XML 64 R38.htm IDEA: XBRL DOCUMENT v3.22.1
Stock-Based Compensation (Tables)
9 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
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, 2022 and 2021 were as follows:
Three Months Ended
March 31,
Nine Months Ended
March 31,
 2022202120222021
 (Dollars in Thousands)
Recorded as expenses:    
Cost of maintenance$150 $234 $505 $688 
Cost of services and other225 412 731 1,198 
Selling and marketing1,687 1,869 5,324 4,655 
Research and development1,702 2,273 5,434 6,515 
General and administrative3,993 4,437 13,719 11,533 
Total stock-based compensation$7,757 $9,225 $25,713 $24,589 
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, 2022 is as follows:
 Stock OptionsRestricted Stock Units
 SharesWeighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term
(Years)
Aggregate
Intrinsic Value
(in 000’s)
SharesWeighted
Average
Grant Date
Fair Value
Outstanding at June 30, 20211,285,221 $94.18 6.93$56,032 362,024 $128.66 
Granted274,777 130.29   393,769 135.79 
Settled (RSUs)—    (196,532)127.62 
Exercised (Stock options)(171,895)89.35   —  
Cancelled / Forfeited(37,721)128.78   (36,208)131.76 
Outstanding at March 31, 20221,350,382 $100.69 6.78$85,818 523,053 $134.52 
Vested and exercisable at March 31, 2022869,953 $84.81 5.72$70,087  
Vested and expected to vest as of March 31, 20221,262,415 $99.16 6.68$83,580 409,774 $134.27 
Schedule of weighted average assumptions
We utilized the Black-Scholes option valuation model with the following weighted average assumptions:
Nine Months Ended
March 31,
 20222021
Risk-free interest rate0.8 %0.4 %
Expected dividend yield0.0 %0.0 %
Expected life (in years)4.74.7
Expected volatility factor35.4 %34.1 %