Rendering
| Component: (Network and Table) |
|---|
| Network | 100270 - Disclosure - Share-based Compensation Plans (Tables) (http://www.agtc.com/20160630/taxonomy/role/DisclosureShareBasedCompensationPlansTables) |
| Table | (Implied) |
Slicers (applies to each fact value in each table cell)
| Reporting Entity [Axis] | 0001273636 (http://www.sec.gov/CIK) |
| Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | Period [Axis] |
|---|
2015-07-01 - 2016-06-30 |
|---|
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |
Summary of Stock Option Activity |
A summary of the stock option activity is as follows:
|
|
|
For the years ended June 30, |
|
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
(In thousands, except per share amounts) |
|
Shares |
|
|
Weighted
Average
Exercise
Price |
|
|
Shares |
|
|
Weighted
Average
Exercise
Price |
|
|
Shares |
|
|
Weighted
Average
Exercise
Price |
|
|
Outstanding, beginning of year |
|
|
1,484 |
|
|
$ |
11.83 |
|
|
|
1,024 |
|
|
$ |
6.21 |
|
|
|
380 |
|
|
$ |
1.45 |
|
|
Granted |
|
|
675 |
|
|
|
17.08 |
|
|
|
615 |
|
|
|
19.58 |
|
|
|
715 |
|
|
|
8.45 |
|
|
Exercised |
|
|
(59 |
) |
|
|
4.77 |
|
|
|
(46 |
) |
|
|
3.24 |
|
|
|
(61 |
) |
|
|
3.24 |
|
|
Forfeited |
|
|
(57 |
) |
|
|
13.90 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expired |
|
|
(6 |
) |
|
|
15.50 |
|
|
|
(109 |
) |
|
|
6.43 |
|
|
|
(10 |
) |
|
|
3.50 |
|
|
Outstanding, end of year |
|
|
2,037 |
|
|
$ |
13.71 |
|
|
|
1,484 |
|
|
$ |
11.83 |
|
|
|
1,024 |
|
|
$ |
6.21 |
|
|
Exercisable, end of year |
|
|
872 |
|
|
|
|
|
|
|
424 |
|
|
|
|
|
|
|
200 |
|
|
|
|
|
|
Weighted average fair value of options granted during the year |
|
$ |
11.83 |
|
|
|
|
|
|
$ |
14.39 |
|
|
|
|
|
|
$ |
6.18 |
|
|
|
|
|
|
Summary of Stock Options Outstanding and Exercisable |
The following table summarizes information about stock options outstanding:
|
|
|
At June 30, |
|
|
(Number of options in thousands; remaining lives in years) |
|
2016 |
|
|
2015 |
|
|
|
|
|
|
|
|
Weighted |
|
|
|
|
|
|
Weighted |
|
|
|
|
|
|
|
|
Average |
|
|
|
|
|
|
Average |
|
|
|
|
Number of |
|
|
Contractual Life |
|
|
Number of |
|
|
Contractual Life |
|
|
Exercise Price |
|
Options |
|
|
Remaining |
|
|
Options |
|
|
Remaining |
|
|
$0.35 to $4.90 |
|
|
509 |
|
|
|
6.48 |
|
|
|
581 |
|
|
|
7.07 |
|
|
$12.00 to $15.90 |
|
|
412 |
|
|
|
8.35 |
|
|
|
288 |
|
|
|
8.72 |
|
|
$16.00 to $19.87 |
|
|
940 |
|
|
|
8.89 |
|
|
|
436 |
|
|
|
9.50 |
|
|
$20.00 to $24.62 |
|
|
176 |
|
|
|
8.58 |
|
|
|
179 |
|
|
|
9.58 |
|
|
|
|
|
2,037 |
|
|
|
|
|
|
|
1,484 |
|
|
|
|
|
The following table summarizes information about stock options exercisable:
|
|
|
At June 30, |
|
|
|
|
2016 |
|
|
2015 |
|
|
|
|
Number of Options |
|
|
Exercise Price |
|
(in thousands) |
|
|
$0.35 to $4.90 |
|
|
396 |
|
|
|
333 |
|
|
$12.00 to $15.90 |
|
|
160 |
|
|
|
91 |
|
|
$16.00 to $19.87 |
|
|
239 |
|
|
— |
|
|
$20.00 to $24.62 |
|
|
77 |
|
|
— |
|
|
|
|
|
872 |
|
|
|
424 |
|
|
Summary of Total Share-based Expense Associated with Stock Options and Restricted Shares |
Total share-based expense associated with stock options and restricted shares of common stock was allocated as follows:
|
|
For the fiscal years ended June 30, |
|
|
(In thousands) |
2016 |
|
|
2015 |
|
|
2014 |
|
|
General and administrative |
$ |
2,860 |
|
|
$ |
1,912 |
|
|
$ |
748 |
|
|
Research and development |
|
2,147 |
|
|
|
908 |
|
|
|
77 |
|
|
|
$ |
5,007 |
|
|
$ |
2,820 |
|
|
$ |
825 |
|
|
Stock Option Pricing Model Assumption |
The following assumptions were made in estimating fair value:
|
|
Fiscal Years Ended June 30, |
|
|
Assumption |
2016 |
|
|
2015 |
|
|
2014 |
|
|
Dividend yield |
|
0.00 |
% |
|
|
0.00 |
% |
|
|
0.00 |
% |
|
Expected term |
6.00 to 6.25 years |
|
|
6.00 to 10.00 years |
|
|
6.00 to 10.00 years |
|
|
Risk-free interest rate |
1.41% to 1.86% |
|
|
1.49% to 2.58% |
|
|
2.04% to 2.31% |
|
|
Expected volatility |
|
78.85 |
% |
|
|
85.68 |
% |
|
|
85.00 |
% |
|