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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 Restricted 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.

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-SubTopic 10
-Section 50
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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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