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Shareholders' Equity and Share-based Compensation (Tables) | 6 Months Ended
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Dec. 31, 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 six months ended December 31, 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 | 121,951 |  |  | $ | 28.46 |  |  |  |  |
Vested | (82,517) |  |  | $ | 30.26 |  |  |  |  |
Forfeited | (24,601) |  |  | $ | 34.88 |  |  |  |  |
Nonvested at December 31, 2023 | 1,399,898 |  |  | $ | 32.22 |  |  | 1.34 |  | $ | 36,481,342 |
The following table summarizes the Company’s PRSUs activities for the six months ended December 31, 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 December 31, 2023 | 526,714 |  |  | $ | 32.19 |  |  | 1.29 |  | $ | 13,726,167 |
Summary of Stock Option Activities | The following table summarizes the Company's stock option activities for the six months ended December 31, 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 | (157,500) |  |  | $ | 7.45 |  |  |  |  |  |  | $ | 1,732,188 |
Outstanding at December 31, 2023 | 161,875 |  |  | $ | 7.61 |  |  |  |  | 0.25 |  | $ | 2,987,294 |
Options vested and expected to vest | 161,875 |  |  | $ | 7.61 |  |  |  |  | 0.25 |  | $ | 2,987,294 |
Exercisable at December 31, 2023 | 161,875 |  |  | $ | 7.61 |  |  |  |  | 0.25 |  | $ | 2,987,294 |
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:
| Six Months Ended December 31,
| 2023 |  |
Volatility rate | 64.0% |  |
Risk-free interest rate | 5.2% |  |
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 December 31, |  | Six Months Ended December 31,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (in thousands) |  | (in thousands)
Cost of goods sold | $ | 1,504 |  |  | $ | 1,748 |  |  | $ | 1,716 |  |  | $ | 3,536 |
Research and development | 2,417 |  |  | 3,327 |  |  | 2,423 |  |  | 5,821 |
Selling, general and administrative | 4,770 |  |  | 8,016 |  |  | 5,470 |  |  | 14,330 |
| $ | 8,691 |  |  | $ | 13,091 |  |  | $ | 9,609 |  |  | $ | 23,687 |

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