XML 87 R41.htm IDEA: XBRL DOCUMENT v3.19.3
Share-Based Compensation (Tables)
 3 Months Ended
Sep. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
Following are the assumptions used in the Black-Scholes valuation model for NQOs granted during the three months ended September 30, 2019:

 
 
Three Months Ended September 30, 2019
Weighted average fair value of NQOs
 
$
4.47

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

Expected stock price volatility
 
37.0
%
Schedule of Share-based Compensation, Nonvested Restricted Stock Shares Activity
The following table summarizes restricted stock activity for the three months ended September 30, 2019:
Outstanding and Nonvested Restricted Stock Awards:
 
Shares
Awarded
 
Weighted
Average
Grant Date
Fair Value
($)
Outstanding and nonvested at June 30, 2019
 
32,056

 
21.10

Granted
 
7,370

 
13.56

Vested/Released
 
—

 
—

Cancelled/Forfeited
 
(757
)
 
31.70

Outstanding and nonvested at March 31, 2019
 
38,669

 
20.22
Schedule of Nonvested Performance-Based Restricted Stock Units Activity
The following table summarizes PBRSU activity for the three months ended September 30, 2019:
Outstanding and Nonvested PBRSUs:
 
PBRSUs
Awarded(1)
 
Weighted
Average
Grant Date
Fair Value
($)
Outstanding and nonvested at June 30, 2019
 
51,237

 
27.69

Granted(1)
 
38,080

 
13.13

Vested/Released
 
—

 
—

Cancelled/Forfeited
 
(24,254
)
 
27.91

Outstanding and nonvested at September 30, 2019
 
65,063

 
27.57

Expected to vest at September 30, 2019
 
—

 
—

_____________
(1) The target number of PBRSUs is presented in the table. Under the terms of the awards, the recipient may earn between 0% and 150% of the target number of PBRSUs depending on the extent to which the Company meets or exceeds the achievement of the applicable financial performance goals.
NQOs | 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 months ended September 30, 2019:
Outstanding NQOs:
 
Number
of NQOs
 
Weighted
Average
Exercise
Price ($)
 
Weighted
Average
Remaining
Life
(Years)
 
Aggregate
Intrinsic
Value
($ in thousands)
Outstanding at June 30, 2019
 
198,049

 
27.35
 
5.25
 
40

Granted
 
223,713

 
13.13
 
—
 
—

Exercised
 
—

 
—
 
—
 
—

Forfeited
 
(68,842
)
 
27.40
 
—
 
—

Expired
 
(12,946
)
 
31.70
 
—
 
—

Outstanding at September 30, 2019
 
339,974

 
17.82
 
6.12
 
6

Exercisable at September 30, 2019
 
37,283

 
26.33
 
1.71
 
6
PNQs  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Compensation, Stock Options, Activity
The following table summarizes PNQ activity for the three months ended September 30, 2019:
Outstanding PNQs:
 
Number
of
PNQs
 
Weighted
Average
Exercise
Price ($)
 
 
Weighted
Average
Remaining
Life
(Years)
 
Aggregate
Intrinsic
Value
($ in 
thousands)
Outstanding at June 30, 2019
 
229,961

 
26.21
 
 
1.23
 
—

Granted
 
—

 
—
 
 
—
 
—

Exercised
 
—

 
—
 
 
—
 
—

Forfeited
 
(6,212
)
 
32.85
 
 
—
 
—

Expired
 
(149,031
)
 
25.05
 
 
—
 
—

Outstanding at September 30, 2019
 
74,718

 
27.95
 
 
1.00
 
—

Exercisable at September 30, 2019
 
53,990

 
26.65
 
 
0.78
 
—