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Share-Based Compensation (Tables)
 6 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
Following are the assumptions used in the Black-Scholes valuation model for NQOs granted during the six months ended December 31, 2019:

 
 
Six Months Ended December 31, 2019
Weighted average fair value of NQOs
 
$
4.65

Risk-free interest rate
 
1.7
%
Dividend yield
 
—
%
Average expected term
 
4.6 years

Expected stock price volatility
 
35.4
%
Schedule of Share-based Compensation, Stock Options, Activity
The following table summarizes NQO activity for the six months ended December 31, 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
 
431,344

 
14.48
 
—
 
—

Exercised
 
(10,360
)
 
12.48
 
—
 
28

Forfeited
 
(104,288
)
 
27.28
 
—
 
—

Expired
 
(27,970
)
 
31.66
 
—
 
—

Outstanding at December 31, 2019
 
486,775

 
16.03
 
6.54
 
432

Exercisable at December 31, 2019
 
30,074

 
28.96
 
3.76
 
—

The following table summarizes PNQ activity for the six months ended December 31, 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
 
(202,753
)
 
25.67
 
 
—
 
—

Outstanding at December 31, 2019
 
20,996

 
29.39
 
 
1.92
 
—

Exercisable at December 31, 2019
 
12,730

 
27.95
 
 
1.78
 
—
Schedule of Share-based Compensation, Nonvested Restricted Stock Shares Activity
The following table summarizes restricted stock activity for the six months ended December 31, 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
 
48,654

 
15.05

Vested/Released
 
(18,298
)
 
23.98

Cancelled/Forfeited
 
(1,704
)
 
31.70

Outstanding and nonvested at December 31, 2019
 
60,708

 
15.66
Schedule of Nonvested Performance-Based Restricted Stock Units Activity
The following table summarizes PBRSU activity for the six months ended December 31, 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)
 
76,256

 
14.42

Vested/Released
 
—

 
—

Cancelled/Forfeited
 
(36,049
)
 
27.92

Outstanding and nonvested at December 31, 2019
 
91,444

 
16.54

_____________
(1) The target number of PBRSUs is presented in the table. Under the terms of the awards, the recipient may earn between 0% and 200% 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.