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Share-Based Compensation (Tables)
6 Months Ended
Dec. 31, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Share-Based Compensation, Cash-Based Awards and Related Tax Benefit Recognized in Condensed Consolidated Statements of Operations

Share-based compensation and the related tax benefit recognized in our condensed consolidated statements of income were as follows (in millions):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Cost of revenue

 

$

0.6

 

 

$

0.8

 

 

$

1.3

 

 

$

1.7

 

Research and development

 

 

8.1

 

 

 

8.5

 

 

 

15.6

 

 

 

16.8

 

Selling, general, and administrative

 

 

6.4

 

 

 

6.9

 

 

 

9.4

 

 

 

14.4

 

Total

 

$

15.1

 

 

$

16.2

 

 

$

26.3

 

 

$

32.9

 

Income tax expense/(benefit) on share-based compensation

 

$

(1.8

)

 

$

0.3

 

 

$

(2.7

)

 

$

(2.4

)

Schedule of Stock Option Activity

Stock option activity was as follows:

 

 

 

Stock

 

 

Weighted

 

 

Aggregate

 

 

 

Option

 

 

Average

 

 

Intrinsic

 

 

 

Awards

 

 

Exercise

 

 

Value

 

 

 

Outstanding

 

 

Price

 

 

(in millions)

 

Balance as of June 30, 2019

 

 

1,191,929

 

 

$

59.07

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(180,278

)

 

 

34.43

 

 

 

 

 

Forfeited

 

 

(99,108

)

 

 

69.18

 

 

 

 

 

Balance as of December 31, 2019

 

 

912,543

 

 

 

62.84

 

 

$

8.7

 

Exercisable at December 31, 2019

 

 

906,030

 

 

 

62.93

 

 

$

8.6

 

Shares Purchased, Weighted Average Purchase Price, Cash Received, and Aggregate Intrinsic Value for ESPP

Shares purchased, weighted average purchase price, cash received, and the aggregate intrinsic value for employee stock purchase plan purchases during the six months ended December 31, 2019 were as follows (in millions, except for shares purchased and weighted average price):

Shares purchased

 

 

275,473

 

Weighted average purchase price

 

$

25.86

 

Cash received

 

$

7.1

 

Aggregate intrinsic value

 

$

9.5

 

 

Phantom Stock Unit [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Share-Based Compensation, Cash-Based Awards and Related Tax Benefit Recognized in Condensed Consolidated Statements of Operations

Included in the preceding table is share-based compensation for our cash-settled phantom stock units, which we granted in October 2019 (see Phantom Stock Units below) (in millions):

 

 

 

Three Months Ended

 

 

 

December 31,

 

 

 

2019

 

Cost of revenue

 

$

0.1

 

Research and development

 

 

2.5

 

Selling, general, and administrative

 

 

0.4

 

Total

 

$

3.0

 

Schedule of Stock Units Activity

Phantom stock activity was as follows:

 

 

 

 

 

 

 

Aggregate

 

 

 

Phantom

 

 

Intrinsic

 

 

 

Stock Units

 

 

Value

 

 

 

Outstanding

 

 

(in millions)

 

Granted

 

 

953,305

 

 

 

 

 

Forfeited

 

 

(45,496

)

 

 

 

 

Balance as of December 31, 2019

 

 

907,809

 

 

$

60.7

 

Deferred stock units outstanding [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Stock Units Activity

DSU activity was as follows:

 

 

 

 

 

 

 

Aggregate

 

 

 

DSU

 

 

Intrinsic

 

 

 

Awards

 

 

Value

 

 

 

Outstanding

 

 

(in millions)

 

Balance as of June 30, 2019

 

 

1,878,853

 

 

 

 

 

Granted

 

 

600,711

 

 

 

 

 

Delivered

 

 

(780,121

)

 

 

 

 

Forfeited

 

 

(225,320

)

 

 

 

 

Balance as of December 31, 2019

 

 

1,474,123

 

 

$

98.6

 

Market stock units outstanding [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Stock Units Activity

MSU activity was as follows:

 

 

 

 

 

 

 

Aggregate

 

 

 

MSU

 

 

Intrinsic

 

 

 

Awards

 

 

Value

 

 

 

Outstanding

 

 

(in millions)

 

Balance as of June 30, 2019

 

 

210,732

 

 

 

 

 

Granted

 

 

328,599

 

 

 

 

 

Performance adjustment

 

 

(58,707

)

 

 

 

 

Delivered

 

 

(23,018

)

 

 

 

 

Forfeited

 

 

(54,774

)

 

 

 

 

Balance as of December 31, 2019

 

 

402,832

 

 

$

26.9

 

Performance stock units outstanding [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Stock Units Activity

PSU activity was as follows:

 

 

 

 

 

 

 

Aggregate

 

 

 

PSU

 

 

Intrinsic

 

 

 

Awards

 

 

Value

 

 

 

Outstanding

 

 

(in millions)

 

Balance as of June 30, 2019

 

 

192,618

 

 

 

 

 

Awarded

 

 

328,023

 

 

 

 

 

Performance adjustment

 

 

(10,242

)

 

 

 

 

Released

 

 

(61,668

)

 

 

 

 

Forfeited

 

 

(70,441

)

 

 

 

 

Balance as of December 31, 2019

 

 

378,290

 

 

$

25.3