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Shareholders' Equity and Share-based Compensation (Tables)

3 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement, Noncash Expense [Abstract]

Restricted Stock Units Activity

Time-based Restricted Stock Units (“TRSUs”)

The following table summarizes the Company’ TRSU activities for the three months ended September 30, 2024:

			Number of Time-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, 2024			1,469,135						$	29.13					1.66						$	54,901,575
Granted			29,000						$	38.86
Vested			(63,411)						$	30.03
Forfeited			(16,838)						$	29.17
Nonvested at September 30, 2024			1,417,886						$	29.29					1.49						$	52,631,928

The following table summarizes the Company’s PRSUs activities for the three months ended September 30, 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, 2024			344,125						$	30.69					1.73						$	12,859,951
Nonvested at September 30, 2024			344,125						$	30.69					1.47						$	12,773,920

Summary of Stock Option Activities

The following table summarizes the Company’s stock option activities for the three months ended September 30, 2024:

																					Weighted
									Weighted												Average
									Average												Remaining
			Number of						Exercise Price												Contractual						Aggregate
			Shares						Per Share												Term (in years)						Intrinsic Value
Outstanding at June 30, 2024			10,000						$	9.07											0.13						$	283,000
Exercised			(10,000)						$	9.07																	$	265,267
Outstanding at September 30, 2024			0						0.00												0.00						$	0.00

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:

			Three Months Ended September 30,
			2024
Volatility rate			53.0%
Risk-free interest rate			5.0%
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 September 30,
															2024						2023
									(in thousands)
Cost of goods sold															$	1,015					$	212
Research and development															1,935						6
Selling, general and administrative															3,952						700
															$	6,902					$	918

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

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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
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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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