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Stockholders' Equity (Tables)

12 Months Ended

Jun. 30, 2024

Stockholders' Equity Note [Abstract]

Schedule of Activity of Restricted Stock Units

The following table summarizes the activity of RSUs, including PRSUs, during year ended June 30, 2024 (in thousands, except years and per share amounts):

			Restricted Stock Units						Weighted Average Grant-Date Fair Value						Weighted Average Remaining Contractual Term in Years
Outstanding at beginning of period			762						$	227.82					1.7
Granted			674						148.55
Vested*			(236)						215.74
Forfeited			(61)						218.09
Outstanding at end of period			1,139						$	183.93					1.6

*Includes 60 thousand shares netted for tax.

Schedule of Option Activity

The following table summarizes option activity during the year ended June 30, 2024 (in thousands, except years and per share amounts):

			Options						Weighted Average Exercise Price						Weighted Average Remaining Contractual Term in Years
Outstanding at beginning of period			881						$	134.52					3.0
Granted			73						148.90
Exercised*			(166)						81.76
Forfeited			(2)						232.16
Outstanding at end of period			786						$	146.90					2.8
Options exercisable at end of period			633						$	136.06					2.1
Options vested and expected to vest at end of period			778						$	146.52					2.8

*Includes 1 thousand shares netted for tax.

Schedule of Assumptions for Fair Value of Stock Option Plans and Purchase Rights Granted

We estimate the fair value of stock options granted under our stock option plans and purchase rights granted under the ESPP using the following assumptions for the years ended June 30, 2024, 2023 and 2022:

			2024						2023						2022
Stock options:
Weighted average grant date fair value			$50.48						$74.95						$72.16
Weighted average risk-free interest rate			4.44%						3.85%						1.29%
Expected life in years			4.9						4.9						4.9
Dividend yield			1.29%						0.78%						0.66%
Expected volatility			36%						34%						32%
ESPP purchase rights:
Weighted average grant date fair value			$47.40						$52.38						$50.46
Weighted average risk-free interest rate			5.4%						3.6%						0.3%
Expected life in years			6 months						6 months						6 months
Dividend yield			0.75% - 1.30%						0.75% - 0.84%						0.63% - 0.98%
Expected volatility			27% - 40%						27% - 34%						20% - 34%

Schedule of Total Stock-Based Compensation Costs Incurred and Associated Tax Benefit Recognized

The following table summarizes the total stock-based compensation costs incurred and the associated tax benefit recognized during the years ended June 30, 2024, 2023 and 2022 (in thousands):

			2024						2023						2022
Cost of sales			$	7,563					$	6,465					$	5,218
Selling, general and administrative expenses			58,149						53,049						50,791
Research and development expenses			14,472						11,628						9,248
Stock-based compensation costs			80,184						71,142						65,257
Tax benefit			(15,053)						(24,860)						(29,262)
Stock-based compensation costs, net of tax benefit			$	65,131					$	46,282					$	35,995

X

- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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