Share-based Compensation (Tables)

6 Months Ended

Dec. 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 and the weighted average fair value of the options granted

	Six Months Ended
	December 31, 2015			December 31, 2014
Risk-free interest rate	1.7		%	1.7		%
Expected volatility	48.3		%	52.1		%
Expected dividend yield	0.0		%	0.0		%
Forfeiture rate	6.5		%	6.5		%
Expected term (in years)	5.2 years			5.5 years
Weighted average fair value	$	26.24		$	17.67

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, 2015	1,975		$	15.39
Granted	58		$	59.20
Exercised	(141	)	$	16.34	$	4,078
Forfeited, expired or repurchased	(37	)	$	31.93
Outstanding at December 31, 2015	1,855		$	16.36	$	45,523	6.7
Vested and expected to vest at December 31, 2015	1,817		$	16.00	$	45,143	6.7
Exercisable at December 31, 2015	1,291		$	10.37	$	38,566	6.0

Summary of nonvested restricted stock awards

(In thousands)	Awards		Weighted Average Grant - date Fair Value		Aggregate Intrinsic Value
Non-vested at July 1, 2015	98		$	37.83
Granted	131		$	58.06
Vested	(57	)	$	46.87	$	3,302
Forfeited	(2	)	$	46.22
Non-vested at December 31, 2015	170		$	50.31

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

	Three Months Ended December 31,				Six Months Ended December 31,
(In thousands)	2015		2014		2015		2014
Selling, general and administrative expenses	$	1,494	$	1,251	$	5,380	$	2,610
Research and development expenses	201		137		389		257
Cost of sales	329		184		629		352
Total	$	2,024	$	1,572	$	6,398	$	3,219
Tax benefit at statutory rate	$	729	$	536	$	2,303	$	1,075