Stock-Based Compensation (Tables)

9 Months Ended

Mar. 31, 2019

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

Schedule of weighted average assumptions

We utilized the Black-Scholes option valuation model with the following weighted average assumptions:

	Nine Months Ended March 31,
	2019		2018
Risk-free interest rate	2.8	%	1.7	%
Expected dividend yield	0.0	%	0.0	%
Expected life (in years)	4.6		4.6
Expected volatility factor	26.6	%	28.0	%

Schedule of stock-based compensation expense

The stock-based compensation expense under all equity plans and its classification in the unaudited consolidated statements of operations for the three and nine months ended March 31, 2019 and 2018 are as follows:

	Three Months Ended March 31,				Nine Months Ended March 31,
	2019		2018		2019		2018
	(Dollars in Thousands)
Recorded as expenses:
Cost of maintenance	$	379	$	—	$	916	$	—
Cost of services and other	366		345		1,038		1,119
Selling and marketing	1,228		979		3,687		2,870
Research and development	1,518		1,892		5,451		5,679
General and administrative	2,763		2,137		10,362		7,554
Total stock-based compensation	$	6,254	$	5,353	$	21,454	$	17,222

Schedule of stock option and RSU activity

A summary of stock option and restricted stock unit ("RSU") activity under all equity plans for the nine months ended March 31, 2019 is as follows:

	Stock Options							Restricted Stock Units
	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (in 000’s)		Shares		Weighted Average Grant Date Fair Value
Outstanding at June 30, 2018	1,369,442		$	45.93	7.23	$	64,103	621,700		$	53.64
Granted	278,454		113.94					635,959		114.66
Settled (RSUs)	—							(326,903	)	59.94
Exercised	(145,214	)	40.75					—
Cancelled / Forfeited	(83,607	)	67.38					(71,152	)	67.45
Outstanding at March 31, 2019	1,419,075		$	58.54	7.02	$	67,607	859,604		$	95.25
Vested and exercisable at March 31, 2019	876,403		$	46.06	6.06	$	51,599	—
Vested and expected to vest as of March 31, 2019	1,356,714		$	57.71	6.95	$	65,668	807,825		$	96.33