XML 43 R32.htm IDEA: XBRL DOCUMENT v3.3.1.900
Stock-Based Incentive Plan (Tables)
 6 Months Ended
Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of information regarding outstanding Stock Options and Incentive Warrants and the changes during the fiscal year
The following summary presents information regarding outstanding Stock Options as of December 31, 2015, and the changes during the period:
 
Number of Stock
Options
and Incentive
Warrants
 
Weighted Average
Exercise Price
 
Aggregate
Intrinsic Value
(1)
 
Weighted
Average
Remaining
Contractual
Term (in
years)
Stock Options outstanding at July 1, 2015
91,061

 
$
2.50

 
 

 
 
Expired
(5,830
)
 
4.02

 
 
 
 
   Stock Options outstanding at December 31, 2015
85,231

 
2.40

 
$
205,305

 
0.9
   Vested and exercisable at December 31, 2015
85,231

 
$
2.40

 
$
205,305

 
0.9
(1) Based upon the difference between the market price of our common stock on the last trading date of the period ($4.81 as of December 31, 2015) and the Stock Option exercise price of in-the-money Stock Options.
Schedule of Restricted Stock transactions
Unvested Contingent Restricted Stock awards at December 31, 2015 consisted of the following:
Award Type
 
Number of
Contingent
Restricted
Shares
 
Weighted
Average
Grant-Date
Fair Value
Performance-based awards
 
60,196

 
$
7.92

Market-based awards
 
46,630

 
3.34

Unvested at December 31, 2015
 
106,826

 
$
5.92

Unvested Restricted Stock awards at December 31, 2015 consisted of the following:
Award Type
 
Number of
Restricted
Shares
 
Weighted
Average
Grant-Date
Fair Value
Service-based awards
 
214,269

 
7.50

Performance-based awards
 
120,386

 
7.92

Market-based awards
 
93,254

 
5.50

Unvested at December 31, 2015
 
427,909

 
$
7.18
Restricted Stock  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Restricted Stock transactions
The following table sets forth the Restricted Stock transactions for the six months ended December 31, 2015:
 
Number of
Restricted
Shares
 
Weighted
Average
Grant-Date
Fair Value
 
Unamortized Compensation Expense at December 31, 2015 (1)
 
Weighted Average Remaining Amortization Period (Years)
Unvested at July 1, 2015
262,227

 
$
9.37

 
 
 
 
Service-based shares granted
142,594

 
6.09

 
 
 
 
Performance-based shares granted
64,752

 
6.09

 
 
 
 
Market-based shares granted
64,752

 
4.58

 
 
 
 
Vested
(74,949
)
 
8.62

 
 
 
 
Forfeited
(31,467
)
 
9.39

 
 
 
 
Unvested at December 31, 2015
427,909

 
$
7.18

 
$
2,298,812

 
2.9

(1) Excludes $559,121 of potential future compensation expense for performance-based awards for which vesting is not considered probable at this time for accounting purposes.
Contingent Restricted Stock  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Restricted Stock transactions
The following table sets forth Contingent Restricted Stock transactions for the six months ended December 31, 2015:
 
Number of
Contingent
Restricted
Shares
 
Weighted
Average
Grant-Date
Fair Value
 
Unamortized Compensation Expense at December 31, 2015 (1)
 
Weighted Average Remaining Amortization Period (Years)
Unvested at July 1, 2015
56,286

 
$
8.20

 
 
 
 
Performance-based awards granted
32,376

 
6.09

 
 
 
 
Market-based awards granted
32,376

 
2.93

 
 
 
 
Forfeited
(14,212
)
 
8.54

 
 
 
 
Unvested at December 31, 2015
106,826

 
$
5.92

 
$
128,898

 
3.2
(1) Excludes $476,761 of potential future compensation expense for performance-based awards for which vesting is not considered probable at this time for accounting purposes.