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Shareholders' Equity and Share-based Compensation (Tables)

3 Months Ended

Sep. 30, 2023

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 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

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
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
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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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