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Stock-Based Compensation (Tables)
3 Months Ended
Sep. 30, 2013
Stock-Based Compensation  
Weighted Average Assumptions

 

 

Three Months Ended

 

 

 

September 30,

 

 

 

2013

 

2012

 

Risk-free interest rate

 

1.3

%

0.6

%

Expected dividend yield

 

0.0

%

0.0

%

Expected life (in years)

 

4.6

 

4.9

 

Expected volatility factor

 

39.4

%

48.9

%

Stock-based Compensation Expense

 

 

Three Months Ended

 

 

 

September 30,

 

 

 

2013

 

2012

 

 

 

(Dollars in Thousands)

 

Recorded as expenses:

 

 

 

 

 

Cost of services and other

 

$

301

 

$

343

 

Selling and marketing

 

1,111

 

977

 

Research and development

 

856

 

741

 

General and administrative

 

2,119

 

2,254

 

Total stock-based compensation

 

$

4,387

 

$

4,315

 

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, 2013

 

1,852,118

 

$

14.68

 

 

 

 

 

1,030,839

 

$

17.69

 

Granted

 

333,986

 

32.54

 

 

 

 

 

393,366

 

32.54

 

Settled (RSUs)

 

 

 

 

 

 

 

(217,529

)

17.21

 

Exercised

 

(273,351

)

10.73

 

 

 

 

 

 

 

Cancelled / Forfeited

 

(17,508

)

19.07

 

 

 

 

 

(17,984

)

20.29

 

Outstanding at September 30, 2013

 

1,895,245

 

$

18.35

 

7.34

 

$

30,698

 

1,188,692

 

$

22.65

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and exercisable at September 30, 2013

 

854,284

 

$

13.85

 

5.99

 

$

17,688

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest as of September 30, 2013

 

1,589,347

 

$

17.91

 

7.14

 

$

26,443

 

839,132

 

$

23.30