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Stock Benefit Plans (Tables)
3 Months Ended
Sep. 30, 2022
Stock options [Member]  
Schedule of Weighted Average Assumptions

The Company estimates the fair value of stock options at the date of grant using the Black-Scholes option-pricing model. Options are granted with an exercise price equal to the closing price of the Company’s common stock on the date of grant. The weighted-average Black-Scholes model assumptions for the three months ended September 30, 2022 and 2021 were as follows:

 

 

 

Three Months Ended

 

 

 

September 30,

 

 

 

2022

 

 

2021

 

Expected term (in years)

 

 

3.5

 

 

 

4.5

 

Expected volatility

 

 

55

%

 

 

58

%

Expected dividend yield

 

 

 

 

 

 

Risk-free interest rate

 

 

3.0

%

 

 

0.8

%

Grant date fair value

 

$

5.44

 

 

$

8.66

 

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:

 

 

 

 

 

 

 

Three Months Ended

 

 

 

September 30, 2022

 

Expected term (in years)

 

0.5 - 2.0

 

Expected volatility

 

48% - 57%

 

Expected dividend yield

 

 

 

Risk-free interest rate

 

2.9% - 3.0%

 

Grant date fair value

 

$3.77 - $5.53