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Shareholders' Equity and Share-based Compensation (Tables) | 9 Months Ended
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Mar. 31, 2022
Share-based Payment Arrangement, Noncash Expense [Abstract] |
Restricted Stock Units Activity | Time-based Restric ted Stock Units (“TRSU”) The following table summarizes the Company's TRSU activities for the nine months ended March 31, 2022:
| Number of Restricted Stock Units |  | Weighted Average Grant Date Fair Value Per Share |  | Weighted Average Remaining Contractual Term (Years) |  | Aggregate Intrinsic Value
Nonvested at June 30, 2021 | 1,053,524 |  |  | $ | 21.60 |  |  | 1.73 |  | $ | 32,016,594 |
Granted | 563,681 |  |  | $ | 46.10 |  |  |  |  |
Vested | (380,029) |  |  | $ | 20.01 |  |  |  |  |
Forfeited | (46,251) |  |  | $ | 23.14 |  |  |  |  |
Nonvested at March 31, 2022 | 1,190,925 |  |  | $ | 33.64 |  |  | 1.92 |  | $ | 65,084,051 |
The following table summarizes the Company’s PRSUs activities for the nine months ended March 31, 2022:
| Number of Performance-based Restricted Stock Units |  | Weighted Average Grant Date Fair Value Per Share |  | Weighted Average Remaining Contractual Term (Years) |  | Aggregate Intrinsic Value
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 | (1,000) |  |  | $ | 16.22 |  |  |  |  |
Nonvested at March 31, 2022 | 395,625 |  |  | $ | 36.68 |  |  | 2.11 |  | $ | 21,620,906 |
Summary of Stock Option Activities | The following table summarizes the Company's stock option activities for the nine months ended March 31, 2022:
|  |  |  |  |  |  | Weighted |  |
|  |  | Weighted |  |  |  | Average |  |
|  |  | Average |  |  |  | Remaining |  |
| Number of |  | Exercise Price |  |  |  | Contractual |  | Aggregate
| Shares |  | Per Share |  |  |  | Term (in years) |  | Intrinsic Value
Outstanding at June 30, 2021 | 487,875 |  |  | $ | 7.99 |  |  |  |  | 2.32 |  | $ | 10,928,653 |
Exercised | (93,000) |  |  | $ | 9.24 |  |  |  |  |  |  |
Outstanding at March 31, 2022 | 394,875 |  |  | $ | 7.70 |  |  |  |  | 1.78 |  | $ | 18,541,050 |
Options vested and expected to vest | 394,875 |  |  | $ | 7.70 |  |  |  |  | 1.78 |  | $ | 18,541,050 |
Exercisable at March 31, 2022 | 394,875 |  |  | $ | 7.70 |  |  |  |  | 1.78 |  | $ | 18,541,050 |
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions | The assumptions used to estimate the fair values of common shares issued under the ESPP were as follows:
| Nine Months End March 31,
| 2022 |  |
Volatility rate | 66.4% |  |
Risk-free interest rate | 0.3% |  |
Expected term | 1.3 years |  |
Dividend yield | 0% |  |
Share-based Compensation, Allocation of Recognized Period Costs | Share-based Compensation Expense T he total share-based compensation expense recognized in the Condensed Consolidated Statements of Income for the periods presented was as follows:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
| 2022 |  | 2021 |  | 2022 |  | 2021
| (in thousands) |  | (in thousands)
Cost of goods sold | $ | 1,282 |  |  | $ | 427 |  |  | $ | 3,560 |  |  | $ | 1,195 |
Research and development | 1,814 |  |  | 1,316 |  |  | 4,769 |  |  | 3,639 |
Selling, general and administrative | 5,177 |  |  | 2,082 |  |  | 13,125 |  |  | 5,091 |
| $ | 8,273 |  |  | $ | 3,825 |  |  | $ | 21,454 |  |  | $ | 9,925 |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition 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. + References No definition available. + Details
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