Note 10 - Common Stock Incentive, Stock Purchase Plans, and Other Compensation Plans |
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Share-Based Payment Arrangement [Text Block] |
(10) Common Stock Incentive, Stock Purchase Plans, and Other Compensation Plans
Stock Option Activity Summary
The Company’s stock option activity for the years ended June 30, 2023 and 2022 was as follows:
The aggregate intrinsic value of options exercisable at June 30, 2023 was $0 as the fair value of the Company’s common stock is less than the exercise prices of these options. The aggregate intrinsic value of all options outstanding at June 30, 2023 was $0.
Compensation costs recognized related to vested stock option awards during the years ended June 30, 2023 and 2022 were $189 thousand and $37 thousand, respectively. At June 30, 2023, there was $360 thousand of total unrecognized compensation cost related to non-vested stock option awards, which is expected to be recognized over a weighted average period of 1.83 years.
Restricted Stock
The Company’s restricted stock activity for the years ended June 30, 2023 and 2022, was as follows:
Compensation costs recognized related to vested restricted stock awards during the years ended June 30, 2023 and 2022 were $1.3 million and $1.5 million, respectively. At June 30, 2023, there was $1.3 million of unrecognized compensation cost related to restricted stock, which is expected to be recognized over a weighted average period of 1.92 years.
Stock-based Compensation in Operating Expenses
The Company’s stock-based compensation by category for the years ended June 30,2023 and 2022 was as follows:
Fair Value of Stock-Based Compensation
Stock-based compensation costs are generally based on the fair value calculated from the Black-Scholes model on the date of the grant of stock options. The fair values of stock options are amortized as compensation expense on a straight-line basis over the vesting period of the grants. The Company recognizes forfeitures as they occur. The assumptions used for the years ended June 30, 2023 and 2022 and the resulting estimates of weighted-average fair value per share of options granted or modified are summarized in the following table:
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