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Shareholders' Equity and Share-based Compensation (Tables)

9 Months Ended

Mar. 31, 2022

Share-based Payment Arrangement, Noncash Expense [Abstract]

Restricted Stock Units Activity

Time-based Restricted 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

The 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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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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