XML 106 R38.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock-Based Compensation (Tables)
12 Months Ended
Jun. 30, 2012
Summary of Stock Option Plans

The following table summarizes activity of the Company’s stock option plans since June 30, 2010:

 

     Options Outstanding  
     Number of
Shares
    Weighted Average
Exercise Price
     Weighted Average
Remaining
Contractual Term
(Years)
     Aggregate
Intrinsic Value as
of 6/30/2012
 

Outstanding at June 30, 2010

     2,612      $ 13.70         4.69      

Granted

     77        13.70         

Exercised

     (315     8.25         

Cancelled

     (81     16.41         
  

 

 

         

Outstanding at June 30, 2011

     2,293      $ 14.35         3.88      

Granted

     —          —           

Exercised

     (72     6.48         

Cancelled

     (36     23.70         
  

 

 

         

Outstanding at June 30, 2012

     2,185      $ 14.46         2.89       $ 3,489   
  

 

 

         

Vested and expected to vest at June 30, 2012

     2,184      $ 14.46         2.88       $ 3,486   

Exercisable at June 30, 2012

     2,102      $ 14.66         2.85       $ 3,173   
Summary of Nonvested Restricted Stock

The following table summarizes the status of the Company’s non-vested restricted stock awards since June 30, 2010:

 

     Non-vested Restricted Stock Awards  
     Number of
Shares
    Weighted Average
Grant Date
Fair Value
 

Outstanding at June 30, 2010

     828      $ 9.44   

Granted

     738        12.47   

Vested

     (279     9.42   

Forfeited

     (100     10.57   
  

 

 

   

Outstanding at June 30, 2011

     1,187      $ 11.23   

Granted

     585        14.30   

Vested

     (409     10.62   

Forfeited

     (88     13.14   
  

 

 

   

Outstanding at June 30, 2012

     1,275      $ 12.71   
  

 

 

   
Stock Based Compensation Expenses

The following table presents share-based compensation expenses from continuing operations included in the Company’s consolidated statement of operations:

 

     Year Ended June 30,  
     2012     2011     2010  

Cost of revenues

   $ 349      $ 263      $ 251   

Selling, general and administrative

     5,309        4,609        3,145   

Research and development

     958        708        620   
  

 

 

   

 

 

   

 

 

 

Share-based compensation expense before tax

     6,616        5,580        4,016   

Income taxes

     (2,357     (1,966     (1,499
  

 

 

   

 

 

   

 

 

 

Share-based compensation expense, net of income taxes

   $ 4,259      $ 3,614      $ 2,517   
  

 

 

   

 

 

   

 

 

 
Weighed-Average Key Assumptions and Fair Value Results for Stock Options Granted

There were no options granted during fiscal year 2012. The following table sets forth the weighted-average key assumptions and fair value results for stock options granted during fiscal years 2011 and 2010:

 

     Years Ended June 30,  
     2012      2011      2010  

Weighted-average fair value of options granted

   $ —         $ 7.25       $ 7.17   

Option life(1)

     —           5.0 years         5.0 years   

Risk-free interest rate(2)

     —           1.27%         2.38%   

Stock volatility(3)

     —           63%         87%   

Dividend rate

     —           0%         0%   

 

(1) The option life was determined based upon historical option activity.
(2) The risk-free interest rate for each grant is equal to the U.S. Treasury yield curve in effect at the time of grant for instruments with a similar expected life.
(3) The stock volatility for each grant is measured using the weighted average of historical daily price changes of the Company’s common stock over the most recent period equal to the expected option life of the grant, the historical short-term trend of the option and other factors, such as expected changes in volatility arising from planned changes in the Company’s business operations.