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Stock-Based Compensation (Tables)
9 Months Ended
Mar. 31, 2013
Summary of Stock Option Plans

The following table summarizes activity of the Company’s stock option plans since June 30, 2011:

 

     Options Outstanding  
     Number of
Shares
    Weighted Average
Exercise Price
     Weighted Average
Remaining
Contractual Term
(Years)
 

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   

Granted

     271        4.75      

Exercised

     (56     6.17      

Cancelled

     (284     14.48      
  

 

 

      

Outstanding at March 31, 2013

     2,116      $ 13.43         2.82   
  

 

 

      
Weighted Average Key Fair Value Results and Assumptions for Stock Options Granted

The following table sets forth the weighted-average key fair value results and assumptions for stock options granted during the three and nine months ended March 31, 2013 and 2012:

 

     Three Months Ended
March 31,
    Nine Months Ended
March 31,
 
     2013     2012     2013     2012  

Weighted-average fair value of options granted

     —  ( *)      —  ( *)      3.80        —  (*

Option life(1)

     —  ( *)      —  ( *)      4.5 years        —  (*

Risk-free interest rate(2)

     —  ( *)      —  ( *)      0.7     —  (*

Stock volatility(3)

     —  ( *)      —  ( *)      58     —  (*

Dividend rate

     —  ( *)      —  ( *)      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.
(*) No stock options were granted by the Company during these periods.
Summary of Nonvested Restricted Stock

The following table summarizes the status of the Company’s non-vested restricted stock awards since June 30, 2011:

 

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

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   

Granted

     1,320        9.47   

Vested

     (425     12.17   

Forfeited

     (115     11.14   
  

 

 

   

Outstanding at March 31, 2013

     2,055      $ 10.82   
  

 

 

   
Stock Based Compensation Expenses

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

 

     Three Months Ended
March 31,
    Nine Months Ended
March 31,
 
     2013     2012     2013     2012  

Cost of revenues

   $ 105      $ 83      $ 335      $ 241   

Selling, general and administrative

     1,486        1,013        5,095        4,261   

Research and development

     310        246        835        692   
  

 

 

   

 

 

   

 

 

   

 

 

 

Share-based compensation expense before tax

     1,901        1,342        6,265        5,194   

Income taxes

     (690     (463     (2,295     (1,846
  

 

 

   

 

 

   

 

 

   

 

 

 

Net compensation expense

   $ 1,211      $ 879      $ 3,970      $ 3,348