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Stock Benefit Plans (Tables)
12 Months Ended
Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Weighted Average Black-Scholes Model Assumptions and Weighted Average Date of Grant Fair Value of Stock Options

The weighted average Black-Scholes model assumptions and the weighted average grant date fair value of stock options in fiscal years 2015, 2014 and 2013 were as follows:

 

     Fiscal Year Ended June 30,  
     2015     2014     2013  

Expected term (in years)

     4.6        4.6        4.6   

Expected volatility

     46     48     54

Expected dividend yield

     0.0     0.0     0.0

Risk-free interest rate

     1.6     1.4     0.7

Grant date fair value

   $ 1.87      $ 3.67      $ 3.82   
Stock Option Award Activity

The following table summarizes the stock option award activity under the Company’s stock incentive plans from June 30, 2013 to June 30, 2015:

 

     Shares     Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual Life
(in years)
     Aggregate
Intrinsic
Value
(in thousands)
 

Outstanding at June 30, 2013

     10,039,450      $ 10.31         3.39       $ 5,693,691   
       

 

 

    

 

 

 

Granted

     1,449,608        8.98         

Exercised

     (731,936     4.99         

Forfeited

     (790,175     10.75         

Expired

     (2,454,355     10.93         
  

 

 

         

Outstanding at June 30, 2014

     7,512,592      $ 10.32         3.27       $ 225,182   
  

 

 

   

 

 

    

 

 

    

 

 

 

Granted

     453,608        4.65         

Exercised

     (211,878     4.60         

Forfeited

     (292,815     9.92         

Expired

     (1,583,066     10.46         
  

 

 

         

Outstanding at June 30, 2015

     5,878,441      $ 10.07         2.88       $ 950,759   
  

 

 

   

 

 

    

 

 

    

 

 

 

Vested and expected-to-vest at June 30, 2015 (1)

     5,757,585      $ 10.13         2.82       $ 888,953   
  

 

 

   

 

 

    

 

 

    

 

 

 

Vested and exercisable at June 30, 2015

     4,921,713      $ 10.52         2.44       $ 484,367   
  

 

 

   

 

 

    

 

 

    

 

 

 

 

(1) 

The expected-to-vest options are the result of applying the pre-vesting forfeiture assumption to total outstanding options.

Schedule of Share Based Compensation Options Outstanding and Exercisable By Price Range

The following table summarizes additional information regarding outstanding and exercisable stock options at June 30, 2015:

 

     Options Outstanding      Options Exercisable  

Range or Exercise Prices

   Number of Shares      Weighted
Average
Remaining
Contractual Term
     Weighted
Average
Exercise Price
     Number of Shares      Weighted
Average
Exercise Price
 

$3.91-$5.94

     677,001         5.96       $ 5.06         307,732       $ 4.90   

$5.96-$9.00

     476,045         3.34       $ 7.50         397,419       $ 7.48   

$9.01-$9.01

     798,014         0.99       $ 9.01         798,014       $ 9.01   

$9.23-$9.55

     959,877         4.31       $ 9.47         642,124       $ 9.43   

$9.64-$9.91

     655,205         3.58       $ 9.68         496,196       $ 9.69   

$10.28-$10.28

     631,536         0.08       $ 10.28         631,536       $ 10.28   

$10.34-$11.67

     1,006,268         2.54       $ 11.32         974,197       $ 11.31   

$12.43-$15.60

     181,000         3.84       $ 14.19         181,000       $ 14.19   

$16.89-$16.89

     104,295         1.74       $ 16.89         104,295       $ 16.89   

$19.00-$19.00

     389,200         1.36       $ 19.00         389,200       $ 19.00   
  

 

 

          

 

 

    

$3.91-$19.00

     5,878,441         2.88       $ 10.07         4,921,713       $ 10.52   
  

 

 

          

 

 

    
Schedule of Total Intrinsic Value, Cash Received and Actual Tax Benefit of All Options Exercised

The following table summarizes the total intrinsic value, the cash received and the actual tax benefit of all options exercised during fiscal years 2015, 2014 and 2013:

 

     Fiscal Year Ended June 30,  
     2015      2014      2013  

Intrinsic value

   $ 131       $ 1,875       $ 423   

Cash received

     975         3,652         457   

Tax benefit

     —           —           113   
Schedule of Restricted Stock Unit Activity

The following table summarizes the restricted stock unit activity under the Company’s stock incentive plans from June 30, 2013 to June 30, 2015:

 

     Shares     Weighted
Average
Grant Date
Fair Value
     Weighted
Average
Remaining
Contractual Life
(in years)
     Aggregate
Intrinsic
Value
(in thousands)
 

Outstanding at June 30, 2013

     1,660,209      $ 9.70         1.47       $ 14,328   
  

 

 

   

 

 

    

 

 

    

 

 

 

Granted

     1,049,276        9.11         

Vested

     (650,254     7.81         

Forfeited

     (411,894     9.57         
  

 

 

         

Outstanding at June 30, 2014

     1,647,337      $ 10.10         1.32       $ 9,077   
  

 

 

   

 

 

    

 

 

    

 

 

 

Granted

     3,443,278        5.26         

Vested

     (606,209     5.11         

Forfeited

     (751,776     7.04         
  

 

 

         

Outstanding at June 30, 2015

     3,732,630      $ 7.06         1.32       $ 24,064