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Share-based Compensation
 9 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Share-based Compensation Share-based Compensation
See Note 15 to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2024 for more information regarding the Company’s 2015 Employee Stock Plan (the “Employee Stock Plan”) and its 2015 Stock Plan for Non-Employee Directors.
Share-based compensation expense is recognized in the consolidated statements of operations as a component of Selling, general and administrative expenses. Share-based compensation expense was $3,900 and $14,159 for the three and nine months ended March 31, 2025, respectively, and $7,350 and $18,069 for the three and nine months ended March 31, 2024, respectively. There were no costs related to share-based compensation that were capitalized for the three and nine months ended March 31, 2025 and 2024.
Restricted Stock Units Award Activity
The following table summarizes activity related to the Company’s restricted stock units and performance restricted stock units, collectively referred to as “RSUs,” held by current and former employees of the Company and non-employee directors, for the nine months ended March 31, 2025:
 Number of
Weighted-Average
Fair Value 
Per Share at
Date of Grant (a)
 Nonperformance
Based Vesting
RSUs		Performance
Based Vesting
RSUs
Unvested award balance, June 30, 2024105 153 $170.61 
Granted54 46 $207.94 
Vested(64)(59)$174.98 
Forfeited / Cancelled(2)(3)$173.51 
Unvested award balance, March 31, 202593 137 $184.48 
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(a)Weighted-average fair value per share at date of grant does not reflect any adjustments to awards granted prior to the Sphere Distribution.
The fair value of RSUs that vested during the nine months ended March 31, 2025 was $25,713. Upon delivery, RSUs granted under the Employee Stock Plan were net share-settled to cover the required statutory tax withholding obligations. To fulfill the Company’s current and former employees’ required statutory tax withholding obligations for the applicable income and other employment taxes, 55 of these RSUs, with an aggregate value of $10,662, inclusive of $24 related to the Company’s former employees (who vested in the Company’s RSUs), were retained by the Company and the taxes paid are reflected as a financing activity in the accompanying consolidated statement of cash flows for the nine months ended March 31, 2025.
The fair value of RSUs that vested during the nine months ended March 31, 2024 was $21,192. The weighted-average fair value per share at grant date of RSUs granted during the nine months ended March 31, 2024 was $177.62.
Stock Options Award Activity
The following table summarizes activity related to the Company’s stock options for the nine months ended March 31, 2025:
Number of
Time Vesting Options		Weighted-Average Exercise Price Per ShareWeighted-Average Remaining Contractual Term (In Years)Aggregate Intrinsic Value
Balance as of June 30, 202494 $138.78 
Granted— $— 
Cancelled— $— 
Balance as of March 31, 202594 $138.78 2.71$5,249 
Exercisable as of March 31, 202594 $138.78 2.71$5,249