Stock-Based Compensation (Tables)

12 Months Ended

Jun. 30, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Weighted average assumptions

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

	Year Ended June 30,
	2016		2015		2014
Risk-free interest rate	1.4	%	1.5	%	1.3	%
Expected dividend yield	None		None		None
Expected life (in years)	4.6		4.6		4.6
Expected volatility factor	34	%	35	%	39	%

Stock-based compensation expense

The stock-based compensation expense and its classification in the accompanying consolidated statements of operations for fiscal 2016, 2015 and 2014 was as follows:

	Year Ended June 30,
	2016		2015		2014
	(Dollars in Thousands)
Recorded as expenses:
Cost of service and other	$	1,390	$	1,351	$	1,239
Selling and marketing	4,351		3,056		3,280
Research and development	3,423		3,881		4,129
General and administrative	6,563		6,296		5,408
Total stock-based compensation	$	15,727	$	14,584	$	14,056

Stock options and RSU activity

A summary of stock option and RSU activity under all equity plans in fiscal 2016 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, 2015	1,214,257		$	27.25	7.26	$	22,232	542,432		$	36.13
Granted	428,083		42.66					422,120		41.86
Settled (RSUs)								(341,496	)	35.74
Exercised	(201,706	)	19.44
Cancelled / Forfeited	(126,492	)	37.61					(129,724	)	37.09
Outstanding at June 30, 2016	1,314,142		$	32.47	7.23	$	12,340	493,332		$	41.06
Exercisable at June 30, 2016	836,756		$	27.46	6.40	$	11,485
Vested and expected to vest at June 30, 2016	1,265,478		$	32.10	7.18	$	12,280	443,222		$	40.97