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

6 Months Ended

Dec. 31, 2012

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



	Three Months Ended December 31,				Six Months Ended December 31,
	2012		2011		2012		2011
Stock options	$	1,228	$	974	$	2,567	$	1,772
Performance stock units (issued under LTIP)	1,246		2,350		2,660		6,320
Restricted stock units (issued under LTIP)	377		—		377		—
Restricted stock units (other)	151		—		302		—
Deferred stock units (directors)	172		64		360		129
Restricted stock awards (legacy Vignette employees)	—		9		10		20
Total share-based compensation expense	$	3,174	$	3,397	$	6,276	$	8,241

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



	Options		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (years)	Aggregate Intrinsic Value ($’000s)
Outstanding at June 30, 2012	2,147,151		$	40.07
Granted	252,545		53.20
Exercised	(190,000	)	28.12
Forfeited or expired	(120,750	)	45.70
Outstanding at December 31, 2012	2,088,946		$	42.42	4.41	$	30,040
Exercisable at December 31, 2012	898,276		$	27.32	2.11	$	25,674

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



	Three Months Ended December 31,						Six Months Ended December 31,
	2012			2011			2012			2011
Weighted–average fair value of options granted	$	16.28		$	17.99		$	16.78		$	17.71
Weighted-average assumptions used:
Expected volatility	37		%	41		%	38		%	41		%
Risk–free interest rate	0.64		%	0.74		%	0.64		%	0.79		%
Expected dividend yield	—		%	—		%	—		%	—		%
Expected life (in years)	4.35			4.30			4.35			4.30
Forfeiture rate (based on historical rates)	5		%	5		%	5		%	5		%

Long Term Incentive Plan [Member]

Expected and actual stock compensation expense for each of the above mentioned LTIP plans is as follows: