Stock-Based Compensation (Tables)

12 Months Ended

Jun. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Weighted average assumptions

We utilized the Black-Scholes option valuation model with the following weighted average assumptions:

	Year Ended June 30,
	2017		2016		2015
Risk-free interest rate	1.2	%	1.4	%	1.5	%
Expected dividend yield	None		None		None
Expected life (in years)	4.6		4.6		4.6
Expected volatility factor	31	%	34	%	35	%

Stock-based compensation expense

The stock-based compensation expense and its classification in the accompanying consolidated statements of operations for fiscal 2017, 2016 and 2015 was as follows:

	Year Ended June 30,
	2017		2016		2015
	(Dollars in Thousands)
Recorded as expenses:
Cost of service and other	$	1,477	$	1,390	$	1,351
Selling and marketing	3,652		4,351		3,056
Research and development	5,806		3,423		3,881
General and administrative	7,865		6,563		6,296
Total stock-based compensation	$	18,800	$	15,727	$	14,584

Stock options and RSU activity

A summary of stock option and RSU activity under all equity plans in fiscal 2017 is as follows:

	Stock Options							Restricted Stock Units
	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value (in 000's)		Shares		Weighted Average Grant Date Fair Value
Outstanding at June 30, 2016	1,314,142		$	32.47	7.23	$	12,340	493,332		$	41.06
Granted	482,982		46.31					532,656		46.59
Settled (RSUs)								(310,074	)	41.71
Exercised	(332,937	)	27.85
Cancelled / Forfeited	(110,629	)	39.40					(99,916	)	40.42
Outstanding at June 30, 2017	1,353,558		$	37.98	7.30	$	23,535	615,998		$	45.62
Exercisable at June 30, 2017	808,094		$	33.04	6.35	$	17,958
Vested and expected to vest at June 30, 2017	1,288,241		$	37.61	7.23	$	22,877	542,323		$	45.58