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Shareholders' Equity and Share-based Compensation (Tables)
9 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]  
Restricted Stock Units Activity
Time-based Restricted Stock Units ("TRSU")
The following table summarizes the Company's TRSU activities for the nine months ended March 31, 2020:
 
Number of Restricted Stock
Units
 
Weighted Average
Grant Date Fair
Value Per Share
 
Weighted Average
Remaining
Contractual
Term (Years)
 
Aggregate Intrinsic Value
Nonvested at June 30, 2019
906,341

 
$
14.09

 
1.62
 
$
8,465,225

Granted
483,947

 
$
8.41

 
 
 
 
Vested
(416,415
)
 
$
13.60

 
 
 
 
Forfeited
(21,125
)
 
$
13.61

 
 
 
 
Nonvested at March 31, 2020
952,748

 
$
11.42

 
1.85
 
$
6,107,115


The following table summarizes the Company's PRSUs activities for the nine months ended March 31, 2020:

 
Number of Performance-based Restricted Stock
Units
 
Weighted Average
Grant Date Fair
Value Per Share
 
Weighted Average
Remaining
Contractual Term
(Years)
 
Aggregate Intrinsic Value
Nonvested at June 30, 2019
596,724

 
$
13.95

 
1.88
 
$
5,573,402

Granted
155,000

 
$
7.36

 
 
 
 
Vested
(110,659
)
 
$
16.68

 
 
 
 
Forfeited
(80,354
)
 
$
11.69

 
 
 
 
Nonvested at March 31, 2020
560,711

 
$
11.92

 
1.89
 
$
3,594,158

Summary of Stock Option Activities
The following table summarizes the Company's stock option activities for the nine months ended March 31, 2020:

 
 
 
 
 
Weighted
 
 
 
 
 
Weighted
 
Average
 
 
 
 
 
Average
 
Remaining
 
 
 
Number of
 
Exercise Price
 
Contractual
 
Aggregate
 
Shares
 
Per Share
 
Term (in years)
 
Intrinsic Value
Outstanding at June 30, 2019
876,478

 
$
10.98

 
3.06
 
$
758,871

Exercised
(2,500
)
 
$
10.50

 
 
 
$
4,726

Canceled or forfeited
(55,000
)
 
$
15.00

 
 
 
 
Outstanding at March 31, 2020
818,978

 
$
10.71

 
2.48
 
$

Options vested and expected to vest
818,978

 
$
10.71

 
2.48
 
$

Exercisable at March 31, 2020
818,978

 
$
10.71

 
2.48
 
$


Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]
The assumptions used to estimate the fair values of common shares issued under the ESPP were as follows:
 
 
 
Nine Months Ended March 31,
 
2020
Volatility rate
46.4%
Risk-free interest rate
1.6%
Expected term
1.3 years
Dividend yield
0%

Share-based Compensation, Allocation of Recognized Period Costs
Share-based Compensation Expense
The total share-based compensation expense recognized in the condensed consolidated statements of operations for the periods presented was as follows:
 
Three Months Ended March 31,
 
Nine Months Ended March 31,
 
2020
 
2019
 
2020
 
2019
 
(in thousands)
 
(in thousands)
Cost of goods sold
$
357

 
$
494

 
$
1,197

 
$
1,532

Research and development
991

 
555

 
1,987

 
1,929

Selling, general and administrative
1,528

 
2,063

 
4,548

 
7,198

 
$
2,876

 
$
3,112

 
$
7,732

 
$
10,659