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Dividends
3 Months Ended
Sep. 30, 2014
Dividends [Abstract]  
Dividends
10.
Dividends
 
During the three months ended September 30, 2014, our Board of Directors approved a quarterly cash dividend as follows:

      
Dividend
 
Record Date
Payment Date
Type
 
Per Share
  
Total
 
September 15, 2014
September 29, 2014
Quarterly
 
$
0.12
  
$
1,112,000
 

As of September 30, 2014, we have $206,000 of dividends payable to holders of restricted common stock who held restricted shares at the time of dividend record dates and still hold those restricted shares as of September 30, 2014.  Such dividends will be paid when the restrictions on a holder’s restricted common shares lapse.  This dividend payable is divided between current payable and non-current payable in the amounts of $85,000 and $121,000, respectively, based upon the expected vesting date of the underlying shares. These holders of restricted common stock will receive the dividend payments as long as they remain eligible at the vesting date of the shares. Because the participants are not entitled to these dividends unless they complete the requisite performance criteria and service period for the shares to vest, they are not participating dividends as defined under ASC 260-10.