Share Capital, Option Plans And Share-Based Payments (Tables)

9 Months Ended

Mar. 31, 2012

Total share-based compensation cost for the periods indicated below is detailed as follows:



	Three Months Ended March 31,				Nine Months Ended March 31,
	2012		2011		2012		2011
Stock options	$	1,428	$	939	$	3,200	$	2,719
Deferred stock units (Directors)	177		128		306		234
Restricted stock units	93		—		93		—
Restricted stock awards (legacy Vignette employees)	7		31		27		106
Performance stock units (LTIP 3, LTIP 4 and LTIP 5)	3,460		1,997		9,780		5,372
Total share-based compensation expense	$	5,165	$	3,095	$	13,406	$	8,431

A summary of option activity under our stock option plans for the nine months ended March 31, 2012 is as follows:



	Options		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (years)	Aggregate Intrinsic Value ($’000s)
Outstanding at June 30, 2011	2,277,733		$	24.51
Granted	562,000		58.28
Exercised	(811,931	)	20.63
Forfeited or expired	(25,026	)	39.23
Outstanding at March 31, 2012	2,002,776		$	35.37	3.77	$	51,650
Exercisable at March 31, 2012	1,122,651		$	22.73	2.22	$	43,141

For the periods indicated, the following weighted-average fair value of options and weighted-average assumptions used were as follows:



	Three Months Ended March 31,						Nine Months Ended March 31,
	2012			2011			2012			2011
Weighted–average fair value of options granted	$	22.38		$	19.82		$	21.20		$	17.02
Weighted-average assumptions used:
Expected volatility	42		%	40		%	42		%	40		%
Risk–free interest rate	0.67		%	2.00		%	0.70		%	1.60		%
Expected dividend yield	—		%	—		%	—		%	—		%
Expected life (in years)	4.97			4.30			4.81			4.30
Forfeiture rate (based on historical rates)	5		%	5		%	5		%	5		%