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Common Stock Compensation
3 Months Ended
Sep. 30, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Common Stock Compensation

(11) Common Stock Compensation

 

Stock Option Activity Summary

 

The Company’s stock option activity for the three months ended September 30, 2018, is as follows:

 

 

 

Shares

(in thousands)

 

 

Weighted Average

Exercise Price

 

Outstanding at June 30, 2018

 

 

361

 

 

$

5.48

 

Granted

 

 

 

 

 

 

Exercised

 

 

(3

)

 

 

2.25

 

Canceled or expired

 

 

(23

)

 

 

4.00

 

Outstanding at September 30, 2018

 

 

335

 

 

$

5.61

 

 

The aggregate intrinsic value of options exercisable at September 30, 2018, was $9 thousand as the fair value of the Company’s common stock is more than the exercise prices of these options. The remaining share-based compensation expense of $283 thousand related to stock options will be recognized over a weighted-average period of 1.61 years.

 

The table below details the Company’s stock options outstanding as of September 30, 2018:

 

Range of exercise prices

 

Number

Outstanding

 

 

Options

Outstanding

Weighted-

Average

Remaining

Contractual

Life (years)

 

 

Weighted-

Average

Exercise

Price

 

 

Number

Exercisable

 

 

Options

Exercisable

Weighted-

Average

Exercise

Price

 

$1.60 – 3.55

 

 

78,900

 

 

 

3.40

 

 

$

3.21

 

 

 

78,900

 

 

$

3.21

 

$5.30 – 5.85

 

 

126,306

 

 

 

8.61

 

 

 

5.47

 

 

 

42,616

 

 

 

5.47

 

$6.00 – 8.35

 

 

130,000

 

 

 

6.15

 

 

 

7.19

 

 

 

86,000

 

 

 

6.59

 

$1.60 – 8.35

 

 

335,206

 

 

 

6.43

 

 

$

5.61

 

 

 

207,516

 

 

$

5.07

 

 

Compensation costs recognized related to stock option awards were $41 thousand and $67 thousand for the three months ended September 30, 2018, and 2017, respectively.

 

Restricted Stock

 

The Company’s restricted stock activity for the three months ended September 30, 2018, is as follows:

 

 

 

Shares

(in thousands)

 

 

Weighted

Average

Grant-Date

Fair Value

 

Outstanding at June 30, 2018

 

 

28

 

 

$

10.16

 

Granted

 

 

 

 

 

 

Vested

 

 

(4

)

 

 

8.86

 

Canceled or expired

 

 

(4

)

 

 

9.58

 

Outstanding at September 30, 2018

 

 

20

 

 

$

10.53

 

 

Stock compensation expenses related to restricted stock were $(5) thousand and $55 thousand for the three months ended September 30, 2018, and 2017, respectively. The remaining share-based compensation expense of $31 thousand related to restricted stock awards granted will be recognized over a weighted-average period of 0.90 years.