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Stock-Based Compensation (Tables)
6 Months Ended
Dec. 31, 2013
Stock-Based Compensation  
Weighted Average Assumptions

 

 

 

 

Six Months Ended

 

 

 

December 31,

 

 

 

2013

 

2012

 

Risk-free interest rate

 

1.3

%

0.6

%

Expected dividend yield

 

0.0

%

0.0

%

Expected life (in years)

 

4.6

 

4.8

 

Expected volatility factor

 

39.3

%

48.9

%

Stock-based Compensation Expense

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

December 31,

 

December 31,

 

 

 

2013

 

2012

 

2013

 

2012

 

 

 

(Dollars in Thousands)

 

Recorded as expenses:

 

 

 

 

 

 

 

 

 

Cost of services and other

 

$

327

 

$

316

 

$

628

 

$

659

 

Selling and marketing

 

710

 

972

 

1,821

 

1,949

 

Research and development

 

889

 

742

 

1,745

 

1,483

 

General and administrative

 

1,225

 

1,423

 

3,344

 

3,677

 

Total stock-based compensation

 

$

3,151

 

$

3,453

 

$

7,538

 

$

7,768

 

Stock Options and RSU Activity

 

 

 

 

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, 2013

 

1,852,118

 

$

14.68

 

 

 

 

 

1,030,839

 

$

17.69

 

Granted

 

338,413

 

32.61

 

 

 

 

 

398,679

 

32.61

 

Settled (RSUs)

 

 

 

 

 

 

 

(337,374

)

17.97

 

Exercised

 

(383,585

)

11.55

 

 

 

 

 

 

 

Cancelled / Forfeited

 

(178,444

)

18.95

 

 

 

 

 

(202,221

)

19.48

 

Outstanding at December 31, 2013

 

1,628,502

 

$

18.67

 

7.09

 

$

37,664

 

889,923

 

$

23.87

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and exercisable at December 31, 2013

 

857,705

 

$

14.48

 

5.93

 

$

23,431

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest as of December 31, 2013

 

1,495,621

 

$

18.28

 

6.79

 

$

35,174

 

744,965

 

$

23.93