XML 44 R29.htm IDEA: XBRL DOCUMENT v3.20.2
Share-Based Compensation (Tables)
 12 Months Ended
Jun. 30, 2020
Share-based Payment Arrangement [Abstract]  
Share-based Options Fair Value Valuation Assumptions
The fair value of stock option awards was estimated using the Black-Scholes option-pricing model with the following assumptions and weighted-average fair value:
June 30, 2018
Weighted-average grant date fair value$2.25  
Risk-free interest rate2.3 %
Expected volatility59.0 %
Expected life (years)4.8
Summary of Stock Option Activity
The following is a summary of stock option activity for the fiscal years ended June 30, 2020, 2019 and 2018:
Options (in thousands)Weighted
Average
Exercise Price		Weighted
Average Remaining
Contractual Term (in years)		Aggregate Intrinsic Value (in thousands)
Outstanding at June 30, 2017310  $6.35  
Granted461  $4.44  
Exercised(21) 2.96  $33  
Forfeited(20) 16.26  
Expired or Canceled—  —  
Outstanding at June 30, 2018730  4.96  
Granted—  $—  
Exercised(155) 4.52  $1,328  
Forfeited(19) 4.58  
Expired or Canceled(29) 4.64  
Outstanding at June 30, 2019527  5.12  
Granted—  $—  
Exercised(25) 3.00  $283  
Forfeited(1) 20.09  
Expired or Canceled(5) 4.11  
Outstanding at June 30, 2020496  5.23  6.60$4,171  
Exercisable at June 30, 2020424  $5.36  6.43$3,515  
Schedule of Nonvested Restricted Shares
The following is a summary of restricted stock awards granted during the fiscal years ended June 30, 2020, 2019 and 2018:
Shares
(in thousands)		Weighted Average Grant Date Fair Value
Nonvested at June 30, 2017277  $4.98  
Granted190  $4.57  
Vested (355) 4.62  
Forfeited(3) 5.22  
Nonvested at June 30, 2018109  5.43  
Vested at June 30, 2018—  —  
Granted37  $11.59  
Vested (56) 5.55  
Forfeited—  —  
Nonvested at June 30, 201990  7.87  
Vested at June 30, 2019—  —  
Granted30  $15.20  
Vested(80) 8.19  
Forfeited—  —  
Nonvested at June 30, 202040  12.74  
Vested at June 30, 2020—  $—  
Schedule of Unvested Restricted Stock Units Roll Forward
The following is a summary of restricted stock units granted during the fiscal years ended June 30, 2020 and 2019:
Number of Units (in thousands)Weighted Average Grant Date Fair Value
Nonvested at June 30, 2018—  $—  
Granted347  $13.81  
Vested—  —  
Forfeited(7) 13.51  
Nonvested at June 30, 2019340  13.81  
Vested at June 30, 2019—  —  
Granted122  13.64  
Vested(221) 13.87  
Forfeited(2) 12.92  
Nonvested at June 30, 2020239  13.68  
Vested at June 30, 2020—  —  
Summary of Nonvested Restricted Stock Units The following is a summary of performance restricted stock units granted during the fiscal years ended June 30, 2020, 2019 and 2018:
Number of Units (in thousands)Weighted Average Grant Date Fair Value
Nonvested at June 30, 2017762  $8.51  
Granted—  $—  
Vested—  —  
Forfeited(132) 7.02  
Nonvested at June 30, 2018630  8.82  
Granted(1)
348  $12.98  
Vested(1)
(479) 13.28  
Forfeited(49) 4.99  
Nonvested at June 30, 2019450  7.71  
Granted(1)
357  $6.96  
Vested(1)
(658) 5.88  
Forfeited(40) 15.02  
Nonvested at June 30, 2020109  13.61  
Vested at June 30, 2020—  $—  
Schedule of Performance Share Units Activity
The following is a summary of cash-settled performance units granted during the fiscal years ended June 30, 2020, 2019 and 2018:
Number of Units (in thousands)Weighted Average Grant Date Fair Value
Outstanding at June 30, 2017, nonvested32  
Granted87  $4.65  
Vested(32) —  
Forfeited(29) $6.48  
Outstanding at June 30, 2018, nonvested58  
Granted42  $11.27  
Vested(32) —  
Forfeited(18) $9.07  
Outstanding at June 30, 2019, nonvested50  
Granted—  $—  
Vested(42) —  
Forfeited(8) $7.68  
Outstanding at June 30, 2020, nonvested—  
Share-based Awards Other Than Options Fair Value Valuation Assumptions
The fair value of phantom unit awards was estimated using the Black-Scholes option-pricing model with the following assumptions and weighted-average fair value as follows:
June 30, 2018
Weighted-average grant date fair value$0.40  
Risk-free interest rate
2.1% -2.3%
Expected volatility
56.2% - 57.0%
Expected life (years)
0.5 - 0.8
Summary of Cash-Settled Phantom Units
The following is a summary of cash-settled phantom units granted during the fiscal years ended June 30, 2020, 2019 and 2018:
Number of Units (in thousands)Weighted Average Remaining Contractual Term (in years)Aggregate Intrinsic Value (in thousands)
Outstanding at June 30, 2017, nonvested—  
Granted170  —  $68  
Vested—  —  
Forfeited—  —  
Outstanding at June 30, 2018, nonvested170  0.50$273  
Granted—  —  
Vested(170) —  $1,619  
Forfeited—  —  
Outstanding at June 30, 2019, nonvested—  —  
Granted—  —  
Vested—  —  
Forfeited—  —  
Outstanding at June 30, 2020, nonvested—  —