Share-based Compensation (Tables)

9 Months Ended

Mar. 31, 2018

Share Based Compensation [Abstract]

Shares Reserved for Issuance

The Company had reserved for issuance for the periods noted (in thousands):

	March 31, 2018		June 30, 2017
2014 Employee Stock Purchase Plan		5,365		7,785
Employee stock options and awards outstanding		10,405		9,726
2013 Equity Incentive Plan shares available for grant		11,944		7,629
Total shares reserved for issuance		27,714		25,140

Schedule of Recognized Share-based Compensation Expense

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

	Three Months Ended				Nine Months Ended
	March 31, 2018		March 31, 2017		March 31, 2018		March 31, 2017
Cost of product revenue	$	163	$	73	$	389	$	262
Cost of service revenue		354		56		783		475
Research and development		2,367		625		5,247		2,593
Sales and marketing		2,735		809		7,077		3,129
General and administrative		2,199		911		6,150		2,869
Total share-based compensation expense	$	7,818	$	2,474	$	19,646	$	9,328

Summary of Stock Award Activity

The following table summarizes stock award activity for the nine months ended March 31, 2018 (in thousands, except grant date fair value):

	Number of Shares			Weighted- Average Grant Date Fair Value		Aggregate Fair Market Value
Non-vested stock awards outstanding at June 30, 2017		6,664		$	4.66	$	61,440
Granted		4,335			11.26
Vested		(2,488	)		3.75
Cancelled		(374	)		7.23
Non-vested stock awards outstanding at March 31, 2018		8,137		$	8.34	$	90,084

Summary of Stock Option Activity

The following table summarizes stock option activity for the nine months ended March 31, 2018 (in thousands, except per share and contractual term):

	Number of Shares			Weighted-Average Exercise Price Per Share		Weighted-Average Remaining Contractual Term (years)		Aggregate Intrinsic Value
Options outstanding at June 30, 2017		3,062		$	4.06		4.19	$	15,868
Exercised		(779	)		4.56
Cancelled		(15	)		4.25
Options outstanding at March 31, 2018		2,268		$	3.89		3.11	$	16,283
Vested and expected to vest at March 31, 2018		2,268		$	3.89		3.11	$	16,283
Exercisable at March 31, 2018		1,961		$	4.10		2.95	$	13,670

Schedule of Fair Value Assumptions for Stock Options and Employee Stock Purchase Plan Awards

The following assumptions were used to calculate the fair value of shares granted under the ESPP during the following periods:

	Three Months Ended						Nine Months Ended
	March 31, 2018			March 31, 2017			March 31, 2018			March 31, 2017
Expected life	0.5 years			0.5 years			0.5 years			0.5 years
Risk-free interest rate		1.15	%		0.40	%	1.64%–1.15%				0.40	%
Volatility		42	%		37	%		42	%	40%–37%
Dividend yield		—	%		—	%		—	%		—	%