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Share-based Compensation (Tables) | 9 Months Ended
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Mar. 31, 2016
Share Based Compensation [Abstract] |
Schedule of Stock by Class | As of March 31, 2016, the Company had reserved for issuance (in thousands):
|  | March 31, 2016 |  |  | June 30, 2015 |
2014 Employee Stock Purchase Plan |  |  | 10,001 |  |  |  | 12,000 |
Employee stock options and awards outstanding |  |  | 11,174 |  |  |  | 15,273 |
Employee stock options and awards available for grant |  |  | 5,140 |  |  |  | 5,450 |
Total shares reserved for issuance |  |  | 26,315 |  |  |  | 32,723 |
Schedule of Recognized Share-based Compensation Expense | Share-based compensation expense recognized in the condensed consolidated financial statements by line item caption is as follows (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | March 31, 2016 |  |  | March 31, 2015 |  |  | March 31, 2016 |  |  | March 31, 2015 |
Cost of product revenue |  | $ | 205 |  |  | $ | 265 |  |  | $ | 777 |  |  | $ | 823 |
Cost of service revenue |  |  | 223 |  |  |  | 254 |  |  |  | 867 |  |  |  | 816 |
Research and development |  |  | 1,137 |  |  |  | 1,423 |  |  |  | 3,857 |  |  |  | 4,611 |
Sales and marketing |  |  | 996 |  |  |  | 1,291 |  |  |  | 3,791 |  |  |  | 4,414 |
General and administrative |  |  | 942 |  |  |  | 1,139 |  |  |  | 2,828 |  |  |  | 3,271 |
Total share-based compensation expense |  | $ | 3,503 |  |  | $ | 4,372 |  |  | $ | 12,120 |  |  | $ | 13,935 |
Schedule of Share-based Compensation, Restricted Stock Units Activity | The following table summarizes stock award activity for the nine months ended March 31, 2016 (in thousands, except grant date fair value):
|  | Number of |  |  | Weighted- |  |  |  |  |
|  | Shares |  |  | Average Grant- |  |  | Aggregate Fair |
|  | (000’s) |  |  | Date Fair Value |  |  | Market Value ($000’s) |
Non-vested stock awards outstanding at June 30, 2015 |  |  | 4,597 |  |  | $ | 3.82 |  |  |  |  |
Granted |  |  | 3,010 |  |  | $ | 3.12 |  |  |  |  |
Vested |  |  | (2,198 | ) |  | $ | 4.30 |  |  |  |  |
Cancelled |  |  | (992 | ) |  | $ | 2.84 |  |  |  |  |
Non-vested stock awards outstanding at March 31, 2016 |  |  | 4,417 |  |  | $ | 3.33 |  |  | $ | 21,113 |
Schedule of Share-based Compensation, Stock Options, Activity | The following table summarizes stock option activity for the nine months ended March 31, 2016 (in thousands, except per share and contractual term):
|  |  |  |  |  | Weighted- |  |  | Weighted- |  |  |  |  |
|  |  |  |  |  | Average |  |  | Average |  |  | Aggregate |
|  | Number of |  |  | Exercise |  |  | Remaining |  |  | Intrinsic |
|  | Shares |  |  | Price |  |  | Contractual |  |  | Value |
|  | (000’s) |  |  | Per Share |  |  | Term (years) |  |  | (000’s) |
Options outstanding at June 30, 2015 |  |  | 10,604 |  |  | $ | 4.03 |  |  |  | 3.79 |  |  | $ | 410 |
Granted |  |  | 5 |  |  | $ | 3.79 |  |  |  |  |  |  |  |  |
Exercised |  |  | (276 | ) |  | $ | 3.12 |  |  |  |  |  |  |  |  |
Cancelled |  |  | (3,576 | ) |  | $ | 3.91 |  |  |  |  |  |  |  |  |
Options outstanding at March 31, 2016 |  |  | 6,757 |  |  | $ | 4.13 |  |  |  | 4.25 |  |  | $ | 936 |
Exercisable at March 31, 2016 |  |  | 4,560 |  |  | $ | 4.25 |  |  |  | 3.16 |  |  | $ | 361 |
Vested and expected to vest at March 31, 2016 |  |  | 6,393 |  |  | $ | 4.17 |  |  |  | 4.09 |  |  | $ | 807 |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | The fair value of each share purchase option under the Company's 2014 ESPP and 1999 ESPP is estimated on the date of grant using the Black-Scholes-Merton option valuation model with the weighted average assumptions noted in the following table. The expected term of the 2014 ESPP and the 1999 ESPP represents the term of the offering period of each option. The risk-free rate is based upon the estimated life and is based on the U.S. Treasury yield curve in effect at the time of grant. Expected volatility is based on a blended rate of the implied volatilities from traded options and historical volatility on the Company’s stock.
|  | Stock Option Plan |  |  | Employee Stock Purchase Plan |  |  | Stock Option Plan |  |  | Employee Stock Purchase Plan |
|  | Three Months Ended |  |  | Three Months Ended |  |  | Nine Months Ended |  |  | Nine Months Ended |
|  | March 31, 2016 |  |  | March 31, 2015 |  |  | March 31, 2016 |  |  | March 31, 2015 |  |  | March 31, 2016 |  |  | March 31, 2015 |  |  | March 31, 2016 |  |  | March 31, 2015 |
Expected life |  |  | - |  |  | 4.6 years |  |  | 1.45 years |  |  | 0.50 years |  |  | 4.0 years |  |  | 4.7 years |  |  | 1.25 |  |  | 0.33 years |
Risk-free interest rate |  |  | — | % |  |  | 1.49 | % |  |  | 0.52 | % |  |  | 0.07 | % |  |  | 1.78 | % |  |  | 1.60 | % |  |  | 0.44 | % |  |  | 0.04 | %
Volatility |  |  | — | % |  |  | 54 | % |  |  | 57 | % |  |  | 58 | % |  |  | 52 | % |  |  | 54 | % |  |  | 57 | % |  |  | 58 | %
Dividend yield |  |  | — | % |  |  | — | % |  |  | — | % |  |  | — | % |  |  | — | % |  |  | — | % |  |  | — | % |  |  | — | %

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