Share-Based Compensation (Tables)

6 Months Ended

Dec. 31, 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 the six months ended December 31, 2020:

	Six Months Ended December 31, 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 six months ended December 31, 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	(4,984)	18.16	—	—
Expired	(7,938)	28.51	—	—
Outstanding at December 31, 2020	545,797	13.28	5.83	—
Exercisable at December 31, 2020	147,743	16.17	5.58	—

The following table summarizes PNQ activity for the six months ended December 31, 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	(1,880)	21.33	—	—
Outstanding at December 31, 2020	11,750	29.76	2.16	—
Exercisable at December 31, 2020	6,942	28.40	1.89	—

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

The following table summarizes restricted stock activity for the six months ended December 31, 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	709,473	5.05
Vested/Released	(57,596)	13.38
Cancelled/Forfeited	(11,466)	5.60
Outstanding and nonvested at December 31, 2020	859,015	5.46

The following table summarizes CSRSU activity for the six months ended December 31, 2020:

Outstanding and Nonvested CSRSUs:	CSRSUs Awarded	Weighted Average Grant Date Fair Value ($)
Outstanding and nonvested at June 30, 2020	—	—
Granted	232,002	4.31
Vested/Released	—	—
Cancelled/Forfeited	—	—
Outstanding and nonvested at December 31, 2020	232,002	4.31

Schedule of Nonvested Performance-Based Restricted Stock Units Activity

The following table summarizes PBRSU activity for the six months ended December 31, 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)	306,095	4.10
Vested/Released	(805)	31.70
Cancelled/Forfeited	(2,572)	30.80
Outstanding and nonvested at December 31, 2020	384,055	6.34

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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 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.