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Stock-Based Compensation
 9 Months Ended
Mar. 31, 2022
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 nine months ended March 31, 2022 and 2021 were as follows:
Three Months Ended
March 31,		Nine Months Ended
March 31,
 2022202120222021
 (Dollars in Thousands)
Recorded as expenses:    
Cost of maintenance$150 $234 $505 $688 
Cost of services and other225 412 731 1,198 
Selling and marketing1,687 1,869 5,324 4,655 
Research and development1,702 2,273 5,434 6,515 
General and administrative3,993 4,437 13,719 11,533 
Total stock-based compensation$7,757 $9,225 $25,713 $24,589 

A summary of stock option and restricted stock unit (“RSU”) activity under all equity plans for the nine months ended March 31, 2022 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 
Granted274,777 130.29   393,769 135.79 
Settled (RSUs)—    (196,532)127.62 
Exercised (Stock options)(171,895)89.35   —  
Cancelled / Forfeited(37,721)128.78   (36,208)131.76 
Outstanding at March 31, 20221,350,382 $100.69 6.78$85,818 523,053 $134.52 
Vested and exercisable at March 31, 2022869,953 $84.81 5.72$70,087  
Vested and expected to vest as of March 31, 20221,262,415 $99.16 6.68$83,580 409,774 $134.27 
 
As of March 31, 2022, the RSUs expected to vest included 169,351 shares of RSUs granted during second and third 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 closing date of the Transactions. Accordingly, there was no stock-based compensation expense recognized during the three and nine months ended March 31, 2022 for these awards.

The weighted average estimated fair value of option awards granted was $47.93 and $45.63 during the three months ended March 31, 2022 and 2021, respectively, and $40.50 and $38.76 during the nine months ended March 31, 2022 and 2021, respectively.
 
We utilized the Black-Scholes option valuation model with the following weighted average assumptions:
Nine Months Ended
March 31,
 20222021
Risk-free interest rate0.8 %0.4 %
Expected dividend yield0.0 %0.0 %
Expected life (in years)4.74.7
Expected volatility factor35.4 %34.1 %
As of March 31, 2022, the total future unrecognized compensation cost related to stock options and RSUs was $13.7 million and $46.0 million, respectively, and was expected to be recorded over a weighted average period of 2.57 years and 2.74 years, respectively. Of the $46.0 million total future unrecognized compensation cost related to RSUs, $24.2 million was associated with the awards that are contingent upon the close of the Transactions.

As of March 31, 2022, common stock reserved for future issuance under equity compensation plans was 4.9 million shares.