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Stock-Based Compensation
 6 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation 
The stock-based compensation expense under all equity plans and its classification in the unaudited consolidated statements of operations for the three and six months ended December 31, 2021 and 2020 are as follows:
Three Months Ended
December 31,		Six Months Ended
December 31,
 2021202020212020
 (Dollars in Thousands)
Recorded as expenses:    
Cost of maintenance$149 $122 $354 $438 
Cost of services and other226 351 506 801 
Selling and marketing1,774 1,612 3,637 2,856 
Research and development1,734 2,449 3,732 4,171 
General and administrative3,983 4,562 9,727 7,098 
Total stock-based compensation$7,866 $9,096 $17,956 $15,364 

A summary of stock option and restricted stock unit (“RSU”) activity under all equity plans for the six months ended December 31, 2021 is as follows:
 Stock OptionsRestricted Stock Units
 SharesWeighted
Average
Exercise
Price		Weighted
Average
Remaining
Contractual
Term
(Years)		Aggregate
Intrinsic Value
(in 000’s)		SharesWeighted
Average
Grant Date
Fair Value
Outstanding at June 30, 20211,285,221 $94.18 6.93$56,032 362,024 $128.66 
Granted267,136 129.79   384,108 135.22 
Settled (RSUs)—    (153,114)128.01 
Exercised (Stock options)(147,387)91.50   —  
Cancelled / Forfeited(30,607)129.60   (27,307)131.46 
Outstanding at December 31, 20211,374,363 $100.12 7.01$70,363 565,711 $133.62 
Vested and exercisable at December 31, 2021838,972 $81.82 5.80$59,045  
Vested and expected to vest as of December 31, 20211,264,504 $98.12 6.88$68,385 433,247 $133.40 
 
As of December 31, 2021, the RSUs expected to vest include 176,541 shares of RSUs granted during second quarter of fiscal 2022 which vest over a 12 to 18 month period contingent upon the close of the Transactions and continued service. Stock-based compensation expense associated with these awards will begin recognition at the date of the Transactions close. Accordingly, there has been no stock-based compensation expense recognized during the three and six months ended December 31, 2021 for these awards.

The weighted average estimated fair value of option awards granted was $48.52 and $37.30 during the three months ended December 31, 2021 and 2020, respectively, and $40.29 and $38.11 during the six months ended December 31, 2021 and 2020, respectively.
 
We utilized the Black-Scholes option valuation model with the following weighted average assumptions:
Six Months Ended
December 31,
 20212020
Risk-free interest rate0.7 %0.3 %
Expected dividend yield0.0 %0.0 %
Expected life (in years)4.74.7
Expected volatility factor35.3 %34.2 %

As of December 31, 2021, the total future unrecognized compensation cost related to stock options and RSUs was $14.5 million and $51.0 million, respectively, and was expected to be recorded over a weighted average period of 2.74 years and 2.94 years, respectively. Of the $51.0 million total future unrecognized compensation cost related to RSUs, $24.5 million was associated with the awards that are contingent upon the close of the Transactions.

As of December 31, 2021, common stock reserved for future issuance under equity compensation plans was 4.9 million shares.