Share-Based Compensation

3 Months Ended

Mar. 31, 2012

Share-Based Compensation [Abstract]

Share-Based Compensation

8. Share-Based Compensation

Share-based compensation and the related tax benefit recognized in our consolidated statements of income were as follows (in thousands):

	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2012		2011		2012		2011
Cost of revenue	$	313	$	355	$	903	$	1,032
Research and development		3,769		3,377		11,209		10,129
Selling, general, and administrative		4,915		4,619		13,551		14,547
Total	$	8,997	$	8,351	$	25,663	$	25,708
Income tax benefit on share-based compensation	$	2,539	$	2,347	$	7,419	$	7,426

Historically, we have issued new shares in connection with our share-based compensation plans. However, treasury shares are also available, including shares repurchased under our common stock repurchase program.

Stock Options

Stock option activity, including stock options granted, exercised, and forfeited, and weighted average exercise prices for options outstanding and exercisable, and the aggregate intrinsic value were as follows:

	Stock			Weighted		Aggregate
	Option			Average		Intrinsic
	Awards			Exercise		Value
	Outstanding			Price		(in thousands)
Balance at June 30, 2011		7,835,499		$	24.71
Granted		979,886			26.95
Exercised		(1,280,919	)		22.29
Forfeited		(327,037	)		29.50
Balance at March 31, 2012		7,207,429			25.22	$	81,855
Exercisable at March 31, 2012		4,500,774			23.70	$	58,073

The aggregate intrinsic value was determined using the closing price of our common stock on March 30, 2012, of $36.51, and excludes the impact of stock options that were not in-the-money.

Deferred Stock Units

DSU activity, including DSUs granted, delivered, and forfeited, and the balance and aggregate intrinsic value of DSUs were as follows:

				Aggregate
				Intrinsic
	DSU Awards			Value
	Outstanding			(in thousands)
Balance at June 30, 2011		868,025
Granted		512,929
Delivered		(288,762	)
Forfeited		(56,186	)
Balance at March 31, 2012		1,036,006		$	37,825

The aggregate intrinsic value was determined using the closing price of our common stock on March 30, 2012, of $36.51.

Of the shares delivered, 79,719 shares valued at $2.6 million were withheld to meet statutory minimum tax withholding requirements.

Employee Stock Purchase Plan

Shares purchased, weighted average purchase price, cash received, and the aggregate intrinsic value for our employee stock purchase plan purchases during the nine-month period ended March 31, 2012 were as follows (in thousands, except for shares purchased and weighted average purchase price):

Shares purchased		110,200
Weighted average purchase price	$	24.87
Cash received	$	2,741
Aggregate intrinsic value	$	970