Share-based Compensation (Tables)

6 Months Ended

Dec. 31, 2016

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, 2016			December 31, 2015
Risk-free interest rate	1.1		%	1.7		%
Expected volatility	55.6		%	48.3		%
Expected dividend yield	0.0		%	0.0		%
Forfeiture rate	6.5		%	6.5		%
Expected term (in years)	5.2 years			5.2 years
Weighted average fair value	$	15.33		$	26.24

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 June 30, 2016	1,730		$	16.77	$	19,524	6.3
Granted	11		$	31.30
Exercised	(190	)	$	6.54	$	4,325
Forfeited, expired or repurchased	(19	)	$	31.40
Outstanding at December 31, 2016	1,532		$	17.96	$	14,370	6.2
Vested and expected to vest at December 31, 2016	1,525		$	17.85	$	14,370	6.2
Exercisable at December 31, 2016	1,379		$	15.64	$	14,370	6.0

Summary of nonvested restricted stock awards

(In thousands)	Awards		Weighted Average Grant - date Fair Value		Aggregate Intrinsic Value
Non-vested at June 30, 2016	167		$	48.22
Granted	275		$	25.03
Vested	(76	)	$	43.80	$	2,326
Forfeited	(18	)	$	37.13
Non-vested at December 31, 2016	348		$	31.38

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

	Three Months Ended				Six Months Ended
	December 31,				December 31,
(In thousands)	2016		2015		2016		2015
Selling, general and administrative expenses	$	1,251	$	1,494	$	3,223	$	5,380
Research and development expenses	152		201		325		389
Cost of sales	314		329		625		629
Total	$	1,717	$	2,024	$	4,173	$	6,398
Tax benefit at statutory rate	$	627	$	729	$	1,523	$	2,303