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Dividends
3 Months Ended
Sep. 30, 2015
Dividends [Abstract]  
Dividends
15.
Dividends
 
During the three months ended September 30, 2015, our Board of Directors approved a quarterly cash dividend as follows:
 
 
 
 
 
 
 
Dividends Declared
 
Record Date
 
Payment Date
 
Type
 
Per Share
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
September 15, 2015
 
September 29, 2015
 
Quarterly
 
$
0.12
 
$
1,146
 
 
As of September 30, 2015, we recorded $148 of dividends payable to holders of restricted common stock who held restricted shares at the time of the dividend record dates and still hold those restricted shares as of September 30, 2015. 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 $68 and $80, 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. Dividends payable at September 30, 2015 reflect the rescission of 120,000 RSAs as described in Note 2 – Immaterial Restatement of Previously Issued Financial Statements and Reclassification. For the three months ended September 30, 2015, $43 of dividends payable were forfeited and returned to capital for restricted shares that were forfeited prior to meeting vesting requirements. Because the participants are not entitled to these dividends unless they complete the requisite service period for the shares to vest, they are not “participating dividends” as defined under ASC Topic 260-10, Earnings per Share.