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Stock-Based Compensation - Stock Option Activity (Details) - USD ($)
3 Months Ended 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Jun. 30, 2023
Aggregate Intrinsic Value      
Issuance of shares of common stock $ 3,285,000 $ 8,470,000  
Share Price $ 204.26    
Stock-Based Compensation Stock-Based Compensation The stock-based compensation expense under all equity plans and its classification in the condensed consolidated statements of operations for the three months ended September 30, 2023 and 2022 are as follows:
Three Months Ended September 30,
 20232022
 (Dollars in Thousands)
Cost of license and solutions$680 $742 
Cost of maintenance488 561 
Cost of services and other498 408 
Selling and marketing2,942 3,347 
Research and development4,553 3,611 
General and administrative7,538 9,067 
Total stock-based compensation$16,699 $17,736 
Stock Options
The table below summarizes activities related to stock options for the three months ended September 30, 2023:
Number of SharesWeighted Average Exercise PriceWeighted Average Remaining Contractual Term
Aggregate Intrinsic Value(1)
(in years)(in thousands)
Outstanding as of June 30, 20231,005,826 $144.17 6.44$32,935 
Granted1,471 $171.56 
Exercised(30,235)$129.34 
Cancelled / Forfeited(2,621)$169.56 
Outstanding as of September 30, 2023974,441 $161.26 6.32$59,148 
Exercisable as of September 30, 2023666,826 $128.61 5.33$50,814 
Vested and expected to vest as of September 30, 2023956,660 $143.96 6.28$58,658 
__________
(1)     The aggregate intrinsic value in this table represents any excess of the closing market price of the Company's common stock as of September 30, 2023 ($204.26) over the exercise price of the underlying options.
Restricted Stock Units and Performance Stock Units
Restricted stock units and performance stock units are not included in issued and outstanding common stock until the units are vested and the underlying shares are settled. The table below summarizes activities related to restricted stock units and performance stock units for the three months ended September 30, 2023:
Number of Shares Underlying Restricted Units — Performance-Based AwardsNumber of Shares Underlying Restricted Units — Time-Based Awards
(Dollars in Thousands)
Outstanding as of June 30, 2023— 456,368 
Granted93,689 179,795 
Settled— (71,780)
Cancelled / Forfeited— (4,703)
Outstanding as of September 30, 202393,689 559,680 
Weighted average remaining recognition period of outstanding restricted units (in years)2.752.98
Unrecognized stock-based compensation expense of outstanding restricted units$12,342 $58,485 
Aggregate intrinsic value of outstanding restricted units$19,137 $114,320 
The weighted average fair value per restricted stock unit was $193.74 and $208.96 during the three months ended September 30, 2023 and 2022, respectively. The weighted average fair value per performance stock unit was $194.00 during the three months ended September 30, 2023, and there were no performance stock units granted during the three months ended September 30, 2022.
During the three months ended September 30, 2023, the Company granted performance stock units with a performance condition and service condition. These performance stock units vest on a cliff basis in three years based upon the achievement
of predefined performance goals, with the ability for 25% of granted awards to vest on an accelerated basis in each of the first two years. The performance goal relates to the sum of (i) annual contract value growth and (ii) free cash flow margin over the performance period. Up to 175% of the performance stock units could vest upon achievement of the performance goals. Conversely, if a minimum performance goal is not met, none of the performance stock units will vest. On a quarterly basis, management evaluates the probability that the threshold performance goals will be achieved, if at all, and the anticipated level of attainment to determine the amount of compensation expense to record in the condensed consolidated financial statements.
   
Stock Options      
Stock options activity      
Outstanding, beginning of period (in shares) 1,005,826    
Granted (in shares) 1,471    
Exercised (in shares) (30,235)    
Outstanding, end of period (in shares) 974,441   1,005,826
Weighted Average Exercise Price      
Outstanding, beginning of period (in dollars per share) $ 144.17    
Granted (in dollars per share) 171.56    
Exercised (in dollars per share) 129.34    
Outstanding, end of period (in dollars per share) $ 161.26   $ 144.17
Weighted Average Remaining Contractual Term      
Outstanding, end of period 6 years 3 months 25 days   6 years 5 months 8 days
Aggregate Intrinsic Value      
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures and Expirations in Period (2,621)    
Cancelled / Forfeited (in dollars per share) $ 169.56    
Outstanding, end of period $ 59,148   $ 32,935
Vested and exercisable, end of period (in shares) 666,826    
Vested and exercisable, end of period (in dollars per share) $ 128.61    
Vested and exercisable, end of period 5 years 3 months 29 days    
Vested and exercisable, end of period $ 50,814    
Vested and expected to vest, end of period (in shares) 956,660    
Vested and expected to vest, end of period (in dollars per share) $ 143.96    
Vested and expected to vest, end of period 6 years 3 months 10 days    
Vested and expected to vest, end of period $ 58,658