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Employee Benefit Plans (Tables) | 12 Months Ended
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Jun. 30, 2022
Share Based Compensation [Abstract] |
Shares Reserved for Issuance | The following are shares reserved for issuance (in thousands):
|  | June 30, 2022 |  |  | June 30, 2021 |
2013 Equity Incentive Plan shares available for grant |  |  | 11,430 |  |  |  | 6,753 |
Employee stock options and awards outstanding |  |  | 7,616 |  |  |  | 10,359 |
2014 Employee Stock Purchase Plan |  |  | 9,961 |  |  |  | 4,414 |
Total shares reserved for issuance |  |  | 29,007 |  |  |  | 21,526 |
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, 2021 |  |  | 1,645 |  |  | $ | 5.44 |  |  |  | 3.62 |  |  | $ | 9,404 |
Granted |  |  | — |  |  |  | — |  |  |  |  |  |  |  |  |
Exercised |  |  | (458 | ) |  |  | 2.54 |  |  |  |  |  |  |  |  |
Cancelled |  |  | — |  |  |  | — |  |  |  |  |  |  |  |  |
Options outstanding at June 30, 2022 |  |  | 1,187 |  |  | $ | 6.56 |  |  |  | 3.70 |  |  | $ | 2,801 |
Vested and expected to vest at June 30, 2022 |  |  | 1,187 |  |  | $ | 6.56 |  |  |  | 3.70 |  |  | $ | 2,801 |
Exercisable at June 30, 2022 |  |  | 988 |  |  | $ | 6.53 |  |  |  | 3.60 |  |  | $ | 2,359 |
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 Value |
Non-vested stock awards outstanding at June 30, 2021 |  |  | 8,714 |  |  | $ | 5.51 |  |  |  |  |
Granted |  |  | 4,448 |  |  |  | 11.39 |  |  |  |  |
Released |  |  | (6,235 | ) |  |  | 5.38 |  |  |  |  |
Cancelled |  |  | (498 | ) |  |  | 7.22 |  |  |  |  |
Non-vested stock awards outstanding at June 30, 2022 |  |  | 6,429 |  |  | $ | 9.57 |  |  | $ | 57,347 |
Stock awards expected to vest at June 30, 2022 |  |  | 6,429 |  |  | $ | 9.57 |  |  | $ | 57,347 |
Schedule of Awards Performance Thresholds and Shares Expected to Vest (TSR PSUs) | The MSU award represents the right to receive a target number of shares of common stock up to 150% of the original grant. The MSUs vest based on the Company’s TSR relative to the TSR of the Index over performance periods from August 15, 2020 through August 15, 2023, subject to the grantees’ continued service through the certification of performance.
Level | Relative TSR | Shares Vested |
Below Threshold | TSR is less than the Index by more than 37.5 percentage points | 0% |
Threshold | TSR is less than the Index by 37.5 percentage points | 25% |
Target | TSR equals the Index | 100% |
Maximum | TSR is greater than the Index by 25 percentage points or more | 150% |
Summary of Stock Awards with Market or Performance Based Conditions Granted | The following table summarizes stock awards 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 2022 |  |  | Fiscal year 2021 |  |  | Fiscal year 2020 |
Performance awards granted |  |  | 727 |  |  |  | 475 |  |  |  | — |
Performance awards earned |  |  | 158 |  |  |  | — |  |  |  | 56 |
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, 2022 |  |  | June 30, 2021 |  |  | June 30, 2020 |
Cost of product revenues | $ | 1,186 |  |  | $ | 1,209 |  |  | $ | 1,240 |
Cost of service and subscription revenues |  | 1,421 |  |  |  | 1,662 |  |  |  | 1,620 |
Research and development |  | 9,995 |  |  |  | 9,969 |  |  |  | 10,324 |
Sales and marketing |  | 15,000 |  |  |  | 12,505 |  |  |  | 11,914 |
General and administrative |  | 15,760 |  |  |  | 13,706 |  |  |  | 12,265 |
Total share-based compensation expense | $ | 43,362 |  |  | $ | 39,051 |  |  | $ | 37,842 |
Schedule of Fair Value Assumptions for Employee Stock Purchase Plan | The weighted-average estimated per share fair value of shares under the 2014 ESPP in fiscal years 2022, 2021 and 2020, was $3.32, $2.47 and $1.90, respectively.
| Employee Stock Purchase Plan |  |
| Year Ended |  |
| June 30, 2022 |  |  | June 30, 2021 |  |  | June 30, 2020 |  |
Expected life | 0.5 years |  |  | 0.5 years |  |  | 0.5 years |  |
Risk-free interest rate |  | 0.33 | % |  |  | 0.09 | % |  |  | 1.71 | % |
Volatility |  | 49 | % |  |  | 95 | % |  |  | 43 | % |
Dividend yield |  | — | % |  |  | — | % |  |  | — | % |

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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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=122041274&loc=d3e301413-122809 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 + Details
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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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