Stock-Based Compensation (Tables)

3 Months Ended

Sep. 30, 2019

Share-based Payment Arrangement [Abstract]

Schedule of weighted average assumptions

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

	Three Months Ended September 30,
	2019		2018
Risk-free interest rate	1.5	%	2.8	%
Expected dividend yield	0.0	%	0.0	%
Expected life (in years)	4.5		4.6
Expected volatility factor	26.8	%	26.6	%

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 months ended September 30, 2019 and 2018 are as follows:

	Three Months Ended September 30,
	2019		2018
	(Dollars in Thousands)
Recorded as expenses:
Cost of maintenance	$	398	$	146
Cost of services and other	543		319
Selling and marketing	1,547		1,331
Research and development	2,102		2,295
General and administrative	4,685		4,774
Total stock-based compensation	$	9,275	$	8,865

Schedule of stock option and RSU activity

A summary of stock option and restricted stock unit ("RSU") activity under all equity plans for the three months ended September 30, 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, 2019	1,304,017		$	60.33	6.94	$	83,388	793,718		$	98.38
Granted	292,790		133.15					247,823		133.15
Settled (RSUs)	—							(85,033	)	90.72
Exercised	(17,783	)	52.58					—
Cancelled / Forfeited	(4,836	)	73.94					(63,619	)	91.58
Outstanding at September 30, 2019	1,574,188		$	73.92	7.11	$	80,332	892,889		$	108.12
Vested and exercisable at September 30, 2019	907,522		$	52.41	5.79	$	64,385	—
Vested and expected to vest as of September 30, 2019	1,460,388		$	73.73	7.28	$	74,736	842,490		$	108.31