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STOCK BASED COMPENSATION (Tables)
3 Months Ended
Sep. 30, 2012
Stock-based compensation expense

The following table shows total stock-based compensation expense included in the Condensed Consolidated Statements of Operations for the months ended September 30, 2012 and 2011 (in thousands):

 

     Three Months Ended September 30,  
     2012      2011  

Cost of sales

   $ 81       $ 6   

Research and development

     266         116   

Sales, general and administrative

     309         229   
  

 

 

    

 

 

 
   $ 656       $ 351   
  

 

 

    

 

 

 
Option activity for Company's stock incentive plans

The following is a summary of option activity for the Company’s stock incentive plans for the three months ended September 30, 2012:

 

     Common Stock Options Outstanding  
     Number
of Shares
    Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Life (Years)
     Aggregate
Intrinsic
Value
 
                         (In thousands)  

Balance, June 30, 2012

     3,347,445        1.45         

Granted

     —          —           

Exercised

     (29,705     3.42         

Forfeitures and cancellations

     (11,803     5.53         
  

 

 

         

Balance, September 30, 2012

     3,305,937      $ 1.42         6.34       $ 34,809   
  

 

 

   

 

 

    

 

 

    

 

 

 

Vested and expected to vest as of September 30, 2012

     3,274,056      $ 1.39         6.32       $ 34,570   
  

 

 

   

 

 

    

 

 

    

 

 

 

Vested and exercisable as of September 30, 2012

     2,563,713      $ 0.63         5.83       $ 28,903   
  

 

 

   

 

 

    

 

 

    

 

 

 
Fair value of employee stock options

2011, the fair value of employee stock options was estimated using the following weighted average assumptions:

 

     Three Months Ended
September 30, 2011
 
    

Expected term

     6.1 years   

Expected volatility

     49

Risk-free interest rate

     1.8

Expected dividend yield

     —     

Weighted average grant date fair value

   $ 4.03   
Activity of RSUs

The following table summarizes the activity of the RSUs made by the Company:

 

     Number of
Shares
    Weighted
Average Grant
Date Fair Value
 

Non-vested RSUs, June 30, 2012

     453,620      $ 9.42   

RSUs granted

     257,500        13.86   

RSUs vested

     (7,290 )     12.14   

RSUs cancelled

     (10,000 )     28.78   
  

 

 

   

Non-vested RSUs, September 30, 2012

     693,830      $ 10.76