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Employee Benefit Plans (Tables)

6 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement, Noncash Expense [Abstract]

Common Stock Reserved for Future Issuance

The Company had the following reserved shares of common stock for future issuance as of the dates noted (in thousands):

		December 31, 2024				June 30, 2024
2013 Equity Incentive Plan shares available for grant			11,092				13,414
Employee stock options and awards outstanding			8,619				7,562
2014 Employee Stock Purchase Plan			6,662				7,130
Total shares reserved for issuance			26,373				28,106

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								Six Months Ended
		December 31, 2024				December 31, 2023				December 31, 2024				December 31, 2023
Cost of product revenues		$	680			$	464			$	1,298			$	947
Cost of subscription and support revenues			798				749				1,487				1,615
Research and development			4,467				4,435				8,680				8,812
Sales and marketing			7,596				7,535				14,478				14,523
General and administrative			7,911				7,774				15,276				14,979
Total share-based compensation expense		$	21,452			$	20,957			$	41,219			$	40,876

Summary of Stock Option Activity

The following table summarizes stock option activity for the six months ended December 31, 2024 (in thousands, except per share amount and contractual term):

		Number of Shares				Weighted-Average Exercise Price Per Share				Weighted-Average Remaining Contractual Term (years)				Aggregate Intrinsic Value
Options outstanding at June 30, 2024			1,073			$	6.58				1.75			$	7,376
Granted			—				—
Exercised			(195	)			6.40
Canceled			—				—
Options outstanding at December 31, 2024			878			$	6.62				1.39			$	8,886
Vested and expected to vest at December 31, 2024			878			$	6.62				1.39			$	8,886
Exercisable at December 31, 2024			878			$	6.62				1.39			$	8,886

Summary of Stock Award Activity

The following table summarizes stock award activity for the six months ended December 31, 2024 (in thousands, except grant date fair value):

		Number of Shares				Weighted- Average Grant Date Fair Value				Aggregate Fair Value
Non-vested stock awards outstanding at June 30, 2024			6,489			$	22.65
Granted			4,191				15.82
Released			(2,662	)			20.47
Canceled			(277	)			21.62
Non-vested stock awards outstanding at December 31, 2024			7,741			$	19.83
Stock awards expected to vest at December 31, 2024			7,741			$	19.83			$	153,538

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 of up to 150% of the original grant, as indicated in the table below. The MSUs vest based on the Company’s TSR relative to the TSR of the Index over performance periods of three years from the grant date, 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%

TSR

Schedule of Fair Value Assumptions for Employee Stock Purchase Plan Awards

The following assumptions were used to determine the grant-date fair values of the ESPP shares during the following periods:

			Employee Stock Purchase Plan
			Six Months Ended
			December 31, 2024				December 31, 2023
Expected term			0.5 years				0.5 years
Risk-free interest rate				5.04	%			5.54	%
Volatility				36	%			42	%
Dividend yield				—	%			—	%

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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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