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Shareholders' Equity and Share-based Compensation (Tables)

6 Months Ended

Dec. 31, 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 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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- 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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