Employee Benefit Plans (Tables)

3 Months Ended

Sep. 30, 2019

Share Based Compensation [Abstract]

Shares Reserved for Issuance

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

	September 30, 2019		June 30, 2019
2013 Equity Incentive Plan shares available for grant		3,336		8,462
Employee stock options and awards outstanding		14,566		10,455
2014 Employee Stock Purchase Plan		8,862		10,085
Total shares reserved for issuance		26,764		29,002

Schedule of Recognized Share-based Compensation Expense

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
	September 30, 2019		September 30, 2018
Cost of product revenue	$	250	$	178
Cost of service revenue		347		345
Research and development		2,435		2,342
Sales and marketing		3,719		2,359
General and administrative		2,083		1,601
Total share-based compensation expense	$	8,834	$	6,825

Summary of Stock Award Activity

The following table summarizes stock award activity for the three months ended September 30, 2019 (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, 2019		7,736		$	7.67
Granted		5,485			6.83
Released		(1,486	)		6.82
Cancelled		(387	)		6.99
Non-vested stock awards outstanding at September 30, 2019		11,348		$	7.43	$	82,614
Vested and expected to vest at September 30, 2019		10,785		$	7.33	$	78,512

Summary of Stock Option Activity

The following table summarizes stock option activity for the three months ended September 30, 2019 (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, 2019		2,719		$	4.61		3.26	$	5,070
Granted		637			6.70
Exercised		(119	)		4.23
Cancelled		(19	)		5.02
Options outstanding at September 30, 2019		3,218		$	5.03		3.86	$	7,235
Vested and expected to vest at September 30, 2019		3,218		$	5.03		3.85	$	7,235
Exercisable at September 30, 2019		1,801		$	3.85		1.88	$	6,179

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:

	Employee Stock Purchase Plan
	Three Months Ended
	September 30, 2019			September 30, 2018
Expected life	0.5 years			0.5 years
Risk-free interest rate		1.85	%		2.20	%
Volatility		43	%		63	%
Dividend yield		—	%		—	%