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Share-based Compensation (Tables)

12 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement, Noncash Expense [Abstract]

Summary of Stock Option Activities

The following table summarizes the Company's stock option activities:

																								Weighted
												Weighted												Average
												Average												Remaining
						Number of						Exercise Price												Contractual						Aggregate
						Shares						Per Share												Term (in years)						Intrinsic Value
Outstanding at June 30, 2019						876,478						$	10.98											3.06
Granted						—						$	—
Exercised						(2,500)						$	10.50																	$	4,726
Canceled or forfeited						(230,000)						$	17.11
Outstanding at June 30, 2020						643,978						$	8.79											2.89
Granted						—						$	—
Exercised						(156,103)						$	11.31																	$	1,272,291
Canceled or forfeited						—						$	—
Outstanding at June 30, 2021						487,875						$	7.99											2.32
Granted						—						$	—
Exercised						(98,000)						$	9.15																	$	3,936,675
Canceled or forfeited						—						$	—
Outstanding at June 30, 2022						389,875						$	7.70											1.53						$	9,997,364
Options vested and expected to vest						389,875						$	7.70											1.53						$	9,997,364
Exercisable at June 30, 2022						389,875						$	7.70											1.53						$	9,997,364

Restricted Stock Units Activity

The following table summarizes the Company's TRSU activities:

 

						Number of Restricted Stock Units						Weighted Average Grant Date Fair Value Per Share						Weighted Average Remaining Recognition Period (Years)						Aggregate Intrinsic Value
Nonvested at June 30, 2019						906,341						$	14.09					1.62						$	8,465,225
Granted						505,440						$	8.51
Vested						(455,893)						$	13.53
Forfeited						(23,750)						$	13.19
Nonvested at June 30, 2020						932,138						$	11.36					1.66						$	10,141,661
Granted						722,873						$	29.85
Vested						(567,087)						$	15.70
Forfeited						(34,400)						$	14.88
Nonvested at June 30, 2021						1,053,524						$	21.60					1.73						$	32,016,594
Granted						597,381						$	45.83
Vested						(410,670)						$	20.54
Forfeited						(70,626)						$	26.79
Nonvested at June 30, 2022						1,169,609						$	34.03					1.73						$	38,994,764

The following table summarizes the Company’s PRSU activities:

						Number of Performance-based Restricted Stock Units						Weighted Average Grant Date Fair Value Per Share						Weighted Average Remaining Recognition Period (Years)						Aggregate Intrinsic Value
Nonvested at June 30, 2019						596,724						$	13.95					1.88						$	5,573,402
Granted						155,000						$	7.36
Vested						(110,659)						$	16.68
Forfeited						(298,290)						$	11.32
Nonvested at June 30, 2020						342,775						$	12.38					1.60						$	3,729,392
Granted						165,500						$	36.27
Vested						(148,211)						$	14.24
Forfeited						(6,240)						$	17.23
Nonvested at June 30, 2021						353,824						$	22.69					1.74						$	10,752,711
Granted						194,000						$	48.65
Vested						(151,199)						$	19.44
Forfeited						(7,250)						$	40.33
Nonvested at June 30, 2022						389,375						$	36.56					1.85						$	12,981,763

Employee Stock Purchase Plan, Valuation Assumptions

The ESPP is compensatory and results in compensation expense. The fair values of common shares to be issued under the ESPP were determined using the Black-Scholes option pricing model with the following assumptions:

			Year Ended June 30,
			2022						2021						2020
Volatility rate			66.4% - 69.9%						63.1% - 68.5%						46.4% - 58.3%
Risk-free interest rate			0.3% - 2.1%						0.1% - 0.2%						0.2% - 1.6%
Expected term			1.3 years						1.3 years						1.3 years
Dividend yield			—%						—%						—%

Share-based Compensation, Allocation of Recognized Period Costs

Share-based Compensation Expenses

The total share-based compensation expense related to TRSU, PSUs, MSUs, stock options and ESPP described above, recognized in the consolidated statements of operations for the years presented was as follows:

			Year Ended June 30,
			2022						2021						2020
			(in thousands)
Cost of goods sold			$	5,125					$	1,756					$	1,530
Research and development			7,049						5,352						2,895
Selling, general and administrative			19,150						8,216						6,029
			$	31,324					$	15,324					$	10,454

X

- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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-Topic 718
-SubTopic 10
-Section 50
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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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