XML 42 R37.htm IDEA: XBRL DOCUMENT v2.4.0.8
Share-Based Compensation (Tables)
12 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
Following are the assumptions used in the Black-Scholes valuation model for PNQs granted during the fiscal year ended June 30, 2014:
 
 
Year Ended June 30,
 
 
2014
Weighted average fair value of PNQs
 
$
10.49

Risk-free interest rate
 
1.8
%
Dividend yield
 
%
Average expected term
 
6 years

Expected stock price volatility
 
50.5
%
Following are the weighted average assumptions used in the Black-Scholes valuation model for NQOs granted during the fiscal years ended June 30, 2014, 2013 and 2012:
 
 
Year Ended June 30,
 
 
2014
 
2013
 
2012
Weighted average fair value of NQOs
 
$
9.17

 
$
5.69

 
$
4.42

Risk-free interest rate
 
1.7
%
 
0.9
%
 
1.1
%
Dividend yield
 
%
 
%
 
%
Average expected term
 
6 years

 
6 years

 
6 years

Expected stock price volatility
 
50.4
%
 
49.5
%
 
52.5
%
 
Schedule of Share-based Compensation, Stock Options, Activity  
The following table summarizes PNQ activity in fiscal 2014:
Outstanding PNQs:
 
Number
of
PNQs
 
Weighted
Average
Exercise
Price ($)
 
Weighted
Average
Grant Date
Fair Value ($)
 
Weighted
Average
Remaining
Life
(Years)
 
Aggregate
Intrinsic
Value
($ in 
thousands)
Outstanding at June 30, 2013
 

 
 
 
 

Granted
 
112,442

 
21.27
 
10.49
 
6.5
 

Cancelled/Forfeited
 

 
 
 
 

Outstanding at June 30, 2014
 
112,442

 
21.27
 
10.49
 
6.5
 
38

Vested and exercisable, June 30, 2014
 

 
 
 
 

Vested and expected to vest, June 30, 2014
 
99,727

 
21.28
 
10.49
 
6.5
 
33

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
The following table summarizes restricted stock activity:
Outstanding and Nonvested Restricted Stock Awards:
 
Shares
Awarded
 
Weighted
Average
Grant Date
Fair Value
($)
 
Weighted
Average
Remaining
Life
(Years)
 
Aggregate
Intrinsic
Value
($ in thousands)
Outstanding at June 30, 2011
 
80,687

 
17.31

 
2.6
 
818

Granted
 
142,070

 
7.70

 
2.1
 
1,094

Exercised/Released
 
(27,227
)
 
15.80

 
 
202

Cancelled/Forfeited
 
(19,583
)
 
13.92

 
 

Outstanding June 30, 2012
 
175,947

 
10.16

 
1.9
 
1,401

Granted
 
51,177

 
11.67

 
 
597

Exercised/Released
 
(64,668
)
 
11.27

 
 
832

Cancelled/Forfeited
 
(23,096
)
 
12.21

 
 

Outstanding at June 30, 2013
 
139,360

 
9.87

 
1.9
 
1,959

Granted
 
9,200

 
20.48

 
 
188

Exercised/Released
 
(38,212
)
 
11.59

 
 
820

Cancelled/Forfeited
 
(14,136
)
 
9.38

 
 

Outstanding at June 30, 2014
 
96,212

 
10.27

 
1.5
 
2,079

Expected to vest, June 30, 2014
 
90,359

 
12.61

 
1.5
 
1,953

 
Nonvested
   
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Schedule of Share-based Compensation, Stock Options, Activity
Nonvested NQOs:
 
Number
of
NQOs
 
Weighted
Average
Exercise
Price ($)
 
Weighted
Average
Grant Date
Fair Value ($)
 
Weighted
Average
Remaining
Life (Years)
Outstanding at June 30, 2011
 
322,869

 
15.02
 
6.50
 
1.7
Granted
 
356,834

 
8.90
 
4.42
 
6.6
Vested
 
(243,518
)
 
13.00
 
5.85
 
Forfeited
 
(92,946
)
 
12.54
 
5.80
 
Outstanding at June 30, 2012
 
343,239

 
10.76
 
4.20
 
6.3
Granted
 
192,892

 
12.12
 
5.69
 
6.5
Vested
 
(188,909
)
 
11.56
 
5.33
 
Forfeited
 
(31,561
)
 
13.82
 
5.92
 
Outstanding at June 30, 2013
 
315,661

 
10.80
 
5.12
 
6.1
Granted
 
1,927

 
18.68
 
9.17
 
6.4
Vested
 
(133,957
)
 
11.02
 
5.21
 
Forfeited
 
(15,833
)
 
11.48
 
5.49
 
Outstanding at June 30, 2014
 
167,798

 
10.65
 
5.06
 
5.3
 
Vested
   
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Schedule of Share-based Compensation, Stock Options, Activity  
The following table summarizes NQO activity for the three most recent fiscal years:
Outstanding NQOs:
 
Number
of NQOs
 
Weighted
Average
Exercise
Price ($)
 
Weighted
Average
Grant Date
Fair Value ($)
 
Weighted
Average
Remaining
Life
(Years)
 
Aggregate
Intrinsic
Value
($ in thousands)
Outstanding at June 30, 2011
 
497,810

 
17.19
 
6.44
 
5.7
 
61

Granted
 
356,834

 
8.90
 
4.42
 
 

Cancelled/Forfeited
 
(187,409
)
 
16.89
 
5.06
 
 

Outstanding at June 30, 2012
 
667,235

 
12.84
 
4.78
 
4.8
 
143

Granted
 
192,892

 
12.12
 
5.69
 
6.5
 
374

Exercised
 
(117,482
)
 
10.24
 
5.23
 
 
336

Cancelled/Forfeited
 
(185,218
)
 
13.83
 
5.92
 
 

Outstanding at June 30, 2013
 
557,427

 
12.81
 
5.44
 
5.1
 
1,620

Granted
 
1,927

 
18.68
 
9.17
 
6.4
 

Exercised
 
(112,964
)
 
13.10
 
5.81
 
 
895

Cancelled/Forfeited
 
(33,936
)
 
16.63
 
6.13
 
 

Outstanding at June 30, 2014
 
412,454

 
12.44
 
5.30
 
4.4
 
3,782

Vested and exercisable, June 30, 2014
 
244,656

 
13.67
 
5.46
 
3.7
 
1,967

Vested and expected to vest, June 30, 2014
 
402,440

 
12.48
 
5.30
 
4.3
 
3,700