Company: TEAM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001650372-25-000022
Chunk: 23

Company: Atlassian Corp
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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613 53,525 36,092 Amortization expense(10,296)(6,875)(28,819)(17,855)Balance, end of period$104,417 $71,841 $104,417 $71,841 Deferred contract acquisition costs included in:Prepaid expenses and other current assets$40,164 $25,861 Other non-current assets64,253 45,980 Total$104,417 $71,841 The Company periodically reviews these deferred contract acquisition costs to determine whether events or changes in circumstances have occurred that could impact the period of benefit. There were no impairment losses recorded during the periods presented.

12. Stockholders’ EquityStock-based CompensationA summary of restricted stock unit (“RSU”) activity for the nine months ended March 31, 2025 was as follows (in thousands except share and per share data):Number of SharesWeighted Average Grant Date Fair ValueAggregate Intrinsic ValueBalance as of June 30, 202412,696,964 $213.13 $2,245,839 Granted11,397,712 177.17 — Vested(4,704,388)208.07 1,155,066 Forfeited or cancelled(1,700,378)198.30 — Balance as of March 31, 202517,689,910 $191.87 $3,753,976 As of March 31, 2025, total compensation cost not yet recognized in the condensed consolidated financial statements related to employee and director RSU awards was $2.6 billion.During the nine months ended March 31, 2025, the Company did not grant any shares of restricted stock awards (“RSA”). During the nine months ended March 31, 2024, the Company granted 301,751 shares of RSA. As of March 31, 2025 and June 30, 2024, there were 91,178 and 156,856 shares of RSA outstanding, respectively. These outstanding shares of RSA are subject to forfeiture or repurchase at the original exercise price during the repurchase period following employee termination, as applicable. The total aggregate intrinsic value of outstanding shares of RSA were $19.3 million and $27.7 million as of March 31, 2025 and June 30, 2024, respectively.Share Repurchase ProgramsIn January 2023, the Board of