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Stock Incentive Plan and Employee Stock Purchase Plan (Tables)
12 Months Ended
Jun. 30, 2016
Stock Incentive Plan and Employee Stock Purchase Plan  
Summary of share-based compensation charges included in the Company's consolidated statements of operations and comprehensive loss

 

                                                                                                                                                                                    

 

 

Years ended June 30,

 

(in thousands)

 

2016

 

2015

 

2014

 

Cost of revenue

 

$

1,677 

 

$

1,874 

 

$

1,912 

 

Research and development

 

 

2,564 

 

 

2,971 

 

 

2,585 

 

Selling and marketing

 

 

2,633 

 

 

2,945 

 

 

2,059 

 

General and administrative

 

 

5,764 

 

 

6,140 

 

 

4,757 

 

​  

​  

​  

​  

​  

​  

 

 

$

12,638 

 

$

13,930 

 

$

11,313 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

     

Schedule of option activity under the Company's Incentive Plan

 

                                                                                                                                                                                    

(in thousands, except per share and term amounts)

 

Options
Outstanding

 

Weighted
Average
Exercise
Price

 

Weighted
Average
Remaining
Contractual
Life (In Years)

 

Aggregate
Intrinsic
Value
(in thousands)

 

Balance at June 30, 2013

 

 

4,844

 

$

7.15

 

 

6.17

 

$

2,771

 

Options granted

 

 

 

$

 

 

 

 

 

 

 

Options exercised

 

 

(1,062

)

$

5.01

 

 

 

 

 

 

 

Options forfeited/expired

 

 

(573

)

$

9.49

 

 

 

 

 

 

 

​  

​  

Balance at June 30, 2014

 

 

3,209

 

$

7.44

 

 

5.38

 

$

8,251

 

Options granted

 

 

 

$

 

 

 

 

 

 

 

Options exercised

 

 

(529

)

$

4.84

 

 

 

 

 

 

 

Options forfeited/expired

 

 

(143

)

$

8.72

 

 

 

 

 

 

 

​  

​  

Balance at June 30, 2015

 

 

2,537

 

$

7.91

 

 

5.10

 

$

1,862

 

Options granted

 

 

 

$

 

 

 

 

 

 

 

Options exercised

 

 

(59

)

$

4.89

 

 

 

 

 

 

 

Options forfeited/expired

 

 

(101

)

$

7.53

 

 

 

 

 

 

 

​  

​  

Balance at June 30, 2016

 

 

2,377

 

$

8.00

 

 

3.97

 

$

452

 

​  

​  

​  

​  

Vested or Expected to vest at June 30, 2016

 

 

2,377

 

$

8.00

 

 

3.97

 

$

452

 

​  

​  

​  

​  

Exercisable at June 30, 2016

 

 

2,304

 

$

8.06

 

 

3.89

 

$

443

 

​  

​  

​  

​  

    

Summary of information about outstanding and exercisable options

 

        The following table summarizes information about outstanding and exercisable options at June 30, 2016:

                                                                                                                                                                                    

 

 

Options Outstanding

 

Options Exercisable

 

(in thousands, except years and exercise prices)
Exercise Prices

 

Number
Outstanding

 

Weighted
Average
Remaining
Contractual
Life (Years)

 

Weighted
Average
Exercise
Price

 

Number
Outstanding

 

Weighted
Average
Exercise
Price

 

$4.00 - 4.01

 

 

332,613 

 

 

4.49 

 

 

4.01 

 

 

332,613 

 

 

4.01 

 

$4.23 - 5.68

 

 

356,621 

 

 

4.13 

 

 

5.37 

 

 

341,581 

 

 

5.40 

 

$5.74 - 6.28

 

 

443,640 

 

 

5.33 

 

 

6.15 

 

 

416,552 

 

 

6.14 

 

$6.32 - 6.63

 

 

343,271 

 

 

3.52 

 

 

6.51 

 

 

339,041 

 

 

6.51 

 

$6.75 - 6.82

 

 

13,500 

 

 

5.22 

 

 

6.77 

 

 

13,500 

 

 

6.77 

 

$6.96

 

 

340,845 

 

 

5.83 

 

 

6.96 

 

 

313,793 

 

 

6.96 

 

$7.06 - 28.47

 

 

546,686 

 

 

1.52 

 

 

15.28 

 

 

546,686 

 

 

15.28 

 

​  

​  

​  

​  

Total Outstanding

 

 

2,377,176 

 

 

3.97 

 

$

8.00 

 

 

2,303,766 

 

$

8.06 

 

​  

​  

​  

​  

​  

​  

​  

​  

   

Summary of activity of RSUs, PSUs and MSUs

 

                                                                                                                                                                                    

(In thousands, except dollars)
Unvested Restricted Stock

 

Restricted
Stock Units
(000's)

 

Performance
Stock Units
(000's)

 

Market
Stock Units
(000's)

 

Total Number
of Shares
Underlying
Stock Awards
(000's)

 

Weighted
Average
Grant Date
Fair Value
Per Share

 

Unvested at June 30, 2013

 

 

2,424

 

 

556

 

 

407

 

 

3,387

 

$

5.66

 

Granted

 

 

2,125

 

 

70

 

 

735

 

 

2,930

 

 

7.28

 

Vested

 

 

(888

)

 

(25

)

 

 

 

(913

)

 

8.70

 

Cancelled/Forfeited

 

 

(545

)

 

(576

)

 

(336

)

 

(1,457

)

 

5.44

 

​  

​  

​  

​  

​  

​  

​  

​  

Unvested at June 30, 2014

 

 

3,116

 

 

25

 

 

806

 

 

3,947

 

 

6.24

 

Granted

 

 

1,679

 

 

20

 

 

513

 

 

2,212

 

 

6.77

 

Vested

 

 

(1,150

)

 

(25

)

 

 

 

(1,175

)

 

6.73

 

Cancelled/Forfeited

 

 

(320

)

 

 

 

(181

)

 

(501

)

 

6.20

 

​  

​  

​  

​  

​  

​  

​  

​  

Unvested at June 30, 2015

 

 

3,325

 

 

20

 

 

1,138

 

 

4,483

 

 

6.86

 

Granted

 

 

2,563

 

 

 

 

585

 

 

3,148

 

 

6.12

 

Vested

 

 

(1,138

)

 

(20

)

 

(413

)

 

(1,571

)

 

6.81

 

Cancelled/Forfeited

 

 

(546

)

 

 

 

(148

)

 

(694

)

 

6.59

 

​  

​  

​  

​  

​  

​  

​  

​  

Unvested at June 30, 2016

 

 

4,204

 

 

 

 

1,162

 

 

5,366

 

$

6.48

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

       

Schedule of weighted average assumptions used for determining fair value of ESPP shares

 

                                                                                                                                                                                    

 

 

Years Ended June 30,

 

 

2016

 

2015

 

2014

Risk-free interest rate

 

0.7% - 0.51%

 

0.07% - 0.26%

 

0.06% - 0.13%

Dividend yield

 

 

 

Expected life

 

0.5 - 1.0

 

0.5 - 1.0

 

0.5 - 1.0

Expected volatility

 

33.3% - 49.1%

 

27.1% - 41.3%

 

27.5% - 46.5%