Share-Based Compensation (Tables)

12 Months Ended

Jun. 30, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Non-Cash Share-Based Compensation Expense

The non-cash share-based compensation expenses included in the consolidated statements of operations are as follows:

	Fiscal Year Ended June 30,
(in thousands, except per share data)	2014			2013			2012
Selling, general and administrative	$	19,652		$	19,124		$	15,067
Research and development	2,031			1,640			1,239
Cost of sales	374			338			195
Total non-cash share-based compensation expense	22,057			21,102			16,501
Income tax benefit	(6,912		)	(6,721		)	(5,163		)
Total non-cash share-based compensation expense, net of tax benefit	$	15,145		$	14,381		$	11,338
Impact on diluted net income per share attributable to MICROS Systems, Inc. common shareholders	$	0.20		$	0.18		$	0.14

Estimates Of Fair Values Of Options Granted Assumptions

Estimates of fair values of options granted were made on the date of grant using the following assumptions:

	Fiscal Year Ended June 30,
	2014		2013		2012
Weighted-average expected volatility	36	%	40	%	40	%
Expected volatility	33% - 38%		39% - 40%		39% - 41%
Expected term	5.4 – 5.8 years		5.4 – 5.8 years		4.8 – 5.7 years
Expected dividend yield	0	%	0	%	0	%
Risk-free interest rate	1.5% - 1.8%		0.7% - 1.1%		0.9% - 1.1%

Summary Of Option Activity

The following is a summary of option activity during fiscal year 2014:

(in thousands, except per share data and number of years)	Number of Shares		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Outstanding at June 30, 2013	7,792		$	37.21	5.8	$	46,317
Granted	1,444		$	53.25
Exercised	(2,310	)	$	32.05
Forfeited or expired	(160	)	$	49.45
Outstanding at June 30, 2014	6,766		$	42.07	6.8	$	174,779
Exercisable at June 30, 2014	4,163		$	37.23	5.4	$	127,686