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STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Jun. 30, 2024

STOCKHOLDERS' EQUITY

Schedule of stock-based compensation expense in the consolidated statements of operations

We recorded stock-based compensation expense in the consolidated statements of operations as follows (in thousands):

​

​	​	​	​	​	​	​	​	​	​
​		2022			2023			2024
Cost of goods sold	​	$	812	​	$	911	​	$	930
Selling, general and administrative	​		26,749	​	​	27,716	​	​	27,155
Research and development	​		511	​	​	497	​	​	621
Stock-based compensation expense	​	$	28,072	​	$	29,124	​	$	28,706

Schedule of weighted average assumptions used to determine the fair value calculations for stock options issued

​

​	​	​	​	​	​	​	​
​		2022		2023		2024
Expected dividend		—	​	—	​	—	​
Risk-free interest rate		1.2	%	3.9	%	4.5	%
Expected volatility		31.0	%	31.0	%	29.0	%
Expected holding period (in years)		4.5	​	4.5	​	4.5	​

Schedule of stock option activity

The following summarizes stock option activity for fiscal years 2022, 2023 and 2024:

​

​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	Weighted-		​	​	​	​	​
​	​	​	​	Average		​	Weighted-Average	​	Aggregate
​	​	Number of	​	Exercise		​	Remaining Contractual	​	Intrinsic Value
​		Options		Price			Term		(in thousands)
Outstanding at June 30, 2021		255,220	​	$	50.24	​	​	​	​	​
Granted		22,954	​	​	96.38	​	​	​	​	​
Exercised		(166,629)	​	​	35.09	​	​	​	​	​
Expired or forfeited		(900)	​	​	73.99	​	​	​	​	​
Outstanding at June 30, 2022		110,645	​	$	82.43	​	​	​	​	​
Granted		23,351	​	​	87.90	​	​	​	​	​
Exercised		(47,354)	​	​	77.42	​	​	​	​	​
Expired or forfeited		(2,965)	​	​	74.06	​	​	​	​	​
Outstanding at June 30, 2023		83,677	​	$	87.09	​	​	​	​	​
Granted		22,438	​	​	119.45	​	​	​	​	​
Exercised		(22,698)	​	​	81.67	​	​	​	​	​
Expired or forfeited		(4,459)	​	​	86.72	​	​	​	​	​
Outstanding at June 30, 2024		78,958	​	$	97.87	​	7.6 years	​	$	3.131
Exercisable at June 30, 2024	​	34,647	​	$	88.53	​	6.1 years	​	$	1.698

Summary of RSU award activity

​

​	​	​	​	​	​
​	​	​	​	Weighted-
​	​	​	​	Average
​		Shares		Fair Value
Nonvested at June 30, 2021		435,925	​	$	84.16
Granted		334,435	​	​	90.31
Vested		(337,442)	​	​	82.66
Forfeited		(5,471)	​	​	83.66
Nonvested at June 30, 2022		427,447	​	$	90.17
Granted		357,475	​	​	87.90
Vested		(313,862)	​	​	96.36
Forfeited		(15,545)	​	​	88.42
Nonvested at June 30, 2023		455,515	​	$	85.15
Granted		333,114	​	​	95.42
Vested		(390,375)	​	​	79.75
Forfeited		(6,663)	​	​	88.76
Nonvested at June 30, 2024		391,591	​	$	99.21

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- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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