Stock-Based Compensation (Tables)

3 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement [Abstract]

Schedule of weighted average assumptions

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

	Three Months Ended September 30,
	2020		2019
Risk-free interest rate	0.3	%	1.5	%
Expected dividend yield	0.0	%	0.0	%
Expected life (in years)	5.3		4.5
Expected volatility factor	32.7	%	26.8	%

Schedule of stock-based compensation expense

The stock-based compensation expense under all equity plans and its classification in the unaudited consolidated statements of operations for the three months ended September 30, 2020 and 2019 are as follows:

	Three Months Ended September 30,
	2020		2019
	(Dollars in Thousands)
Recorded as expenses:
Cost of maintenance	$	316	$	398
Cost of services and other	450		543
Selling and marketing	1,244		1,547
Research and development	1,722		2,102
General and administrative	2,536		4,685
Total stock-based compensation	$	6,268	$	9,275

Schedule of stock option and RSU activity

A summary of stock option and restricted stock unit ("RSU") activity under all equity plans for the three months ended September 30, 2020 is as follows:

	Stock Options						Restricted Stock Units
	Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (in 000’s)		Shares	Weighted Average Grant Date Fair Value
Outstanding at June 30, 2020	1,410,139	$	76.19	6.67	$	49,705	352,921	$	112.45
Granted	7,929	105.42					5,103	107.20
Settled (RSUs)	—						(40,095)	96.65
Exercised	(12,943)	24.38					—
Cancelled / Forfeited	(4,644)	126.62					(2,985)	124.78
Outstanding at September 30, 2020	1,400,481	$	76.65	6.27	$	71,762	314,944	$	114.27
Vested and exercisable at September 30, 2020	1,012,572	$	62.08	5.61	$	65,829	—
Vested and expected to vest as of September 30, 2020	1,357,921	$	75.46	6.21	$	71,128	279,100	$	114.20