Stockholders' Equity

6 Months Ended

Dec. 31, 2014

Equity [Abstract]

Stockholders' Equity

Stockholders’ Equity

During the three and six months endedDecember 31, 2014 the Company issued 170,000 and 220,000 shares, respectively, of restricted stock and 1.3 million and 1.5 million shares, respectively, of common stock upon the exercise of warrants and options. During the three and six months endedDecember 31, 2014, 18,000 and 87,000 shares, respectively, of restricted stock were canceled or surrendered as payment of tax withholding upon vesting.

On June 3, 2014 the Company announced a share repurchase program authorizing it to repurchase up to $4 million in shares of the Company's common stock. As part of that repurchase program, the Company entered into a pre-arranged stock repurchase plan that operated in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act. During the three and six months endedDecember 31, 2014, the Company had purchased 1.6 million and 3.0 million shares, respectively, of its common stock at an aggregate purchase price of $2.0 million and $4.0 million, respectively under this repurchase program. At December 31, 2014, the Company had purchased the entire amount authorized under the program for repurchases.

On November 6, 2014 the Company announced a share repurchase program authorizing it to repurchase up to $7 million in shares of the Company's common stock. As part of that repurchase program, the Company entered into a pre-arranged stock repurchase plan that operated in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act. As of December 31, 2014, the Company had purchased 1.9 million shares of its common stock at an aggregate purchase price of $2.6 million under this repurchase program. At December 31, 2014, there is $4.4 million remaining under this program for repurchases.

The Company’s Articles of Incorporation authorize the issuance of preferred shares. However, as of December 31, 2014, none have been issued nor have any rights or preferences been assigned to the preferred shares by the Company’s Board of Directors.