Stock-Based Compensation (Tables)

3 Months Ended

Sep. 30, 2014

Stock-Based Compensation

Weighted Average Assumptions

	Three Months Ended
	September 30,
	2014		2013
Risk-free interest rate	1.5	%	1.3	%
Expected dividend yield	0.0	%	0.0	%
Expected life (in years)	4.5		4.6
Expected volatility factor	35.0	%	39.4	%

Stock-based Compensation Expense

	Three Months Ended
	September 30,
	2014		2013
	(Dollars in Thousands)
Recorded as expenses:
Cost of services and other	$	338	$	301
Selling and marketing	750		1,111
Research and development	991		856
General and administrative	2,125		2,119
Total stock-based compensation	$	4,204	$	4,387

Stock Options and RSU Activity

A summary of stock option and RSU activity under all equity plans for the three months ended September 30, 2014 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, 2014	1,246,528		$	20.30		$	32,543	617,269		$	25.74
Granted	281,085		43.44					331,742		43.44
Settled (RSUs)	—							(111,476	)	28.19
Exercised	(80,692	)	13.01					—
Cancelled / Forfeited	(13,622	)	24.01					(15,624	)	23.87
Outstanding at September 30, 2014	1,433,299		$	25.21	7.58	$	19,590	821,911		$	32.59
Vested and exercisable at September 30, 2014	749,652		$	18.51	6.52	$	14,579	—
Vested and expected to vest as of September 30, 2014	1,344,667		$	24.78	7.51	$	18,888	715,416		$	32.70