Share-Based Compensation (Tables)

3 Months Ended

Sep. 30, 2020

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 three months ended September 30, 2020:

	Three Months Ended September 30, 2020
Weighted average fair value of NQOs	$	4.60
Risk-free interest rate	0.29		%
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 three months ended September 30, 2020:

Outstanding NQOs:	Number of NQOs	Weighted Average Exercise Price ($)	Weighted Average Remaining Life (Years)	Aggregate Intrinsic Value ($ in thousands)
Outstanding at June 30, 2020	528,958	13.92	6.21	55
Granted	29,761	6.72	—	—
Exercised	—	—	—	—
Forfeited	(3,000)	19.62	—	—
Expired	(7,048)	28.46	—	—
Outstanding at September 30, 2020	548,671	13.31	6.08	—
Exercisable at September 30, 2020	86,794	15.38	5.72	—

The following table summarizes PNQ activity for the three months ended September 30, 2020:

Outstanding PNQs:	Number of PNQs	Weighted Average Exercise Price ($)	Weighted Average Remaining Life (Years)	Aggregate Intrinsic Value ($ in  thousands)
Outstanding at June 30, 2020	13,630	28.60	2.36	—
Granted	—	—	—	—
Exercised	—	—	—	—
Forfeited	—	—	—	—
Expired	—	—	—	—
Outstanding at September 30, 2020	13,630	28.60	2.11	—
Exercisable at September 30, 2020	8,822	26.89	1.73	—

Schedule of Share-based Compensation, Nonvested Restricted Stock Shares Activity

The following table summarizes restricted stock activity for the three months ended September 30, 2020:

Outstanding and Nonvested Restricted Stock Awards:	Shares Awarded	Weighted Average Grant Date Fair Value ($)
Outstanding and nonvested at June 30, 2020	218,604	13.00
Granted	331,303	6.05
Vested/Released	(7,370)	6.78
Cancelled/Forfeited	(4,298)	5.82
Outstanding and nonvested at September 30, 2020	538,239	8.59

Schedule of Nonvested Performance-Based Restricted Stock Units Activity

The following table summarizes PBRSU activity for the three months ended September 30, 2020:

Outstanding and Nonvested PBRSUs:	PBRSUs Awarded(1)	Weighted Average Grant Date Fair Value ($)
Outstanding and nonvested at June 30, 2020	81,337	15.78
Granted(1)	—	—
Vested/Released	—	—
Cancelled/Forfeited	(607)	27.90
Outstanding and nonvested at September 30, 2020	80,730	15.69

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(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.