Stock Compensation (Tables)

6 Months Ended

Dec. 31, 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 December 31,						Six months ended December  31,
	2012			2011			2012			2011
Expected volatility (based on historical data)		33.9	%		30.5	%		33.7	%		29.7	%
Expected life in years		4.0			4.75			4.0			4.75
Risk-free interest rate		0.70	%		0.83	%		0.70	%		1.00	%
Fair value per award	$	2.47		$	1.69		$	2.43		$	1.76

Stock Compensation Expense

Stock-based compensation expense is included in costs and expenses as follows:

	Three months  ended December 31,				Six months ended December  31,
	2012		2011		2012		2011
Cost of service and other revenues	$	20	$	15	$	39	$	29
Sales and marketing		174		148		363		281
Research and development		101		75		216		149
General and administrative		186		229		366		453
Total	$	481	$	467	$	984	$	912

Changes in Restricted Stock Awards

A summary of changes in restricted stock awards during the year ended June 30, 2012 and the six month period ended December 31, 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		67,000			8.73		3.60
Vested		(50,000	)		3.95		—
Forfeited		(7,000	)		5.66		—
Outstanding and unvested at December 31, 2012		829,000		$	6.00		1.70

Summary of Changes in Common Stock Options

 A summary of changes in common stock options during the year ended June 30, 2012 and the six month period ended December 31, 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		113,000		$	8.57
Exercised		(454,926	)	$	4.61
Surrendered		(57,500	)	$	6.06
Options outstanding, December 31, 2012		1,619,050		$	5.46

Additional Information Relating to Options Outstanding

The following is additional information relating to outstanding options:

	Options Outstanding				Options Exercisable
Range of Exercise Price	December 31, 2012		June 30, 2012		December 31, 2012
$ 3.60 to $ 4.00		439,250		669,875		418,625
$ 4.03 to $ 6.00		618,550		831,100		478,550
$ 6.01 to $ 8.95		561,250		517,501		301,500
$ 3.60 to $8.95		1,619,050		2,018,476		1,198,675