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Shareholders' Equity (Tables)

9 Months Ended

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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