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Employee Benefit Plans (including Share-based Compensation) (Tables)
 12 Months Ended
Jun. 30, 2016
Share Based Compensation [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity

The following table summarizes stock option activity under all plans (shares and intrinsic value in thousands):

 

 

 

Number of Shares

 

 

Weighted-Average Exercise Price Per Share

 

 

Weighted-Average Remaining Contractual Term (years)

 

 

Aggregate Intrinsic Value

 

Options outstanding at June 30, 2015

 

 

10,604

 

 

$

4.03

 

 

 

3.79

 

 

$

410

 

Granted

 

 

5

 

 

$

3.79

 

 

 

 

 

 

 

 

 

Exercised

 

 

(382

)

 

$

3.21

 

 

 

 

 

 

 

 

 

Cancelled

 

 

(3,842

)

 

$

3.99

 

 

 

 

 

 

 

 

 

Options outstanding at June 30, 2016

 

 

6,385

 

 

$

4.10

 

 

 

3.70

 

 

$

1,416

 

Exercisable at June 30, 2016

 

 

4,676

 

 

$

4.28

 

 

 

2.82

 

 

$

602

 

Vested and expected to vest at June 30, 2016

 

 

6,122

 

 

$

4.14

 

 

 

3.21

 

 

$

1,254

 

 
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

The following table summarizes significant ranges of outstanding and exercisable options at June 30, 2016 (shares outstanding and exercisable, in thousands):

 

Options Outstanding

 

 

Options Exercisable

 

 

 

 

 

 

 

Weighted-

 

 

Weighted-

 

 

 

 

 

 

Weighted-

 

 

 

Number

 

 

Average

 

 

Average

 

 

Number

 

 

Average

 

Range of

 

Outstanding

 

 

Remaining

 

 

Exercise

 

 

Exercisable

 

 

Exercise

 

Exercise Prices

 

(000’s)

 

 

Contractual Life

 

 

Price

 

 

(000’s)

 

 

Price

 

 

 

 

 

 

 

(In years)

 

 

 

 

 

 

 

 

 

 

 

 

 

$1.69 – $2.32

 

 

258

 

 

 

1.90

 

 

$

2.06

 

 

 

258

 

 

$

2.06

 

$2.51 – $2.51

 

 

1,006

 

 

 

5.84

 

 

$

2.51

 

 

 

107

 

 

$

2.51

 

$2.82 – $3.29

 

 

672

 

 

 

2.03

 

 

$

3.13

 

 

 

615

 

 

$

3.15

 

$3.38 – $3.55

 

 

686

 

 

 

2.38

 

 

$

3.51

 

 

 

555

 

 

$

3.50

 

$3.58 – $4.25

 

 

1,143

 

 

 

1.27

 

 

$

4.01

 

 

 

1,102

 

 

$

4.01

 

$4.29 – $4.29

 

 

2

 

 

 

0.69

 

 

$

4.29

 

 

 

2

 

 

$

4.29

 

$5.21 – $5.21

 

 

204

 

 

 

1.61

 

 

$

5.21

 

 

 

175

 

 

$

5.21

 

$5.30 – $5.30

 

 

1,923

 

 

 

4.25

 

 

$

5.30

 

 

 

1,559

 

 

$

5.30

 

$5.67 – $5.67

 

 

446

 

 

 

3.47

 

 

$

5.67

 

 

 

269

 

 

$

5.67

 

$6.15 – $6.15

 

 

45

 

 

 

3.39

 

 

$

6.15

 

 

 

34

 

 

$

6.15

 

$1.69 – $6.15

 

 

6,385

 

 

 

3.70

 

 

$

4.10

 

 

 

4,676

 

 

$

4.28

 

 
Schedule of Share-based Compensation, Restricted Stock Units Activity

The following table summarizes stock award activity (shares and market value in thousands):

 

 

 

Number of Shares

 

 

Weighted- Average Grant Date Fair Value

 

 

Aggregate Fair Market Value

 

Non-vested stock awards outstanding at June 30, 2015

 

 

4,597

 

 

$

3.82

 

 

 

 

 

Granted

 

 

3,399

 

 

$

3.15

 

 

 

 

 

Vested

 

 

(2,602

)

 

$

4.20

 

 

 

 

 

Cancelled

 

 

(1,170

)

 

$

2.95

 

 

 

 

 

Non-vested stock awards outstanding at June 30, 2016

 

 

4,224

 

 

$

3.36

 

 

$

14,319

 

 
Summary of PSUs with Market or Performance Based Conditions Granted

The following table summarizes PSU’s with market or performance based conditions granted and the number of awards that have satisfied the relevant market or performance criteria in each period (in thousands).

 

 

 

Fiscal year 2016

 

 

Fiscal year 2015

 

 

Fiscal year 2014

 

Performance awards granted

 

 

695

 

 

 

615

 

 

 

—

 

Performance awards earned

 

 

582

 

 

 

—

 

 

 

—

 

 
Schedule of Recognized Share-based Compensation Expense

Share-based compensation expense recognized in the financial statements by line item caption is as follows (in thousands):

 

 

 

Year Ended

 

 

 

June 30,

2016

 

 

June 30,

2015

 

 

June 30,

2014

 

Cost of product revenue

 

$

882

 

 

$

1,067

 

 

$

836

 

Cost of service revenue

 

 

1,041

 

 

 

1,068

 

 

 

895

 

Research and development

 

 

4,559

 

 

 

5,365

 

 

 

4,111

 

Sales and marketing

 

 

4,633

 

 

 

5,170

 

 

 

6,430

 

General and administrative

 

 

3,677

 

 

 

5,131

 

 

 

3,650

 

Total share-based compensation expense

 

$

14,792

 

 

$

17,801

 

 

$

15,922

 

 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair value of each share purchase option under the Company's 2014 ESPP and 1999 ESPP is estimated on the date of grant using the Black-Scholes-Merton option valuation model with the weighted average assumptions noted in the following table. The expected term of the 2014 ESPP and the 1999 ESPP represents the term of the offering period of each option.  The risk-free rate is based upon the estimated life and is based on the U.S. Treasury yield curve in effect at the time of grant.  Expected volatility is based on a blended rate of the implied volatilities from traded options and historical volatility on the Company’s stock.

The weighted-average estimated per share fair value of shares purchased under the 2014 ESPP and 1999 ESPP in fiscal years 2016, 2015 and 2014, was $0.92, $0.90 and $1.64, respectively.

 

 

 

Stock Option Plan

 

 

Employee Stock Purchase Plan

 

 

 

Year Ended

 

 

Year Ended

 

 

 

June 30,

2016

 

 

June 30,

2015

 

 

June 30,

2014

 

 

June 30,

2016

 

 

June 30,

2015

 

 

June 30,

2014

 

Expected life

 

4.0 years

 

 

4.23 years

 

 

4.40 years

 

 

1.21 years

 

 

0.66 years

 

 

0.25 years

 

Risk-free interest rate

 

 

1.78

%

 

 

1.17

%

 

 

1.24

%

 

 

0.33

%

 

 

0.10

%

 

 

0.08

%

Volatility

 

 

52

%

 

 

50

%

 

 

56

%

 

 

58

%

 

 

59

%

 

 

58

%

Dividend yield

 

 

—

%

 

 

—

%

 

 

—

%

 

 

—

%

 

 

—

%

 

 

—

%