Share-based Compensation (Tables)

9 Months Ended

Mar. 31, 2015

Share-based Compensation

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

	March 31, 2015			March 31, 2014
Risk-free interest rate	1.7		%	2.1		%
Expected volatility	52.1		%	62.9		%
Expected dividend yield	0.0		%	0.0		%
Forfeiture rate	6.5		%	7.5		%
Expected term (in years)	5.5 years			5.9 years
Weighted average fair value	$	17.67		$	8.14

Summary of stock option award activity

(In thousands, except for weighted average price and life data)	Awards		Weighted- Average Exercise Price		Aggregate Intrinsic Value		Weighted Average Remaining Contractual Life (yrs.)
Outstanding at July 1, 2014	2,205		$	7.84
Granted	509		$	36.55
Exercised	(541	)	$	6.78	$	26,800
Forfeited, expired or repurchased	(73	)	$	17.82
Outstanding at March 31, 2015	2,100		$	14.73	$	111,267	7.3
Vested and expected to vest at March 31, 2015	2,017		$	14.29	$	107,723	7.2
Exercisable at March 31, 2015	975		$	5.84	$	60,354	5.7

Summary of nonvested restricted stock awards

(In thousands)	Awards		Weighted Average Grant - date Fair Value		Aggregate Intrinsic Value
Non-vested at July 1, 2014	15		34.66
Granted	103		37.97
Vested	(9	)	36.77		$	345
Forfeited	(5	)	36.55
Non-vested at March 31, 2015	104		$	37.68

Schedule of allocation of share-based compensation costs recognized in the Consolidated Statements of Operations by financial statement line item

	Three Months Ended				Nine Months Ended
	March 31,				March 31,
(In thousands)	2015		2014		2015		2014
Selling, general and administrative	$	1,195	$	2,240	$	3,805	$	4,763
Research and development	133		225		390		443
Cost of sales	182		324		534		627
Total	1,510		2,789		4,729		5,833
Tax benefit at statutory rate	$	514	$	1,053	$	1,589	$	2,160