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STOCK BASED COMPENSATION (Tables)
9 Months Ended
Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-based compensation expense
The following table shows total stock-based compensation expense included in the Consolidated Statements of Operations for the three and nine months ended March 31, 2017 and 2016 (in thousands):
 
Three Months Ended March 31,
 
Nine Months Ended March 31,
 
2017

2016
 
2017
 
2016
Cost of revenues
$
39

 
$
114

 
$
213

 
$
341

Research and development
421

 
566

 
1,362

 
1,770

Sales, general and administrative
141

 
202

 
519

 
755

 
$
601


$
882

 
$
2,094

 
$
2,866

Summary of option activity for the company's stock incentive plans
The following is a summary of option activity for the Company’s stock incentive plans for the nine months ended March 31, 2017:
 
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, 2016
2,125,307

 
$
2.03

 
2.65
 
$
77,850

Exercised
(496,800
)
 
$
2.81

 

 

Forfeitures and cancellations
(1,356
)
 
$
11.72

 

 

Balance, March 31, 2017
1,627,151

 
$
1.78

 
1.80
 
$
78,878

Vested and expected to vest as of March 31, 2017
1,627,150

 
$
1.78

 
1.80
 
$
78,878

Vested and exercisable as of March 31, 2017
1,626,889

 
$
1.78

 
1.80
 
$
78,869

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 Per Share
Non-vested RSUs, June 30, 2016
271,971

 
$
28.72

RSUs granted
72,023

 
$
55.33

RSUs vested
(109,124
)
 
$
24.71

RSUs canceled
(42,685
)
 
$
33.44

Non-vested RSUs, March 31, 2017
192,185

 
$
39.53