Share-based Compensation (Tables)

3 Months Ended

Sep. 30, 2014

Share-based Compensation

Schedule of weighted average assumptions used to estimate fair values of the stock options granted and the estimated annual forfeiture rates used to recognize the associated compensation expense

	September 30, 2014		September 30, 2013
Risk-free interest rate	1.7	%	2.1	%
Expected volatility	52.1	%	62.9	%
Expected dividend yield	0.0	%	0.0	%
Forfeiture rate	6.5	%	7.5	%
Expected term (in years)	5.5 years		5.9 years
Weighted average fair value	$ 16.82		$ 8.09

Summary of stock option award activity

							Weighted
			Weighted-				Average
			Average		Aggregate		Remaining
			Exercise		Intrinsic		Contractual
(In thousands, except for weighted average price and life data)	Awards		Price		Value		Life (yrs.)
Outstanding at July 1, 2014	2,205		$	7.84
Granted	432		$	34.79
Exercised	(67	)	$	7.59	$	2,120
Forfeited, expired or repurchased	(1	)	$	16.19
Outstanding at September 30, 2014	2,569		$	12.38	$	85,565	7.6
Vested and expected to vest at September 30, 2014	2,451		$	11.93	$	82,704	7.5
Exercisable at September 30, 2014	1,277		$	6.36	$	50,208	6.1

Summary of nonvested restricted stock awards

(In thousands, except for weighted average price data)	Awards		Weighted Average Grant - date Fair Value		Aggregate Intrinsic Value
Non-vested at July 1, 2014	15		34.66
Granted	98		36.77
Vested	(9	)	36.77		$	345
Forfeited	(1	)	36.77
Non-vested at September 30, 2014	103		$	36.47

Schedule of allocation of share-based compensation costs recognized in the Consolidated Statements of Operations by financial statement line item

	Three Months Ended September 30,
(In thousands)	2014		2013
Selling, general and administrative	$	1,359	$	809
Research and development	120		38
Cost of sales	168		50
Total	$	1,647	$	897
Tax benefit at statutory rate	$	570	$	102