Employee Benefit Plans (Tables)
|
12 Months Ended |
Jun. 30, 2026 |
|---|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| Common Stock Reserved for Future Issuance |
The Company had the following reserved shares of the Company's common stock for future issuance as of the dates noted (in thousands):
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June 30, 2026 |
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June 30, 2025 |
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2013 Equity Incentive Plan shares available for grant |
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13,970 |
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|
10,935 |
|
Employee stock options and awards outstanding |
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|
6,970 |
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|
7,566 |
|
2014 Employee Stock Purchase Plan |
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|
4,643 |
|
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|
5,952 |
|
Total shares reserved for issuance |
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|
25,583 |
|
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|
24,453 |
|
|
| Summary of Stock Option Activity |
The following table summarizes stock option activity under all plans for the year ended June 30, 2026 (in thousands except per share amount and contractual term):
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Number of Shares |
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Weighted-Average Exercise Price Per Share |
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Weighted-Average Remaining Contractual Term (years) |
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Aggregate Intrinsic Value |
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Options outstanding at June 30, 2025 |
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496 |
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|
$ |
6.70 |
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|
|
1.16 |
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$ |
5,580 |
|
Granted |
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— |
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— |
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Exercised |
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(421 |
) |
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6.70 |
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|
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Canceled |
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— |
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|
— |
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Options outstanding at June 30, 2026 |
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|
75 |
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|
$ |
6.70 |
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|
0.16 |
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|
$ |
1,914 |
|
Vested and expected to vest at June 30, 2026 |
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|
75 |
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|
$ |
6.70 |
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|
|
0.16 |
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|
$ |
1,914 |
|
Exercisable at June 30, 2026 |
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|
75 |
|
|
$ |
6.70 |
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|
0.16 |
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|
$ |
1,914 |
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| Summary of Stock Award Activity |
The following table summarizes stock award activity for the year ended June 30, 2026 (in thousands, except grant date fair value):
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Number of Shares |
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Weighted- Average Grant Date Fair Value |
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Aggregate Fair Value |
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Non-vested stock awards outstanding at June 30, 2025 |
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7,070 |
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$ |
19.53 |
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Granted |
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4,606 |
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|
20.62 |
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Released |
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(4,460 |
) |
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|
19.09 |
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Canceled |
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(321 |
) |
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|
18.47 |
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Non-vested stock awards outstanding at June 30, 2026 |
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|
6,895 |
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|
$ |
20.52 |
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$ |
141,504 |
|
Stock awards expected to vest at June 30, 2026 |
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|
6,895 |
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$ |
20.52 |
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$ |
141,504 |
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| Schedule of Awards Performance Thresholds and Shares Expected to Vest (TSR PSUs) |
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|
Level |
Relative TSR |
Shares Vested |
Below Threshold |
TSR is less than the Index by more than 37.5 percentage points |
0% |
Threshold |
TSR is less than the Index by 37.5 percentage points |
25% |
Target |
TSR equals the Index |
100% |
Maximum |
TSR is greater than the Index by 25 percentage points or more |
150% |
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| Summary of Stock Awards with Market or Performance Based Conditions Granted |
The following table summarizes stock awards with market or performance-based conditions granted and the number of awards that have satisfied the relevant market or performance criteria in each period (in thousands):
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Fiscal Year 2026 |
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Fiscal Year 2025 |
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|
Fiscal Year 2024 |
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Performance awards granted |
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|
780 |
|
|
|
1,037 |
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|
841 |
|
Performance awards earned |
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|
1,079 |
|
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|
899 |
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|
846 |
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| Schedule of Recognized Share-based Compensation Expense |
Share-based compensation expense recognized in the financial statements by line-item caption is as follows (in thousands):
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Year Ended |
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June 30, 2026 |
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|
June 30, 2025 |
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|
June 30, 2024 |
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Cost of product revenues |
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|
$ |
3,025 |
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|
$ |
2,661 |
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|
$ |
1,899 |
|
Cost of subscription and support revenues |
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|
2,900 |
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|
2,912 |
|
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|
2,994 |
|
Research and development |
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|
|
17,465 |
|
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|
17,154 |
|
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|
16,686 |
|
Sales and marketing |
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|
|
31,052 |
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|
28,393 |
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|
26,524 |
|
General and administrative |
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|
|
33,819 |
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|
31,194 |
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|
28,660 |
|
Total share-based compensation expense |
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|
$ |
88,261 |
|
|
$ |
82,314 |
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|
$ |
76,763 |
|
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| MSU Subject to TSR |
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
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| Schedule of Fair Value Assumptions for Employee Stock Purchase Plan Awards |
The following assumptions were used to determine the grant-date fair values of the TSR MSU during the following periods:
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Equity Incentive Plan (TSR MSU) |
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Year Ended |
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|
June 30, 2026 |
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|
June 30, 2025 |
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|
June 30, 2024 |
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Expected term |
|
3.0 years |
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|
3.0 years |
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|
3.0 years |
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|
Risk-free interest rate |
|
|
3.70 |
% |
|
|
3.89 |
% |
|
|
4.43 |
% |
|
Volatility |
|
|
45 |
% |
|
|
48 |
% |
|
|
50 |
% |
|
Dividend yield |
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|
— |
% |
|
|
— |
% |
|
|
— |
% |
|
|
| Employee Stock Purchase Plan |
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| Schedule of Fair Value Assumptions for Employee Stock Purchase Plan Awards |
The weighted-average estimated per share fair value of shares under the 2014 ESPP in fiscal years 2026, 2025 and 2024, was $4.88, $3.99 and $5.73, respectively.
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Employee Stock Purchase Plan |
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|
Year Ended |
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|
June 30, 2026 |
|
|
June 30, 2025 |
|
|
June 30, 2024 |
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|
Expected term |
|
|
0.5 years |
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|
0.5 years |
|
|
0.5 years |
|
|
Risk-free interest rate |
|
|
|
3.86 |
% |
|
|
4.73 |
% |
|
|
5.42 |
% |
|
Volatility |
|
|
|
46 |
% |
|
|
37 |
% |
|
|
47 |
% |
|
Dividend yield |
|
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|
— |
% |
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|
— |
% |
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|
— |
% |
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