Employee Benefit Plans (Tables)

3 Months Ended

Sep. 30, 2020

Share Based Compensation [Abstract]

Common Stock Reserved for Future Issuance

The Company had the following reserved shares of common stock for future issuance as of the dates noted (in thousands):

	September 30, 2020		June 30, 2020
2013 Equity Incentive Plan shares available for grant		6,431		13,118
Employee stock options and awards outstanding		13,549		10,396
2014 Employee Stock Purchase Plan		5,913		7,364
Total shares reserved for issuance		25,893		30,878

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
	September 30, 2020		September 30, 2019
Cost of product revenues	$	258	$	250
Cost of service and subscription revenues		372		347
Research and development		2,272		2,435
Sales and marketing		2,647		3,719
General and administrative		2,753		2,083
Total share-based compensation expense	$	8,302	$	8,834

Summary of Stock Option Activity

The following table summarizes stock option activity for the three months ended September 30, 2020 (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, 2020		2,922		$	4.95		3.09	$	1,688
Granted		—			—
Exercised		(15	)		4.18
Cancelled		(81	)		5.29
Options outstanding at September 30, 2020		2,826		$	4.95		2.94	$	1,384
Vested and expected to vest at September 30, 2020		2,826		$	4.95		2.94	$	1,384
Exercisable at September 30, 2020		1,745		$	3.97		1.44	$	1,384

Summary of Stock Award Activity

The following table summarizes stock award activity for the three months ended September 30, 2020 (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, 2020		7,474		$	6.83
Granted		5,306			4.71
Released		(1,453	)		7.35
Cancelled		(604	)		9.61
Non-vested stock awards outstanding at September 30, 2020		10,723		$	5.55	$	43,108
Vested and expected to vest at September 30, 2020		10,409		$	5.52	$	41,843

Schedule of PSUs Earned and Vested Based on Total Stockholder Return (TSR PSUs)

The MSU award represents the right to receive a target number of shares of common stock up to 150% of the original grant. The MSUs vest based on the Company’s TSR relative to the TSR of the Index over performance periods from August 15, 2020 through August 15, 2023, subject to the grantees’ continued service through the certification of performance.

Level	Relative TSR	Shares Vested
Below Threshold	TSR is less than the Index by more than 37.5 percentage points	0%
Threshold	TSR is less than the Index by 37.5 percentage points	25%
Target	TSR equals the Index	100%
Maximum	TSR is greater than the Index by 25 percentage points or more	150%

Schedule of Fair Value Assumptions for Employee Stock Purchase Plan Awards

The following assumptions were used to determine the grant-date fair values of the ESPP shares during the following periods:

	Employee Stock Purchase Plan
	Three Months Ended
	September 30, 2020			September 30, 2019
Expected life	0.5 years			0.5 years
Risk-free interest rate		0.12	%		1.85	%
Volatility		119	%		43	%
Dividend yield		—	%		—	%