Share-based compensation (Tables)

6 Months Ended

Dec. 25, 2015

Effect of Recording Share-Based Compensation Expense

The effect of recording share-based compensation expense for the three and six months ended December 25, 2015 and December 26, 2014 was as follows:

	Three Months Ended				Six Months Ended
(amount in thousands)	December 25, 2015		December 26, 2014		December 25, 2015		December 26, 2014
Share-based compensation expense by type of award:
Share options	$	2	$	71	$	18	$	191
Restricted share units		3,108		1,859		5,765		3,606
Total share-based compensation expense		3,110		1,930		5,783		3,797
Tax effect on share-based compensation expense		—		—		—		—
Net effect on share-based compensation expense	$	3,110	$	1,930	$	5,783	$	3,797

Share-Based Compensation Expense Recorded in unaudited Condensed Consolidated Statements of Operations and Comprehensive Income

Share-based compensation expense was recorded in the unaudited condensed consolidated statements of operations and comprehensive income as follows:

	Three Months Ended				Six Months Ended
(amount in thousands)	December 25, 2015		December 26, 2014		December 25, 2015		December 26, 2014
Cost of revenue	$	540	$	360	$	1,077	$	728
Selling, general and administrative expense		2,570		1,570		4,706		3,069
Total share-based compensation expense	$	3,110	$	1,930	$	5,783	$	3,797

Share Option Activity

The following summarizes share option activity:

	Number of Shares			Number of Exercisable Options		Weighted- Average Exercise Price Per Share		Weighted- Average Grant Date Fair Value Per Share
Balance as of June 26, 2015		792,019			758,451	$	16.33
Granted		—					—		—
Exercised		(130,779	)			$	15.48
Forfeited		(213	)			$	14.43
Expired		—					—
Balance as of December 25, 2015		661,027			660,035	$	16.50

	Number of Shares			Number of Exercisable Options		Weighted- Average Exercise Price Per Share		Weighted- Average Grant Date Fair Value Per Share
Balance as of June 27, 2014		865,890			666,305	$	16.27
Granted		—					—		—
Exercised		(26,677	)			$	15.58
Forfeited		(3,521	)			$	16.93
Expired		(3,804	)			$	19.47
Balance as of December 26, 2014		831,888			743,800	$	16.27

Information for Share Options Outstanding

The following summarizes information for share options outstanding as of December 25, 2015 under the Share Option Plans:

	Number of Shares Underlying Options		Exercise Price Per Share		Weighted- Average Remaining Contractual Life (years)		Aggregate Intrinsic Value (amount in thousands)
		310	$	5.75		0.90
		345,338	$	16.83		1.80
		30,000	$	15.05		1.86
		23,844	$	25.50		2.05
		7,400	$	26.16		2.11
		8,300	$	23.62		2.36
		25,859	$	15.16		2.65
		191,121	$	14.12		2.88
		22,760	$	19.36		3.13
		5,550	$	18.60		3.18
		545	$	12.83		3.37
Options outstanding		661,027				2.23	$	5,043
Options exercisable		660,035				2.22	$	5,037

Restricted Share Unit Activity

The following summarizes restricted share unit activity under the 2010 Plan:

	Number of Shares			Weighted- Average Grant Date Fair Value Per Share
Balance as of June 26, 2015		1,140,927		$	16.03
Granted		539,772		$	19.57
Issued		(388,425	)(1)	$	15.27
Forfeited		(15,415	)	$	18.39
Balance as of December 25, 2015		1,276,859		$	17.27

	Number of Shares			Weighted- Average Grant Date Fair Value Per Share
Balance as of June 27, 2014		762,295		$	14.23
Granted		557,798		$	17.62
Issued		(209,119	)(2)	$	17.72
Forfeited		(13,370	)	$	15.68
Balance as of December 26, 2014		1,097,604		$	16.03

⁽¹⁾  Includes 849 shares vested on December 1, 2015, but not settled as of December 25, 2015.

⁽²⁾  Includes 283 shares vested on December 23, 2014, but not settled as of December 26, 2014.