Stockholders' Equity (Tables)
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6 Months Ended |
Dec. 31, 2023 |
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| Equity [Abstract] |
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| Summary of Stock Option Activity |
The following table summarizes stock option activity:
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Options |
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Weighted-Average Exercise Price Per Share |
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Aggregate
Intrinsic Value
(in thousands) |
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Weighted-Average Grant Date Fair Value Per Award |
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Fiscal 2023 |
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Outstanding at June 30, 2022 |
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1,779,460 |
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$ |
7.84 |
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(1) |
$ |
43,433 |
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$ |
3.51 |
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Exercises |
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(208,670 |
) |
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$ |
5.44 |
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$ |
5,112 |
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$ |
3.11 |
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Outstanding at December 31, 2022 |
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1,570,790 |
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$ |
7.03 |
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$ |
43,511 |
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$ |
3.56 |
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Exercisable at December 31, 2022 |
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1,039,301 |
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$ |
5.98 |
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$ |
29,855 |
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$ |
2.90 |
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Fiscal 2024 |
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Outstanding at June 30, 2023 |
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1,446,260 |
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$ |
7.11 |
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$ |
43,882 |
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$ |
3.58 |
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Exercises |
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(178,128 |
) |
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$ |
5.95 |
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$ |
5,056 |
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$ |
3.58 |
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Outstanding at December 31, 2023 |
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1,268,132 |
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$ |
7.27 |
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$ |
29,234 |
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$ |
3.58 |
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Exercisable at December 31, 2023 |
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1,097,464 |
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$ |
5.43 |
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$ |
27,244 |
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$ |
2.77 |
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(1) On September 9, 2022 a required adjustment to the outstanding options was triggered as a result of the non-recurring special divided that lowered the exercise strike price by $1.00.
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| Summary of Information about Stock Option Outstanding and Exercisable |
The following table summarizes information about stock options:
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Exercise Price Ranges |
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Options Outstanding |
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Options Exercisable |
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From |
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To |
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Number of
Underlying
Shares |
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Weighted-Average Remaining Contractual Life
(Years) |
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Weighted-Average Exercise Price |
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Number of
Underlying
Shares |
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Weighted-Average Remaining Contractual Life
(Years) |
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Weighted-Average Exercise Price |
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$ |
— |
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$ |
5.00 |
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584,862 |
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5.66 |
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$ |
1.99 |
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584,862 |
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5.66 |
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$ |
1.99 |
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$ |
5.01 |
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$ |
7.50 |
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44,600 |
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2.37 |
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$ |
6.37 |
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44,600 |
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2.37 |
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$ |
6.37 |
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$ |
7.51 |
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$ |
12.50 |
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416,668 |
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2.32 |
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$ |
8.85 |
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416,668 |
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2.32 |
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$ |
8.85 |
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$ |
12.51 |
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$ |
30.00 |
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212,002 |
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6.91 |
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$ |
17.40 |
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51,334 |
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5.93 |
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$ |
15.94 |
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$ |
30.01 |
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$ |
50.00 |
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10,000 |
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9.10 |
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$ |
39.69 |
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— |
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— |
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$ |
— |
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1,268,132 |
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4.68 |
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$ |
7.27 |
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1,097,464 |
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4.27 |
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$ |
5.43 |
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| Summary of Nonvested Stock Option Activity |
The following table summarizes nonvested stock option activity:
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Options |
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Weighted-Average Grant Date Fair Value Per Award |
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Nonvested outstanding at June 30, 2023 |
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270,669 |
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$ |
8.14 |
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Vested |
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(100,001 |
) |
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$ |
7.04 |
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Nonvested outstanding at December 31, 2023 |
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170,668 |
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$ |
8.78 |
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| Summary of Restricted Stock Unit Activity |
The following table summarizes RSU activity:
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Awards
Outstanding |
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Weighted-Average Fair Value per Unit at Grant Date |
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Fiscal 2023 |
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Nonvested outstanding at June 30, 2022 |
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56,093 |
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$ |
32.58 |
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Granted |
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16,398 |
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$ |
29.27 |
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Vested & deferred (1) |
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(13,416 |
) |
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$ |
35.76 |
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Nonvested outstanding at December 31, 2022 |
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59,075 |
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$ |
30.94 |
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Vested but subject to deferred settlement at December 31, 2022 (1) |
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29,314 |
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$ |
24.55 |
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Outstanding at December 31, 2022 |
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88,389 |
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$ |
28.82 |
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Fiscal 2024 |
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Nonvested outstanding at June 30, 2023 (2) |
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63,587 |
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$ |
32.37 |
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Granted |
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18,891 |
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$ |
25.41 |
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Vested & delivered |
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(10,481 |
) |
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$ |
30.53 |
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Vested & deferred (1) |
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(12,486 |
) |
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$ |
28.83 |
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Nonvested outstanding at December 31, 2023 (2) |
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59,511 |
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$ |
31.23 |
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Vested but subject to deferred settlement at December 31, 2023 (1) |
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41,856 |
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$ |
25.80 |
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Outstanding at December 31, 2023 (2) |
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101,367 |
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$ |
28.99 |
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(1) Certain RSU holders elected to defer settlement of the RSUs to a specified date. The DSU holder is contractually obligated to defer settlement of the DSUs to a specified date following the holder’s termination of service.
(2) Includes 9,397 RSUs that vest based on continuous employment and achievement of non-market performance goals through June 30, 2024, 2025, and 2026.
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