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Stock-Based Compensation (Tables)
9 Months Ended
Mar. 31, 2013
Stock-Based Compensation  
Weighted Average Assumptions

 

 

 

 

Nine Months Ended

 

 

 

March 31,

 

 

 

2013

 

2012

 

Risk-free interest rate

 

0.6

%

1.2

%

Expected dividend yield

 

0.0

%

0.0

%

Expected life (in years)

 

4.8

 

4.6

 

Expected volatility factor

 

48.9

%

49.7

%

Stock-based Compensation Expense

The stock-based compensation expense and its classification in the unaudited consolidated statements of operations for the three and nine months ended March 31, 2013 and 2012 are as follows (dollars in thousands):

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

March 31,

 

March 31,

 

 

 

2013

 

2012

 

2013

 

2012

 

Recorded as expenses:

 

 

 

 

 

 

 

 

 

Cost of services and other

 

$

325

 

$

280

 

$

984

 

$

897

 

Selling and marketing

 

994

 

1,103

 

2,943

 

3,502

 

Research and development

 

770

 

319

 

2,253

 

1,020

 

General and administrative

 

1,438

 

1,123

 

5,115

 

4,185

 

Total stock-based compensation

 

$

3,527

 

$

2,825

 

$

11,295

 

$

9,604

 

Stock Options and RSU Activity

 

 

 

 

Stock Options

 

Restricted Stock Units

 

 

 

Shares

 

Weighted
Average
Exercise
Price

 

Weighted
Average
Remaining
Contractual
Term

 

Aggregate
Intrinsic Value
(in 000’s)

 

Shares

 

Weighted
Average
Grant Date
Fair Value

 

Outstanding at June 30, 2012

 

4,180,265

 

$

9.03

 

 

 

$

59,034

 

1,327,071

 

$

12.73

 

Granted

 

498,264

 

23.40

 

 

 

 

 

588,148

 

23.40

 

Settled (RSUs)

 

 

 

 

 

 

 

(632,846

)

13.96

 

Exercised

 

(2,232,816

)

6.91

 

 

 

 

 

 

 

Cancelled / Forfeited

 

(59,747

)

11.91

 

 

 

 

 

(51,162

)

14.84

 

Outstanding at March 31, 2013

 

2,385,966

 

$

13.94

 

6.73

 

$

43,785

 

1,231,211

 

$

17.10

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and exercisable at March 31, 2013

 

1,363,553

 

$

11.40

 

5.56

 

$

28,482

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest as of March 31, 2013

 

2,230,224

 

$

13.71

 

6.61

 

$

41,448

 

1,077,657

 

$

17.07