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Share-based Compensation (Tables)

12 Months Ended

Jun. 30, 2024

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, 2021						487,875						$	7.99											2.32
Exercised						(98,000)						$	9.15																	$	3,936,675
Outstanding at June 30, 2022						389,875						$	7.70											1.53
Exercised						(65,500)						$	8.42																	$	1,442,646
Canceled or forfeited						(5,000)						$	9.19
Outstanding at June 30, 2023						319,375						$	7.53											0.72						$	8,071,631
Exercised						(309,375)						$	7.48																	$	5,588,750
Outstanding at June 30, 2024						10,000						$	9.07											0.13						$	283,000
Options vested and expected to vest						10,000						$	9.07											0.13						$	283,000
Exercisable at June 30, 2024						10,000						$	9.07											0.13						$	283,000

Restricted Stock Units Activity

The following table summarizes the Company's TRSU activities:

 

						Number of Time-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, 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
Granted						714,080						$	27.70
Vested						(451,549)						$	28.84
Forfeited						(47,075)						$	33.40
Nonvested at June 30, 2023						1,385,065						$	32.48					1.73						$	45,430,132
Granted						679,993						$	23.12
Vested						(521,109)						$	30.00
Forfeited						(74,814)						$	30.34
Nonvested at June 30, 2024						1,469,135						$	29.13					1.66						$	54,901,575

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, 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
Granted						264,214						$	25.70
Vested						(116,132)						$	30.54
Forfeited						(10,743)						$	48.65
Nonvested at June 30, 2023						526,714						$	32.19					1.78						$	17,276,219
Granted						209,250						$	21.55
Vested						(123,632)						$	30.50
Forfeited						(268,207)						$	26.59
Nonvested at June 30, 2024						344,125						$	30.69					1.73						$	12,859,951

Schedule of Nonvested Share Activity

The following table summarizes the Company’s MSUs activities:
						Number of Market-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, 2021						1,240,000						$	5.17					3.84						$	37,683,600
Granted						1,022,000						$	48.44
Forfeited						(56,000)						$	9.81
Nonvested at June 30, 2022						2,206,000						$	25.10					3.83						$	73,548,040
Vested						(90,000)						$	5.17
Forfeited						(8,000)						$	48.44
Nonvested at June 30, 2023						2,108,000						$	25.86					2.96						$	69,142,400
Vested						(275,000)						$	5.17
Forfeited						(106,000)						$	42.32
Nonvested at June 30, 2024						1,727,000						$	28.15					2.83						$	64,537,990

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,
			2024						2023						2022
Volatility rate			53.0% - 64.3%						64.0% - 70.5%						66.4% - 69.9%
Risk-free interest rate			5.0% - 5.2%						4.5% - 4.6%						0.3% - 2.1%
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, PRSUs, 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,
			2024						2023						2022
			(in thousands)
Cost of goods sold			$	3,434					$	5,851					$	5,125
Research and development			5,210						9,437						7,049
Selling, general and administrative			12,997						22,200						19,150
			$	21,641					$	37,488					$	31,324

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- 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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