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

9 Months Ended

Mar. 31, 2013

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



	Three Months Ended March 31,				Nine Months Ended March 31,
	2013		2012		2013		2012
Stock options	$	1,553	$	1,428	$	4,120	$	3,200
Performance stock units (issued under LTIP)	1,336		3,460		3,996		9,780
Restricted stock units (issued under LTIP)	509		—		886		—
Restricted stock units (other)	123		93		425		93
Deferred stock units (directors)	356		177		716		306
Restricted stock awards (legacy Vignette employees)	—		7		10		27
Total share-based compensation expense	$	3,877	$	5,165	$	10,153	$	13,406

A summary of activity under our stock option plans for the nine months ended March 31, 2013 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	360,045		54.89
Exercised	(205,455	)	28.62
Forfeited or expired	(113,250	)	45.27
Outstanding at March 31, 2013	2,188,491		$	43.32	4.34	$	34,957
Exercisable at March 31, 2013	994,071		$	30.43	2.27	$	28,537

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



	Three Months Ended March 31,						Nine Months Ended March 31,
	2013			2012			2013			2012
Weighted–average fair value of options granted	$	18.08		$	22.38		$	17.17		$	21.20
Weighted-average assumptions used:
Expected volatility	36		%	42		%	37		%	42		%
Risk–free interest rate	0.76		%	0.67		%	0.67		%	0.70		%
Expected dividend yield	—		%	—		%	—		%	—		%
Expected life (in years)	4.35			4.97			4.35			4.81
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: