Employee Benefit Plans (Tables)

6 Months Ended

Dec. 31, 2022

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):

	December 31, 2022		June 30, 2022
2013 Equity Incentive Plan shares available for grant		9,764		11,430
Employee stock options and awards outstanding		10,830		7,616
2014 Employee Stock Purchase Plan		9,280		9,961
Total shares reserved for issuance		29,874		29,007

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				Six Months Ended
	December 31, 2022		December 31, 2021		December 31, 2022		December 31, 2021
Cost of product revenues	$	499	$	303	$	873	$	613
Cost of service and subscription revenues		966		351		1,638		713
Research and development		3,962		2,664		7,052		5,122
Sales and marketing		5,910		3,860		10,549		7,435
General and administrative		6,059		4,155		11,073		7,894
Total share-based compensation expense	$	17,396	$	11,333	$	31,185	$	21,777

Summary of Stock Option Activity

The following table summarizes stock option activity for the six months ended December 31, 2022 (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, 2022		1,187	$	6.56		3.70	$	2,801
Granted		—		—
Exercised		—		—
Canceled		—		—
Options outstanding at December 31, 2022		1,187	$	6.56		3.20	$	13,948
Vested and expected to vest at December 31, 2022		1,187	$	6.56		3.20	$	13,948
Exercisable at December 31, 2022		1,068	$	6.55		3.14	$	12,562

Summary of Stock Award Activity

The following table summarizes stock award activity for the six months ended December 31, 2022 (in thousands, except grant date fair value):

	Number of Shares			Weighted- Average Grant Date Fair Value		Aggregate Fair Value
Non-vested stock awards outstanding at June 30, 2022		6,429		$	9.57
Granted		6,186			14.50
Released		(2,731	)		8.30
Canceled		(241	)		11.31
Non-vested stock awards outstanding at December 31, 2022		9,643		$	13.05	$	176,564
Stock awards expected to vest at December 31, 2022		9,643		$	13.05	$	176,564

Schedule of Awards Performance Thresholds and Shares Expected to Vest (TSR PSUs)

The MSU award represents the right to receive a target number of shares of common stock of up to 150% of the original grant, as indicated in the table below. The MSUs vest based on the Company’s TSR relative to the TSR of the Index over performance periods of three years from the grant date, 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
	December 31, 2022			December 31, 2021
Expected life	0.5 years			0.5 years
Risk-free interest rate		3.12	%		0.05	%
Volatility		60	%		52	%
Dividend yield		—	%		—	%