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Stock Options and Restricted Stock Awards (Tables)
12 Months Ended
Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock option activity
Stock option activity is as follows:
 
Number of
Options(a)
 
Weighted Average
Exercise Price
Options outstanding at June 30, 2011
3,070,999

 
$
10.54

Exercised
(311,814
)
 
$
9.12

Forfeited or expired
(387,987
)
 
$
13.11

Options outstanding at June 30, 2012
2,371,198

 
$
10.31

Exercised
(533,954
)
 
$
11.59

Forfeited or expired
(97,581
)
 
$
12.49

Options outstanding at June 30, 2013
1,739,663

 
$
9.79

Exercised
(816,854
)
 
$
9.38

Forfeited or expired

 
$

Options outstanding at June 30, 2014
922,809

 
$
10.16

(a) Includes the effect of options granted, exercised, forfeited or expired from the 1991 Plan, 2003 Plan, 2007 Plan, 2006 Plan and options granted outside the stock option plans described above.
Restricted stock award activity
Restricted stock award activity, including performance based awards, is as follows:
 
Number of
Shares
 
Weighted Average
Grant Date
Fair Value
Restricted stock awards outstanding at June 30, 2011
1,198,207

 
$
6.39

Granted
817,878

 
$
11.32

Forfeited
(253,810
)
 
$
7.80

Vested
(517,445
)
 
$
12.88

Restricted stock awards outstanding at June 30, 2012
1,244,830

 
$
9.08

Granted
880,282

 
$
11.46

Forfeited
(123,494
)
 
$
9.31

Vested
(571,488
)
 
$
8.76

Restricted stock awards outstanding at June 30, 2013
1,430,130

 
$
10.78

Granted
741,039

 
$
21.28

Forfeited
(106,742
)
 
$
14.04

Vested
(788,024
)
 
$
10.47

Restricted stock awards outstanding at June 30, 2014
1,276,403

 
$
17.37

Restricted stock unit activity
Restricted stock unit activity is as follows:
 
Number of
Shares
 
Weighted Average
Grant Date
Fair Value
Restricted stock units outstanding at June 30, 2011
237,719

 
$
6.51

Granted
50,344

 
$
13.91

Forfeited
(3,596
)
 
$
13.91

Restricted stock units outstanding at June 30, 2012
284,467

 
$
7.67

Granted
70,883

 
$
9.41

Converted to common stock
(42,677
)
 
$
7.03

Restricted stock units outstanding at June 30, 2013
312,673

 
$
8.15

Granted
45,228

 
$
21.87

Converted to common stock
(61,770
)
 
$
8.90

Restricted stock units outstanding at June 30, 2014
296,131

 
$
10.09

Stock-based compensation expense
The following amounts were recognized as stock-based compensation expense in the consolidated statements of operations for the year ended June 30, 2014:
 
Restricted
Stock
Awards
 
Employee Stock Purchase Plan
 
Restricted
Stock
Units
 
Total
Cost of goods sold
$
576

 
$
91

 
$

 
$
667

Selling, general and administrative
7,403

 
998

 
770

 
9,171

Research and development
1,003

 
87

 

 
1,090

Total
$
8,982

 
$
1,176

 
$
770

 
$
10,928


The following amounts were recognized as stock-based compensation expense in the consolidated statements of operations for the year ended June 30, 2013:
 
Restricted
Stock
Awards
 
Employee Stock Purchase Plan
 
Restricted
Stock
Units
 
Total
Cost of goods sold
$
392

 
$
35

 
$

 
$
427

Selling, general and administrative
4,954

 
596

 
667

 
6,217

Research and development
780

 
18

 

 
798

Total
$
6,126

 
$
649

 
$
667

 
$
7,442


The following amounts were recognized as stock-based compensation expense in the consolidated statements of operations for the year ended June 30, 2012:
 
Restricted Stock Awards
 
Employee Stock Purchase Plan
 
Restricted
Stock
Units
 
Total
Cost of goods sold
$
256

 
$
40

 
$

 
$
296

Selling, general and administrative
3,105

 
621

 
669

 
4,395

Research and development
439

 
35

 

 
474

Total
$
3,800

 
$
696

 
$
669

 
$
5,165

Shares available for grant
The following summarizes shares available for grant under the Company’s 2007 Plan:
Shares available for grant at June 30, 2011(a)
50,723

Reserved
849,353

Granted
(868,222
)
Forfeited, expired or cancelled
581,447

Shares available for grant at June 30, 2012(a)
613,301

Reserved
450,000

Granted
(951,165
)
Forfeited, expired or cancelled
211,155

Shares available for grant at June 30, 2013(a)
323,291

Reserved
475,000

Granted
(786,267
)
Forfeited, expired or cancelled
106,742

Shares available for grant at June 30, 2014(a)
118,766

(a)
Excludes the effect of shares granted, exercised, forfeited or expired related to activity from shares granted outside the stock option plans described above. Excludes share forfeitures from grants not under the 2007 Plan.