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Shareholders' Equity (Tables) | 12 Months Ended
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Jun. 30, 2021
Equity [Abstract] |
Schedule of Stock by Class | As of June 30, 2021, the Company has reserved the following authorized, but unissued, shares of common stock:
Employee Stock Purchase Plan ("ESPP") |  | 1,343,560 |
Stock awards outstanding under 2020 Plan |  | 1,881,742 |
Stock awards available for grant under 2020 Plan |  | 7,668,259 |
Options outstanding under 2003 Plan |  | 2,005,977 |
Options available for grant under 2003 Plan |  | — |
Total |  | 12,899,538 |
Schedule of Share-Based Compensation Activity | Total share-based compensation for stock awards included in general and administrative expense in our consolidated statements of comprehensive income for the periods presented was as follows:
|  | Year Ended June 30,
(in thousands) |  | 2021 |  | 2020 |  | 2019
Share-based compensation related to: |  |  |  |  |  |
Equity classified stock options |  | $ | 1,732 |  |  | $ | 9,383 |  |  | $ | 86 |
Equity classified RSU's |  | 2,274 |  |  | 115 |  |  | — |
Equity classified PSU's |  | 705 |  |  | — |  |  | — |
Total |  | $ | 4,711 |  |  | $ | 9,498 |  |  | $ | 86 |
Schedule of Stock Options, Valuation Assumptions | The Company used the following weighted-average assumptions for the stock options granted during the periods presented below:
| Year Ended June 30,
| 2021 |  | 2020 |  | 2019
Volatility | 25.0% |  | 25.1% |  | 24.8%
Risk-free interest rate | 0.4% |  | 0.7% |  | 2.7%
Dividend yield | —% |  | —% |  | 1.9% to 2.3%
Assumed forfeitures | —% |  | —% |  | —%
Expected term (in years) | 6.24 |  | 5.94 |  | 5.95
Weighted-average fair value (per share) | $4.90 |  | $3.79 |  | $0.15
Schedule of Stock Options Roll Forward | The following table summarizes stock option activity under the Stock Plans for the year ended June 30, 2021:
| Number of Options | Weighted- Average Exercise Price | Weighted- Average Remaining Contractual Term (in Years) | Aggregate Intrinsic Value (in Thousands)
Outstanding—June 30, 2020 | 4,067,417 |  | $ | 2.69 |  |  |
Options granted | 1,040,960 |  | 19.31 |  |  |
Options exercised | (1,695,152) |  | 0.94 |  |  |
Options forfeited/expired/cancelled | (14,712) |  | 11.95 |  |  |
Outstanding—June 30, 2021 | 3,398,513 |  | $ | 8.61 |  | 6.17 | $ | 37,466 |
Vested and exercisable—June 30, 2021 | 2,030,083 |  | $ | 2.02 |  | 4.28 | $ | 35,071 |
Schedule of Restricted Stock Unit Activity | The following table summarizes restricted stock unit activity under the 2020 Stock Plan for the year ended June 30, 2021:
| Number of Restricted Stock Units |  | Weighted-Average Grant Date Fair Value
Unvested as of June 30, 2020 | 150,000 |  |  | $ | 20.00 |
Granted | 261,066 |  |  | 18.77 |
Vested | (49,999) |  |  | 20.00 |
Cancelled | (4,782) |  |  | 17.89 |
Unvested as of June 30, 2021 | 356,285 |  |  | $ | 19.12 |
Schedule of Performance Stock Activity | The following table summarizes performance stock unit activity under the 2020 Stock Plan for the year ended June 30, 2021:
| Number of Performance Stock Units |  | Weighted-Average Grant Date Fair Value
Unvested as of June 30, 2020 | — |  |  | $ | — |
Granted | 132,921 |  |  | 17.97 |
Vested | — |  |  | — |
Cancelled | — |  |  | — |
Unvested as of June 30, 2021 | 132,921 |  |  | $ | 17.97 |

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