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Share-Based Compensation (Tables)
12 Months Ended
Jun. 30, 2011
Share-Based Compensation  
Non-Cash Share-Based Compensation Expense

 

Fiscal Year Ended June 30,

(in thousands, except per share data)

2011

2010

2009

Selling, general and administrative

$ 11,747

$ 11,717

$  12,857

Research and development

596

511

792

Cost of sales

105

137

251

Total non-cash share-based compensation expense

12,448

12,365

13,900

Income tax benefit

(4,426)

(4,283)

(4,100)

Total non-cash share-based compensation expense, net of tax benefit

$   8,022

$   8,082

$ 9,800

Impact on diluted net income per share attributable to MICROS Systems, Inc. common shareholders

$     0.10

$     0.10

$     0.12

Estimates Of Fair Values Of Options Granted Assumptions

 

Fiscal Year Ended June 30,

 

2011

2010

2009

Weighted-average expected volatility

41%

42%

39%

Expected volatility

39% - 41%

41% - 42%

35% - 42%

Expected term

4.9– 5.5 years

5.0– 5.2 years

4.9– 5.3 years

Expected dividend yield

0%

0%

0%

Risk-free interest rate

1.4% - 1.9%

1.7% - 2.0%

1.7% - 2.8%

Summary Of Option Activity

(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, 2010

6,574

$24.06

6.8

$   51,353

    Granted

1,231

$45.35

 

 

    Exercised

(1,471)

$19.11

 

 

    Forfeited or expired

(56)

$22.75

 

 

Outstanding at June 30, 2011

6,278

$29.40

6.9

$127,482

 

 

 

 

 

Exercisable at June 30, 2011

4,285

$26.15

5.9

$100,944