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v3.22.2.2

Stock Benefit Plans (Tables) | 12 Months Ended
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Jun. 30, 2022
Stock options [Member] |
Schedule of Weighted Average Assumptions | The weighted-average Black-Scholes model assumptions and the weighted-average grant date fair value of stock options in fiscal years 2022, 2021 and 2020 were as follows:
|  | Fiscal Year Ended June 30, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Expected term (in years) |  |  | 4.4 |  |  |  | 4.5 |  |  |  | 4.3 |
Expected volatility |  |  | 58 | % |  |  | 61 | % |  |  | 58 | %
Expected dividend yield |  |  | — |  |  |  | — |  |  |  | — |
Risk-free interest rate |  |  | 1.0 | % |  |  | 0.6 | % |  |  | 1.4 | %
Grant date fair value |  | $ | 8.12 |  |  | $ | 7.85 |  |  | $ | 5.30 |
Stock Option Award Activity | The following table summarizes the stock option award activity under the plans in fiscal years 2022 and 2021:
|  | Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life (In years) |  |  | Aggregate Intrinsic Value (In thousands) |
Outstanding at June 30, 2020 |  |  | 1,596,853 |  |  | $ | 5.25 |  |  |  | 3.18 |  |  | $ | 8,892 |
Granted |  |  | 106,186 |  |  |  | 16.28 |  |  |  |  |  |  |  |  |
Exercised |  |  | (758,447 | ) |  |  | 5.64 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (17,051 | ) |  |  | 9.28 |  |  |  |  |  |  |  |  |
Expired |  |  | (9,448 | ) |  |  | 8.89 |  |  |  |  |  |  |  |  |
Outstanding at June 30, 2021 |  |  | 918,093 |  |  | $ | 6.10 |  |  |  | 2.89 |  |  | $ | 11,578 |
Granted |  |  | 58,420 |  |  |  | 17.38 |  |  |  |  |  |  |  |  |
Exercised |  |  | (412,941 | ) |  |  | 4.48 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (9,134 | ) |  |  | 11.36 |  |  |  |  |  |  |  |  |
Expired |  |  | (6,819 | ) |  |  | 13.78 |  |  |  |  |  |  |  |  |
Outstanding at June 30, 2022 |  |  | 547,619 |  |  | $ | 8.33 |  |  |  | 2.76 |  |  | $ | 2,110 |
Vested and expected-to-vest at June 30, 2022 (1) |  |  | 538,186 |  |  | $ | 8.17 |  |  |  | 2.71 |  |  | $ | 2,109 |
Vested and exercisable at June 30, 2022 |  |  | 440,250 |  |  | $ | 6.19 |  |  |  | 2.06 |  |  | $ | 2,106 |
(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 Range of Exercise Price | The following table summarizes outstanding and exercisable stock options by range of exercise price as of June 30, 2022:
|  | 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 |
$3.40 - $3.40 |  |  | 50,000 |  |  |  | 1.59 |  |  | $ | 3.40 |  |  |  | 50,000 |  |  | $ | 3.40 |
$3.63 - $3.63 |  |  | 137,125 |  |  |  | 1.08 |  |  | $ | 3.63 |  |  |  | 137,125 |  |  | $ | 3.63 |
$4.01 - $4.01 |  |  | 103,675 |  |  |  | 2.06 |  |  | $ | 4.01 |  |  |  | 103,128 |  |  | $ | 4.01 |
$5.80 - $7.20 |  |  | 66,666 |  |  |  | 0.70 |  |  | $ | 6.06 |  |  |  | 66,666 |  |  | $ | 6.06 |
$9.69 - $11.71 |  |  | 61,586 |  |  |  | 5.17 |  |  | $ | 11.49 |  |  |  | 33,734 |  |  | $ | 11.35 |
$11.98 - $17.16 |  |  | 25,329 |  |  |  | 3.76 |  |  | $ | 13.74 |  |  |  | 20,554 |  |  | $ | 13.71 |
$18.32 - $18.32 |  |  | 50,000 |  |  |  | 6.07 |  |  | $ | 18.32 |  |  |  | 11,458 |  |  | $ | 18.32 |
$18.35 - $18.35 |  |  | 1,890 |  |  |  | 3.01 |  |  | $ | 18.35 |  |  |  | 1,654 |  |  | $ | 18.35 |
$20.73 - $20.73 |  |  | 50,000 |  |  |  | 5.83 |  |  | $ | 20.73 |  |  |  | 14,583 |  |  | $ | 20.73 |
$24.46 - $24.46 |  |  | 1,348 |  |  |  | 5.61 |  |  | $ | 24.46 |  |  |  | 1,348 |  |  | $ | 24.46 |
$3.40 - $24.46 |  |  | 547,619 |  |  |  | 2.76 |  |  | $ | 8.33 |  |  |  | 440,250 |  |  | $ | 6.19 |
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 in fiscal years 2022, 2021 and 2020 (in thousands):
|  | Fiscal Year Ended June 30, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Intrinsic value |  | $ | 4,262 |  |  | $ | 9,408 |  |  | $ | 6,145 |
Cash received |  |  | 1,850 |  |  |  | 4,279 |  |  |  | 4,480 |
Tax benefit |  |  | 725 |  |  |  | 1,569 |  |  |  | 894 |
Service-based RSU [Member] |
Schedule of RSU Activity | The following table summarizes the service-based RSU activity under the plans in fiscal years 2022 and 2021:
|  | Shares |  |  | Weighted Average Grant Date Fair Value |  |  | Weighted Average Remaining Contractual Life (In years) |  |  | Aggregate Intrinsic Value (In thousands) |
Outstanding at June 30, 2020 |  |  | 1,842,378 |  |  | $ | 12.37 |  |  |  | 1.11 |  |  | $ | 18,794 |
Granted |  |  | 1,026,425 |  |  |  | 13.28 |  |  |  |  |  |  |  |  |
Vested |  |  | (872,952 | ) |  |  | 11.83 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (118,211 | ) |  |  | 14.14 |  |  |  |  |  |  |  |  |
Outstanding at June 30, 2021 |  |  | 1,877,640 |  |  | $ | 12.97 |  |  |  | 1.26 |  |  | $ | 34,039 |
Granted |  |  | 1,134,351 |  |  |  | 16.05 |  |  |  |  |  |  |  |  |
Vested |  |  | (751,246 | ) |  |  | 13.34 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (370,264 | ) |  |  | 14.68 |  |  |  |  |  |  |  |  |
Outstanding at June 30, 2022 |  |  | 1,890,481 |  |  | $ | 14.33 |  |  |  | 1.32 |  |  | $ | 19,018 |
Market-based RSUs [Member] |
Schedule of RSU Activity | The following table summarizes the market-based RSU activity under the 2010 Incentive Plan in fiscal years 2022 and 2021:
|  | Shares |  |  | Weighted Average Grant Date Fair Value |  |  | Weighted Average Remaining Contractual Life (In years) |  |  | Aggregate Intrinsic Value (In thousands) |
Outstanding at June 30, 2020 |  |  | 27,346 |  |  | $ | 5.61 |  |  |  | 0.52 |  |  | $ | 763 |
Granted |  |  | — |  |  |  | — |  |  |  |  |  |  |  |  |
Vested |  |  | (20,507 | ) |  |  | 4.60 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (2,999 | ) |  |  | 8.90 |  |  |  |  |  |  |  |  |
Outstanding at June 30, 2021 |  |  | 3,840 |  |  | $ | 8.43 |  |  |  | 0.37 |  |  | $ | 919 |
Granted |  |  | — |  |  |  | — |  |  |  |  |  |  |  |  |
Vested |  |  | (3,783 | ) |  |  | 8.45 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (57 | ) |  |  | 7.01 |  |  |  |  |  |  |  |  |
Outstanding at June 30, 2022 |  |  | — |  |  | $ | — |  |  |  | — |  |  | $ | — |
Performance-based RSU [Member] |
Schedule of RSU Activity | The following table summarizes the performance-based RSU activity under the 2010 Incentive Plan in fiscal years 2022 and 2021:
|  | Shares |  |  | Weighted Average Grant Date Fair Value |  |  | Weighted Average Remaining Contractual Life (In years) |  |  | Aggregate Intrinsic Value (In thousands) |
Outstanding at June 30, 2020 |  |  | 1,097,642 |  |  | $ | 12.37 |  |  |  | 1.30 |  |  | $ | 11,481 |
Granted |  |  | 704,485 |  |  |  | 18.58 |  |  |  |  |  |  |  |  |
Vested |  |  | (418,464 | ) |  |  | 13.37 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (125,325 | ) |  |  | 13.89 |  |  |  |  |  |  |  |  |
Outstanding at June 30, 2021 |  |  | 1,258,338 |  |  | $ | 16.10 |  |  |  | 1.19 |  |  | $ | 23,380 |
Granted |  |  | 754,572 |  |  |  | 10.06 |  |  |  |  |  |  |  |  |
Vested |  |  | (539,108 | ) |  |  | 16.15 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (249,825 | ) |  |  | 13.74 |  |  |  |  |  |  |  |  |
Outstanding at June 30, 2022 |  |  | 1,223,977 |  |  | $ | 13.32 |  |  |  | 1.12 |  |  | $ | 12,313 |
Employee Stock Purchase Plan [Member] |
Schedule of Fair Value of Purchase Rights | The fair value of the purchase rights for the ESPP are estimated on the date of grant using the Black-Scholes model with the following assumptions:
|  | Fiscal Year Ended June 30, 2022 |
Expected term (in years) |  | 0.5 - 2.0 |
Expected volatility |  | 48% - 64% |
Expected dividend yield |  |  | — |
Risk-free interest rate |  | 0.3% - 1.0% |
Grant date fair value |  | $3.72 - $5.33 |

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