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Share-based Compensation (Tables)
3 Months Ended
Sep. 30, 2013
Share-based Compensation  
Schedule of allocation of share-based compensation costs recognized in the Consolidated Statements of Operations by financial statement line item

 

 

 

 

Three Months Ended
September 30,

 

(In thousands)

 

2013

 

2012

 

Selling, general and administrative

 

$

809

 

$

546

 

Research and development

 

38

 

37

 

Cost of sales

 

50

 

73

 

Total

 

$

897

 

$

656

 

 

 

 

 

 

 

Tax benefit at statutory rate

 

$

102

 

$

23

 

Schedule of weighted average assumptions used to estimate fair values of the stock options granted and the estimated annual forfeiture rates used to recognize the associated compensation expense

 

 

 

 

Stock
Options
FY 2014

 

Stock
Options
FY 2013

 

Risk-free interest rate

 

2.10

%

%

Expected volatility

 

62.9

%

%

Expected dividend yield

 

0.0

%

%

Forfeiture rate

 

7.5

%

%

Expected term (in years)

 

5.9 years

 

 

Weighted average fair value

 

$

8.09

 

$

 

Summary of stock option award activity

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

Weighted-

 

 

 

Average

 

 

 

 

 

Average

 

Aggregate

 

Remaining

 

 

 

 

 

Exercise

 

Intrinsic

 

Contractual

 

(In thousands, except for weighted average price and life data)

 

Awards

 

Price

 

Value

 

Life (yrs.)

 

 

 

 

 

 

 

 

 

 

 

Outstanding at July 1, 2013

 

2,319

 

$

5.71

 

 

 

 

 

Granted

 

767

 

$

13.89

 

 

 

 

 

Exercised

 

(127

)

$

6.38

 

$

1,449

 

 

 

Forfeited, expired or repurchased

 

(4

)

$

7.57

 

 

 

 

 

Outstanding at September 30, 2013

 

2,955

 

$

7.80

 

$

41,428

 

7.3

 

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest at September 30, 2013

 

2,791

 

$

7.65

 

$

39,565

 

7.1

 

Exercisable at September 30, 2013

 

1,414

 

$

6.53

 

$

21,620

 

5.0

 

Summary of nonvested restricted stock awards

 

 

(In thousands)

 

Awards

 

Weighted
Average Grant -
date Fair Value

 

Aggregate
Intrinsic Value

 

 

 

 

 

 

 

 

 

Non-vested at July 1, 2013

 

 

 

 

 

Granted

 

40

 

12.71

 

 

 

Vested

 

(40

)

12.71

 

$

508

 

Forfeited

 

 

 

 

 

Non-vested at September 30, 2013

 

 

$