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Employee Benefit Plans (Tables) | 12 Months Ended
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Jun. 30, 2019
Share Based Compensation [Abstract] |
Shares Reserved for Issuance | The following are shares reserved for issuance (in thousands):
|  | June 30, 2019 |  |  | June 30, 2018 |
2013 Equity Incentive Plan shares available for grant |  |  | 8,462 |  |  |  | 9,957 |
Employee stock options and awards outstanding |  |  | 10,455 |  |  |  | 12,060 |
2014 Employee Stock Purchase Plan |  |  | 10,085 |  |  |  | 5,365 |
Total shares reserved for issuance |  |  | 29,002 |  |  |  | 27,382 |
Summary of Stock Option Activity | The following table summarizes stock option activity under all plans (shares and intrinsic value in thousands):
|  | Number of Shares |  |  | Weighted-Average Exercise Price Per Share |  |  | Weighted-Average Remaining Contractual Term (years) |  |  | Aggregate Intrinsic Value |
Options outstanding at June 30, 2018 |  |  | 2,193 |  |  | $ | 3.88 |  |  |  | 2.90 |  |  | $ | 8,996 |
Granted |  |  | 852 |  |  |  | 6.40 |  |  |  |  |  |  |  |  |
Exercised |  |  | (252 | ) |  |  | 3.84 |  |  |  |  |  |  |  |  |
Cancelled |  |  | (74 | ) |  |  | 6.01 |  |  |  |  |  |  |  |  |
Options outstanding at June 30, 2019 |  |  | 2,719 |  |  | $ | 4.61 |  |  |  | 3.26 |  |  | $ | 5,070 |
Vested and expected to vest at June 30, 2019 |  |  | 2,719 |  |  | $ | 4.61 |  |  |  | 3.26 |  |  | $ | 5,070 |
Exercisable at June 30, 2019 |  |  | 1,939 |  |  | $ | 3.88 |  |  |  | 2.09 |  |  | $ | 5,016 |
Summary of Stock Award Activity | The following table summarizes stock award activity (shares and market value in thousands):
|  | Number of Shares |  |  | Weighted- Average Grant Date Fair Value |  |  | Aggregate Fair Market Value |
Non-vested stock awards outstanding at June 30, 2018 |  |  | 7,764 |  |  | $ | 8.60 |  |  |  |  |
Granted |  |  | 4,698 |  |  |  | 6.39 |  |  |  |  |
Released |  |  | (3,637 | ) |  |  | 7.72 |  |  |  |  |
Cancelled |  |  | (1,089 | ) |  |  | 8.58 |  |  |  |  |
Non-vested stock awards outstanding at June 30, 2019 |  |  | 7,736 |  |  | $ | 7.67 |  |  | $ | 49,700 |
Vested and expected to vest at June 30, 2019 |  |  | 7,406 |  |  | $ | 7.53 |  |  | $ | 47,568 |
Schedule of PSUs Earned and Vested Based on Stock Price Appreciation (Stock Price PSUs) | The Stock Price PSUs represent the right to receive a number of shares of common stock up to one and one-third of the target number of Stock Price PSUs. They are earned, and vest as follows based on the average adjusted closing stock price of the Company’s common stock for the 90 days ending as of May 4, 2020, subject to the grantees’ continued service through the certification of performance:
Average adjusted closing stock price |  | Shares earned
at least $8.96 but less than $11.63 |  | One-third
at least $11.63 but less than $13.15 |  | Two-thirds
at least $13.15 but less than $16.56 |  | 100%
$16.56 or more |  | One and one-third
Schedule of PSUs Earned and Vested Based on Total Stockholder Return Relative to S&P Small Cap 600 Capped Information Technology Index (TSR PSUs) | The TSR PSUs represent the right to receive a number of shares of common stock up to 130% of the target number of TSR PSUs. They are earned, and vest as follows based on the positive percentage point difference between the Company’s total stockholder return and the total stockholder return for the S&P Small Cap 600 Capped Information Technology Index over the performance period from May 4, 2017 to May 4, 2020, subject to the grantees’ continued service through the certification of performance:
Level |  | Percentage point difference between Company TSR and index TSR |  |  | Shares earned |
Threshold |  |  | 0 | % |  |  | 0 | %
Target |  |  | + 25 | % |  |  | 100 | %
Maximum |  |  | + 35 | % |  |  | 130 | %
Summary of PSUs with Market or Performance Based Conditions Granted | The following table summarizes PSU’s with market or performance based conditions granted and the number of awards that have satisfied the relevant market or performance criteria in each period (in thousands):
|  | Fiscal year 2019 |  |  | Fiscal year 2018 |  |  | Fiscal year 2017 |
Performance awards granted |  |  | 635 |  |  |  | 714 |  |  |  | 2,106 |
Performance awards earned |  |  | 342 |  |  |  | 566 |  |  |  | 839 |
Schedule of Recognized Share-based Compensation Expense | Share-based compensation expense recognized in the financial statements by line item caption is as follows (in thousands):
|  | Year Ended |
|  | June 30, 2019 |  |  | June 30, 2018 |  |  | June 30, 2017 |
Cost of product revenue |  | $ | 844 |  |  | $ | 564 |  |  | $ | 333 |
Cost of service revenue |  |  | 1,639 |  |  |  | 1,131 |  |  |  | 589 |
Research and development |  |  | 10,443 |  |  |  | 7,642 |  |  |  | 3,312 |
Sales and marketing |  |  | 11,747 |  |  |  | 9,843 |  |  |  | 4,253 |
General and administrative |  |  | 8,224 |  |  |  | 8,453 |  |  |  | 4,146 |
Total share-based compensation expense |  | $ | 32,897 |  |  | $ | 27,633 |  |  | $ | 12,633 |
Schedule of Fair Value Assumptions for Stock Options and Employee Stock Purchase Plan Awards | The weighted-average estimated per share fair value of shares purchased under the 2014 ESPP in fiscal years 2019, 2018 and 2017, was $2.71, $3.25 and $1.24, respectively.
|  | Employee Stock Purchase Plan |
|  | Year Ended |
|  | June 30, 2019 |  |  | June 30, 2018 |  |  | June 30, 2017 |
Expected life |  | 0.5 years |  |  | 0.5 years |  |  | 0.5 years |
Risk-free interest rate |  | 2.22%-2.46% |  |  | 1.64%-1.15% |  |  |  | 0.40 | %
Volatility |  |  | 70 | % |  |  | 42 | % |  | 46%-37% |
Dividend yield |  |  | — | % |  |  | — | % |  |  | — | %

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