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Share-Based Compensation (Tables)
6 Months Ended
Dec. 31, 2020
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

 

 

December

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Cost of revenue

 

$

1.0

 

 

$

0.6

 

 

$

1.8

 

 

$

1.3

 

Research and development

 

 

9.5

 

 

 

8.1

 

 

 

20.5

 

 

 

15.6

 

Selling, general, and administrative

 

 

12.9

 

 

 

6.4

 

 

 

22.6

 

 

 

9.4

 

Total

 

$

23.4

 

 

$

15.1

 

 

$

44.9

 

 

$

26.3

 

Income tax benefit on share-based compensation

 

$

(5.4

)

 

$

(1.8

)

 

$

(9.0

)

 

$

(2.7

)

Schedule of Stock Option Activity

Stock option activity was as follows:

 

 

 

Stock

 

 

Weighted

 

 

Aggregate

 

 

 

Option

 

 

Average

 

 

Intrinsic

 

 

 

Awards

 

 

Exercise

 

 

Value

 

 

 

Outstanding

 

 

Price

 

 

(in millions)

 

Outstanding as of June 2020

 

 

329,786

 

 

$

69.78

 

 

 

 

 

Exercised

 

 

(76,060

)

 

 

61.73

 

 

 

 

 

Expired

 

 

(53,561

)

 

 

75.48

 

 

 

 

 

Outstanding and Exercisable as of December 2020

 

 

200,165

 

 

 

71.31

 

 

$

3.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 26, 2020 were as follows (in millions, except for shares purchased and weighted average price):

Shares purchased

 

 

134,601

 

Weighted average purchase price

 

$

48.67

 

Cash received

 

$

6.6

 

Aggregate intrinsic value

 

$

4.6

 

 

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

 

 

Six Months Ended

 

 

 

December

 

 

December

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Cost of revenue

 

$

0.1

 

 

$

0.1

 

 

$

0.2

 

 

$

0.1

 

Research and development

 

 

3.4

 

 

 

2.5

 

 

 

9.2

 

 

 

2.5

 

Selling, general, and administrative

 

 

0.7

 

 

 

0.4

 

 

 

2.0

 

 

 

0.4

 

Total

 

$

4.2

 

 

$

3.0

 

 

$

11.4

 

 

$

3.0

 

Schedule of Stock Units Activity

Phantom stock activity was as follows:

 

 

 

 

 

 

 

 

 

Phantom

 

 

 

 

Stock Units

 

 

 

 

Outstanding

 

 

Balance as of June 2020

 

 

789,113

 

 

Released

 

 

(242,692

)

 

Forfeited

 

 

(100,709

)

 

Balance as of December 2020

 

 

445,712

 

 

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

RSU activity was as follows:

 

 

 

 

 

 

 

Aggregate

 

 

 

RSU

 

 

Intrinsic

 

 

 

Awards

 

 

Value

 

 

 

Outstanding

 

 

(in millions)

 

Balance as of June 2020

 

 

1,360,324

 

 

 

 

 

Granted

 

 

768,662

 

 

 

 

 

Delivered

 

 

(510,713

)

 

 

 

 

Forfeited

 

 

(152,363

)

 

 

 

 

Balance as of December 2020

 

 

1,465,910

 

 

$

126.3

 

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 2020

 

 

391,532

 

 

 

 

 

Granted

 

 

101,009

 

 

 

 

 

Performance adjustment

 

 

77,534

 

 

 

 

 

Delivered

 

 

(208,275

)

 

 

 

 

Forfeited

 

 

(14,773

)

 

 

 

 

Balance as of December 2020

 

 

347,027

 

 

$

29.9

 

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 2020

 

 

333,848

 

 

 

 

 

Awarded

 

 

174,231

 

 

 

 

 

Performance adjustment

 

 

84,111

 

 

 

 

 

Released

 

 

(201,835

)

 

 

 

 

Forfeited

 

 

(48,671

)

 

 

 

 

Balance as of December 2020

 

 

341,684

 

 

$

29.4