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Shareholders' Equity (Tables)

12 Months Ended

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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