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Stock-Based Compensation (Tables) | 9 Months Ended
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Mar. 31, 2022
Share-based Payment Arrangement [Abstract] |
Schedule of changes in the number of shares available for grant under equity incentive plans | The following table summarizes changes in the number of shares available for grant under the Company’s equity incentive plans during the nine months ended March 31, 2022:
| Number of Shares
Available for grant at July 1, 2021 | 10,312 |
January 1, 2022 Evergreen provision increase | 2,400 |
RSUs granted | (614) |
MSUs granted | (47) |
Shares withheld in settlement of taxes and/or exercise price | 280 |
Forfeitures | 120 |
Shares removed | (59) |
Available for grant at March 31, 2022 | 12,392 |
Schedule of stock-based compensation expense related to restricted stock units, market share units and the Employee Stock Purchase Plan | Stock-based compensation expense related to restricted stock units (“RSUs”), market share units (“MSUs”) and the Employee Stock Purchase Plan is included in the following line items in the accompanying unaudited consolidated statements of operations and comprehensive income:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
| 2021 |  | 2022 |  | 2021 |  | 2022
Cost of revenues | $ | 1,972 |  |  | $ | 2,936 |  |  | $ | 5,773 |  |  | $ | 8,860 |
Sales and marketing | 3,938 |  |  | 5,119 |  |  | 11,783 |  |  | 15,994 |
Research and development | 2,602 |  |  | 4,855 |  |  | 7,570 |  |  | 13,963 |
General and administrative | 7,499 |  |  | 11,485 |  |  | 21,821 |  |  | 31,380 |
Total stock-based compensation expense | $ | 16,011 |  |  | $ | 24,395 |  |  | $ | 46,947 |  |  | $ | 70,197 |
Schedule of stock option activity | The table below presents stock option activity during the nine months ended March 31, 2022:
| Outstanding Options
| Number of shares |  | Weighted average exercise price |  | Weighted average remaining contractual term (years) |  | Aggregate intrinsic value
Balance at July 1, 2021 | 765 |  |  | $ | 16.06 |  |  | 2.4 |  | $ | 133,550 |
Options exercised | (204) |  |  | $ | 9.69 |  |  |  |  |
Balance at March 31, 2022 | 561 |  |  | $ | 18.37 |  |  | 1.8 |  | $ | 105,094 |
Options vested and exercisable at March 31, 2022 | 561 |  |  | $ | 18.37 |  |  | 1.8 |  | $ | 105,094 |
Schedule of restricted stock unit activity | The following table represents restricted stock unit activity during the nine months ended March 31, 2022:
| Units |  | Weighted average grant date fair value
RSU balance at July 1, 2021 | 1,388 |  |  | $ | 100.33 |
RSUs granted | 614 |  |  | $ | 247.98 |
RSUs vested | (549) |  |  | $ | 84.83 |
RSUs forfeited | (115) |  |  | $ | 160.61 |
RSU balance at March 31, 2022 | 1,338 |  |  | $ | 169.40 |
Schedule of market share unit activity | The following table represents market share unit activity during the nine months ended March 31, 2022:
| Units |  | Weighted average grant date fair value
MSU balance at July 1, 2021 | 58 |  | $ | 178.04
MSUs granted | 48 |  | $ | 361.02
MSUs forfeited | (5) |  |  | $ | 178.04
MSU balance at March 31, 2022 | 101 |  | $ | 263.83
Summary of the assumptions used for estimating the grant date fair value of MSUs | The Company estimated the grant date fair value of the MSUs using a Monte Carlo simulation model that included the following assumptions:
| Nine Months Ended March 31, |
| 2021 |  | 2022 |
Valuation assumptions: |  |  |  |
Expected dividend yield | —% |  | —% |
Expected volatility | 52.0 | % |  | 47.4 - 47.5% |
Expected term (years) | 3.04 |  | 2.92 - 3.04 |
Risk‑free interest rate | 0.18% |  | 0.43 - 0.47% |

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for market share units that were outstanding at the beginning and end of the year, and the number of market share units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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