v3.20.1
Stock-based compensation (Tables)
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9 Months Ended |
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Share-based Payment Arrangement [Abstract] |
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Stock option activity |
A summary of our stock option activity is as follows (in thousands except per share and contractual life amounts): | | | | | | | | | | | | | | | | |
Number of Shares | | Weighted Average Exercise Price | | Weighted Average Remaining Contractual Life (years) | | Aggregate Intrinsic Value | | | 3,409 |
| | $ | 6.49 |
| | | | | Granted | | 55 |
| | 4.92 |
| | | | | Exercised | | (1,343 | ) | | 6.27 |
| | | | | Canceled or expired | | (402 | ) | | 6.58 |
| | | | | | | 1,719 |
| | $ | 6.60 |
| | 5.25 | | $ | — |
| | | | | | | | | | Options vested and expected to vest | | 1,695 |
| | $ | 6.62 |
| | 5.21 | | $ | — |
| Options exercisable | | 1,442 |
| | $ | 6.86 |
| | 4.76 | | $ | — |
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Restricted stock units award activity |
A summary of our restricted stock unit, or RSU, activity is as follows (in thousands except contractual life amounts): | | | | | | | | | | | | | Number of Shares | | Weighted Average Remaining Contractual Life (years) | | Aggregate Intrinsic Value | | | 2,637 |
| | | | | Granted | | 1,584 |
| | | | | Vested | | (991 | ) | | | | | Canceled | | (629 | ) | | | | | | | 2,601 |
| | 1.58 | | $ | 11,237 |
| | | | | | | | RSUs expected to vest | | 2,232 |
| | 1.47 | | $ | 9,643 |
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Summary of shares available for grant activity |
A summary of our shares available for grant activity is as follows (in thousands): | | | | | | | Number of Shares | | | 4,472 |
| Annual share increase authorized under 2009 Plan | | 1,667 |
| Granted | | (1,681 | ) | RSUs withheld for taxes in net share settlements | | 251 |
| Canceled | | 633 |
| Expired under 2009 and 2011 Plans | | (5,342 | ) | | | — |
| | | 5,700 |
| Shares added from 5,800,000 reserved share pool available(1) | | 483 |
| Granted | | (1,019 | ) | | | 5,164 |
| (1) Additional shares are available up to a maximum of 5,800,000 shares only to the extent shares subject to grants under the 2009 Plan were outstanding as of November 20, 2019 but later expire or otherwise terminate without having been exercised in full. |
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Stock-based compensation expense |
The following table summarizes the stock-based compensation expense for continuing operations recorded for stock options, RSUs, including performance-based RSUs, and ESPP purchase rights (in thousands): | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | | 2020 | | 2019 | | 2020 | | 2019 | Stock option awards | | $ | 156 |
| | $ | 378 |
| | $ | 690 |
| | $ | 1,211 |
| RSU awards | | 1,672 |
| | 1,310 |
| | 4,368 |
| | 4,400 |
| ESPP | | 131 |
| | — |
| | 131 |
| | — |
| Total stock-based compensation expense | | $ | 1,959 |
| | $ | 1,688 |
| | $ | 5,189 |
| | $ | 5,611 |
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Assumptions used to estimate weighted average fair value of options |
The weighted average assumptions used to value stock option awards granted and the resulting weighted average grant date fair value per share were as follows: | | | | | | | | | | | | | | | 2020 | | 2019 | Expected volatility | | 48 | % | | 39 | % | Expected term (in years) | | 5.65 |
| | 6.87 |
| Risk-free interest rate | | 1.58 | % | | 2.99 | % | Dividend yield | | — | % | | — | % | Weighted average grant date fair value per share | | $ | 2.27 |
| | $ | 2.32 |
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Weighted average assumptions used to value ESPP purchase rights |
The weighted average assumptions used to value ESPP purchase rights during the initial offering period beginning March 1, 2020 were as follows:
| | | | | Expected volatility | | 93 | % | Expected term (in years) | | 0.75 |
| Risk-free interest rate | | 0.92 | % | Dividend yield | | — | % |
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- DefinitionSchedule of Share-based Compensation, Shares Available for Grant, Activity [Table Text Block]
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- DefinitionTabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.
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- DefinitionTabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.
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- DefinitionTabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.
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- DefinitionTabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.
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- DefinitionTabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.
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