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Consolidated Statements of Changes in Shareholders' Equity - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
Common Stock
Additional Paid-In Capital
Retained Earnings/(Accumulated Deficit)
[1]
Retained Earnings/(Accumulated Deficit)
Cumulative Effect, Period of Adoption, Adjustment
[1]
Treasury Stock
Accumulated Other Comprehensive (Loss) Income
Beginning balance (in shares) at Jun. 30, 2018     84,997,000          
Beginning balance at Jun. 30, 2018 $ 187,129   $ 850 $ 134,048 $ 129,472   $ (77,241) $ 0
Beginning balance (Accounting Standards Update 2016-09) at Jun. 30, 2018   $ 353       $ 353    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 72,579       72,579      
Stock options exercised (in shares)     5,642,000          
Stock options exercised 4,300   $ 56 4,244        
Dividends paid [2] (1,958)       (1,958)      
Common stock repurchased (in shares)     (20,000)          
Common stock repurchased (34)           (34)  
Share-based compensation expense 86     86        
Ending balance (in shares) at Jun. 30, 2019     90,619,000          
Ending balance at Jun. 30, 2019 262,455   $ 906 138,378 200,446   (77,275) 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 81,147       81,147      
Stock options exercised (in shares)     5,495,000          
Stock options exercised 5,506   $ 56 5,450        
Gain (loss) on cash flow hedge, net of tax (1,295)             (1,295)
Amount reclassified into earnings, net tax 41             41
Dividends paid [3] (207,341)       (207,341)      
Dividends paid on unexercised stock options (9,221)     (9,221)        
Dividends paid on unexercised stock options (58,438)     (58,438)        
Share-based compensation expense 9,483     9,483        
Issuance and conversion of preferred shares, net of transaction fees (in shares)     51,571,000          
Issuance and conversion of preferred shares, net of transaction fees 130,047   $ 516 129,531        
Treasury stock retired (in shares)     (3,520,000)          
Treasury stock retired 195   $ 36   77,044   77,275  
Proceeds from initial public offering, net of underwriters’ discounts and commissions and other offering expenses (in shares)     18,026,000          
Proceeds from initial public offering, net of underwriters’ discounts and commissions and other offering expenses 333,110   $ 180 332,930        
Ending balance (in shares) at Jun. 30, 2020     162,191,000          
Ending balance at Jun. 30, 2020 545,689   $ 1,622 548,113 (2,792)   0 (1,254)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income $ 131,046       131,046      
Stock options exercised (in shares) 1,695,152   1,213,000          
Stock options exercised $ (9,461)   $ 12 (9,473)        
Gain (loss) on cash flow hedge, net of tax 941             941
Amount reclassified into earnings, net tax 542             542
Issuance of common stock pursuant to employee stock purchase plan (in shares)     106,000          
Issuance of common stock pursuant to employee stock purchase plan and vesting of restricted stock unit awards 986   $ 1 985        
Share-based compensation expense 5,146     5,146        
Ending balance (in shares) at Jun. 30, 2021     163,510,000          
Ending balance at Jun. 30, 2021 $ 674,889   $ 1,635 $ 544,771 $ 128,254   $ 0 $ 229
[1] As adjusted for the adoption of ASC 606 using the full retrospective method.
[2] Dividends paid per share, including common shares and series A-D, were $0.12 for the year ended June 30, 2019.
[3] Dividends paid for common stock and unexercised stock options were $1.96 per share and $15.66 per share for preferred series A-D during the year ended June 30, 2020. Refer to Note 12 for further details.