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| Share-Based Payment Arrangement [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SHARE-BASED COMPENSATION | SHARE-BASED COMPENSATION Share-Based Compensation Plans The Company’s 2020 and 2010 Equity Incentive Plans are described in the Company’s Annual Report. As of March 31, 2025, the Company had 4,847,521 authorized shares available for future issuance under all of its stock incentive plans. Share-Based Compensation The following table shows total share-based compensation expense included in the consolidated statements of operations and comprehensive income for the three and nine months ended March 31, 2025 and 2024 (in thousands):
Stock Options There were no options exercised under the Company’s stock incentive plans during the three and nine months ended March 31, 2025 and 2024. As of March 31, 2025, the Company had no unrecognized compensation costs related to stock options, and the Company did not grant any employee stock options during the three and nine months ended March 31, 2025, and 2024. Restricted Stock Units (“RSUs”) The following table summarizes the activity of the RSUs made by the Company:
The intrinsic value of RSUs vested in the three months ended March 31, 2025 and 2024 was $6.9 million and $1.9 million, respectively. The intrinsic value of RSUs vested in the nine months ended March 31, 2025 and 2024 was $8.5 million and $3.3 million, respectively. The total intrinsic value of all outstanding RSUs was $31.9 million as of March 31, 2025. As of March 31, 2025, there were unrecognized compensation costs related to RSUs of $16.1 million which the Company expects to recognize over a weighted average period of 3.2 years.
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