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Employee Stock Puchase Plan
12 Months Ended
Jun. 30, 2015
Employee Stock Puchase Plan [Abstract]  
Employee Stock Purchase Plan

8.Employee Stock Purchase Plan

 

The Company has an Employee Stock Purchase Plan for all employees meeting certain eligibility criteria.  Under the Plan, eligible employees may purchase shares of the Company's common stock at 85% of its market value at the beginning of the six-month election period.  Purchases are limited to 10% of an employee's eligible compensation and the shares purchased are restricted from being sold for one year from the purchase date.  At June 30, 2015,  133,697 shares remained available under the Plan. 

 

Activity under this Plan is shown in the following table: 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchase Period Ended

 

June 30,

 

2015

 

2014

 

2013

Non-cash stock-based compensation expense

$

14,075 

 

$

30,571 

 

$

34,829 

Common shares purchased

 

3,271 

 

 

14,672 

 

 

8,876 

Average purchase price per share

$

10.67 

 

$

5.74 

 

$

4.35