		74
General and administrative		180		224
Total	$	503	$	445

Changes in Restricted Stock Awards

A summary of changes in restricted stock awards during the year ended June 30, 2012 and the three month period ended September 30, 2012 is as follows:

	Shares			Weighted Average Grant Date Fair Value		Weighted Average Remaining Vesting Period (in years)
Outstanding and unvested at June 30, 2011		1,047,000		$	4.42		1.29
Granted		539,000			5.96		2.71
Vested		(701,000	)		3.84		—
Forfeited		(66,000	)		5.36		—
Outstanding and unvested at June 30, 2012		819,000			5.73		2.56
Granted		17,000			8.29		2.90
Vested		—			—		—
Forfeited		(5,000	)		5.66		—
Outstanding and unvested at September 30, 2012		831,000		$	5.77		1.80

Summary of Changes in Common Stock Options

A summary of changes in common stock options during the year ended June 30, 2012 and the three month period ended September 30, 2012 is as follows:

	Shares			Weighted Average Exercise Price
Options outstanding, June 30, 2011		2,303,706		$	4.83
Granted		215,000		$	6.26
Exercised		(365,705	)	$	3.95
Surrendered		(134,525	)	$	5.17
Options outstanding, June 30, 2012		2,018,476		$	5.11
Granted		65,500		$	8.29
Exercised		(163,925	)	$	5.01
Surrendered		(45,500	)	$	6.13
Options outstanding, September 30, 2012		1,874,551		$	5.21

Additional Information Relating to Options Outstanding

The following is additional information relating to outstanding options:

	Options Outstanding				Options Exercisable
Range of Exercise Price	September 30, 2012		June 30, 2012		September 30, 2012
$ 3.60 to $ 4.00		625,000		669,875		604,938
$ 4.03 to $ 6.00		729,300		831,100		585,675
$ 6.01 to $ 8.29		520,251		517,501		283,313
$ 3.60 to $ 8.29		1,874,551		2,018,476		1,473,926