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Shareholders' Equity and Share-based Compensation (Tables) | 3 Months Ended
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Sep. 30, 2023
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 three months ended September 30, 2023:
| 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, 2023 | 1,385,065 |  |  | $ | 32.48 |  |  | 1.73 |  | $ | 45,430,132 |
Granted | 76,800 |  |  | $ | 32.79 |  |  |  |  |
Vested | (44,655) |  |  | $ | 31.18 |  |  |  |  |
Forfeited | (14,501) |  |  | $ | 33.55 |  |  |  |  |
Nonvested at September 30, 2023 | 1,402,709 |  |  | $ | 32.53 |  |  | 1.57 |  | $ | 41,856,837 |
The following table summarizes the Company’s PRSUs activities for the three months ended September 30, 2023:
| 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, 2023 | 526,714 |  |  | $ | 32.19 |  |  | 1.78 |  | $ | 17,276,219 |
Granted | — |  |  | $ | — |  |  |  |  |
Vested | — |  |  | $ | — |  |  |  |  |
Forfeited | — |  |  | $ | — |  |  |  |  |
Nonvested at September 30, 2023 | 526,714 |  |  | $ | 32.19 |  |  | 1.52 |  | $ | 15,717,146 |
Summary of Stock Option Activities | The following table summarizes the Company's stock option activities for the three months ended September 30, 2023:
|  |  |  |  |  |  | Weighted |  |
|  |  | Weighted |  |  |  | Average |  |
|  |  | Average |  |  |  | Remaining |  |
| Number of |  | Exercise Price |  |  |  | Contractual |  | Aggregate
| Shares |  | Per Share |  |  |  | Term (in years) |  | Intrinsic Value
Outstanding at June 30, 2023 | 319,375 |  |  | $ | 7.53 |  |  |  |  | 0.72 |  | $ | 8,071,631 |
Exercised | (60,000) |  |  | $ | 7.44 |  |  |  |  |  |  | $ | 1,342,961 |
Outstanding at September 30, 2023 | 259,375 |  |  | $ | 7.55 |  |  |  |  | 0.47 |  | $ | 5,782,281 |
Options vested and expected to vest | 259,375 |  |  | $ | 7.55 |  |  |  |  | 0.47 |  | $ | 5,782,281 |
Exercisable at September 30, 2023 | 259,375 |  |  | $ | 7.55 |  |  |  |  | 0.47 |  | $ | 5,782,281 |
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:
| Three Months Ended September 30,
| 2023 |  |
Volatility rate | 64.0% |  |
Risk-free interest rate | 4.6% |  |
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 September 30, |  |
| 2023 |  | 2022 |  |  |  |
| (in thousands) |  |
Cost of goods sold | $ | 212 |  |  | $ | 1,788 |  |  |  |  |
Research and development | 6 |  |  | 2,494 |  |  |  |  |
Selling, general and administrative | 700 |  |  | 6,314 |  |  |  |  |
| $ | 918 |  |  | $ | 10,596 |  |  |  |  |

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