XML 39 R28.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Shareholders' Equity and Share-based Compensation (Tables) | 9 Months Ended
--- | ---
Mar. 31, 2024
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 nine months ended March 31, 2024:
| 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 | 641,493 |  |  | $ | 22.96 |  |  |  |  |
Vested | (475,023) |  |  | $ | 30.31 |  |  |  |  |
Forfeited | (32,876) |  |  | $ | 32.35 |  |  |  |  |
Nonvested at March 31, 2024 | 1,518,659 |  |  | $ | 29.14 |  |  | 1.85 |  | $ | 33,471,244 |
The following table summarizes the Company’s PRSUs activities for the nine months ended March 31, 2024:
| 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 | 209,250 |  |  | $ | 21.55 |  |  |  |  |
Vested | (123,632) |  |  | $ | 30.50 |  |  |  |  |
Forfeited | (258,957) |  |  | $ | 26.41 |  |  |  |  |
Nonvested at March 31, 2024 | 353,375 |  |  | $ | 30.71 |  |  | 1.98 |  | $ | 7,788,385 |
Summary of Stock Option Activities | The following table summarizes the Company's stock option activities for the nine months ended March 31, 2024:
|  |  |  |  |  |  | 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 | (299,375) |  |  | $ | 7.44 |  |  |  |  |  |  | $ | 5,406,850 |
Outstanding at March 31, 2024 | 20,000 |  |  | $ | 8.86 |  |  |  |  | 0.30 |  | $ | 263,600 |
Options vested and expected to vest | 20,000 |  |  | $ | 8.86 |  |  |  |  | 0.30 |  | $ | 263,600 |
Exercisable at March 31, 2024 | 20,000 |  |  | $ | 8.86 |  |  |  |  | 0.30 |  | $ | 263,600 |
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:
| Nine Months Ended March 31,
| 2024 |  |
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 March 31, |  | Nine Months Ended March 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
| (in thousands) |  | (in thousands)
Cost of goods sold | $ | 1,424 |  |  | $ | 1,723 |  |  | $ | 3,140 |  |  | $ | 5,259 |
Research and development | 2,163 |  |  | 2,987 |  |  | 4,586 |  |  | 8,808 |
Selling, general and administrative | 4,878 |  |  | 5,722 |  |  | 10,348 |  |  | 20,052 |
| $ | 8,465 |  |  | $ | 10,432 |  |  | $ | 18,074 |  |  | $ | 34,119 |

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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardEmployeeStockPurchasePlanValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ShareBasedCompensationAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration