Share-Based Payments (Tables)

6 Months Ended

Dec. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Restricted Stock

	Shares		Weighted Average Grant Date Fair Value
Nonvested at July 1, 2014	396,370		$	95.57
Granted	1,432,860		3.43
Vested	(409,790	)	8.23
Forfeited and canceled	(40,630	)	2.05
Nonvested at December 31, 2014	1,378,810		$	43.15

Schedule of Stock Options

The following table summarizes the Company's stock option activity for six months ended December 31, 2014:

	Number of Options		Weighted average exercise price
Outstanding at June 30, 2014	989,066		$	30.09
Granted	306,250		3.57
Exercised	—		—
Forfeited and canceled	(111,019	)	21.11
Outstanding at December 31, 2014	1,184,297		24.07
Exercisable at December 31, 2014	427,592		$	47.66

Schedule Weighted Average Assumptions

The fair value of the options granted during the six months ended December 31, 2014 and 2013 were estimated based on the following weighted average assumptions:

	Six Months Ended December 31,
	2014			2013
Expected volatility	80		%	80		%
Risk-free interest rate	2.04		%	1.70		%
Expected dividend yield	—			—
Expected life (in years)	6.50			6.03
Estimated fair value per option granted	$	2.54		$	38.40