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Shareholders' Equity (Tables) | 9 Months Ended
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Mar. 31, 2021
Equity [Abstract] |
Schedule of Stock by Class | As of March 31, 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 |  | 1,925,729 |
Stock awards available for grant under 2020 Plan |  | 7,674,271 |
Options outstanding under 2003 Plan |  | 2,102,305 |
Options available for grant under 2003 Plan |  | — |
Total |  | 13,045,865 |
Schedule of Share-Based Compensation Activity | Total share-based compensation for stock awards included in general and administrative expense in our condensed consolidated statements of comprehensive income was as follows for the periods presented:
|  | Three Months Ended March 31, |  | Nine Months Ended March 31,
(in thousands) |  | 2021 |  | 2020 |  | 2021 |  | 2020
Share-based compensation related to: |  |  |  |  |  |  |  |
Equity classified stock options |  | $ | 451 |  |  | $ | 19 |  |  | $ | 1,269 |  |  | $ | 9,283 |
Equity classified RSU's |  | 648 |  |  | — |  |  | 1,608 |  |  | — |
Equity classified PSU's |  | 190 |  |  | — |  |  | 512 |  |  | — |
Total |  | $ | 1,289 |  |  | $ | 19 |  |  | $ | 3,389 |  |  | $ | 9,283 |
Schedule of Stock Options, Valuation Assumptions | The Company used the following weighted-average assumptions for the stock options granted during the nine months ended March 31, 2021. There were no stock options granted during the nine months ended March 31, 2020.
| 2021 |  |  |  |
Volatility | 25.0% |  |  |  |
Risk-free interest rate | 0.4% |  |  |  |
Dividend yield | —% |  |  |  |
Assumed forfeitures | —% |  |  |  |
Expected term (in years) | 6.24 |  |  |  |
Weighted-average fair value (per share) | $4.89 |  |  |  |
Schedule of Stock Options Roll Forward | The following table summarizes stock option activity under the Stock Plans for the nine months ended March 31, 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 | 1,035,181 |  | 19.25 |  |  |
Options exercised | (1,598,824) |  | 0.90 |  |  |
Options forfeited/expired/cancelled | (12,932) |  | 11.14 |  |  |
Outstanding—March 31, 2021 | 3,490,842 |  | $ | 8.38 |  | 6.36 | $ | 73,752 |
Vested and exercisable—March 31, 2021 | 1,947,241 |  | $ | 0.98 |  | 4.16 | $ | 55,560 |
Schedule of Restricted Stock Unit Activity | The following table summarizes restricted stock unit activity under the 2020 Stock Plan for the nine months ended March 31, 2021. There were no RSU's granted during the nine months ended March 31, 2020.
| Number of Restricted Stock Units |  | Weighted-Average Grant Date Fair Value
Unvested as of June 30, 2020 | 150,000 |  |  | $ | 20.00 |
Granted | 258,697 |  |  | 18.67 |
Vested | — |  |  | — |
Cancelled | (3,879) |  |  | 17.89 |
Unvested as of March 31, 2021 | 404,818 |  |  | $ | 19.17 |
Schedule of Performance Stock Activity | The following table summarizes performance stock unit activity under the 2020 Stock Plan for the nine months ended March 31, 2021. There were no PSU's granted during the nine months ended March 31, 2020.
| Number of Performance Stock Units |  | Weighted-Average Grant Date Fair Value
Unvested as of June 30, 2020 | — |  |  | $ | — |
Granted | 132,374 |  |  | 17.92 |
Vested | — |  |  | — |
Cancelled | — |  |  | — |
Unvested as of March 31, 2021 | 132,374 |  |  | $ | 17.92 |

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