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Share Based Compensation (Tables)
 12 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Components of Share-Based Compensation Expense
The following tables summarize the components of share-based compensation expense recognized in the Company’s consolidated statements of comprehensive income, both by line item and by plan:
Year ended June 30,
202320222021
Cost of services$298 $105 $— 
Selling, general and administrative4,308 1,746 5,361 
Total stock compensation expense$4,606 $1,851 $5,361 
Year ended June 30,
202320222021
Phantom Stock Plans$800 $33 $851 
2018 Restricted Stock Award Plan$(7)$6 $885 
2020 Long term Incentive Plan$3,813 $1,812 $3,625 
Total stock compensation expense$4,606 $1,851 $5,361 
Summary of Stock Option Activity
The following table summarizes the phantom stock option activity for the year ended June 30, 2023:
Share optionsWeighted
Average
Exercise Price		Weighted Average
Remaining
Contractual Term (years)		Aggregate intrinsic
value
(thousands)
Outstanding as of June 30, 2022187,673 $18.91 7.23
Granted97,500 25.48 9.67
Exercised(63,089)17.18 6.86$558 
Forfeited / expired(10,734)24.36 8.94
Outstanding as of June 30, 2023211,350$22.18 8.38$188 
Vested and exercisable as of June 30, 202393,621$19.43 7.34$169 
The following table summarizes the stock option activity for the year ended June 30, 2023:
Share optionsWeighted
Average
Exercise Price		Weighted Average
Remaining
Contractual Term (years)		Aggregate intrinsic
value
(thousands)
Outstanding as of June 30, 2022921,972 $16.62 7.34
Granted236,200 26.22 9.67
Exercised(122,946)16.79 7.28$1,002 
Forfeited / expired(93,627)18.44 7.26
Outstanding as of June 30, 2023941,59918.787.89$3,501 
Vested and exercisable as of June 30, 2023558,758$16.36 7.16$2,721 
Schedule of Estimates and Assumptions in Valuation These include the price per share, expected term, expected volatility, expected dividends and the risk-free interest rate.
June 30,
2023		June 30,
2022		June 30,
2021
Expected term
1.40 - 6.12 years
1.40 -5.66 years
1.65 - 5.66 years
Volatility
33.41% - 36.33%
32.6% - 37.2%
32.23% - 44.29%
Expected dividend yield0.00%0.00%0.00%
Risk-free interest rate
4.05% - 4.87%
3.01% to 3.03%
0.25% - 1.04%
The grant date fair value of the stock options was estimated using the following assumptions:
June 30,
2023		June 30,
2022		June 30,
2021
Expected term
6.12 years
6.08 - 7.00 years
5.30 - 10.00 years
Volatility
32.89% - 33.39%
31.30% - 31.54%
29.40% - 47.70%
Expected dividend yield0.00%0.00%0.00%
Risk-free interest rate
3.75% to 4.11%
1.28% to 2.00%
0.57% to 1.20%
Summary of Unvested RSA Activity
A summary of the unvested RSAs is as follows:
SharesWeighted Average
Grant Date
Fair Value
Unvested as of June 30, 202235,292 $0.61 
Granted— — 
Vested(28,902)0.61
Forfeitures / cancellations / expirations(106)0.61
Unvested as of June 30, 20236,284$0.61 
Summary of Restricted Stock Unit Activity
A summary of the unvested RSU and PRSU activity for the year ended June 30, 2023 is as follows:
SharesWeighted Average
Grant Date
Fair Value
Unvested as of June 30, 2022635,738 $16.68 
Granted— $— 
Vested(30,557)$17.12 
Forfeitures / cancellations / expirations(60,000)$20.11 
Unvested as of June 30, 2023545,181$16.28