Share-based Compensation (Tables)

9 Months Ended

Mar. 31, 2016

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Restricted Stock Activity

The following table summarizes restricted stock activity for the nine months ended March 31, 2016:

Outstanding and Nonvested Restricted Stock Awards:	Shares Awarded		Weighted Average Grant Date Fair Value ($)	Weighted Average Remaining Life (Years)	Aggregate Intrinsic Value ($ in thousands)
Outstanding at June 30, 2015	47,082		16.48	1.2	1,106
Granted	9,638		29.91	3.0	288
Vested/Released(1)	(24,841	)	14.08	—	747
Cancelled/Forfeited	(8,619	)	13.06	—	—
Outstanding at March 31, 2016	23,260		25.88	2.1	648
Expected to vest, March 31, 2016	21,569		25.79	2.1	601

_____________

(1) Includes 5,177 shares that were withheld to meet the employees' minimum statutory tax withholding and retired.

Non-qualified Stock Options with Time-based Vesting (NQO) [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Weighted Average Assumptions Used in Black-Scholes Valuation Model

Following are the weighted average assumptions used in the Black-Scholes valuation model for NQOs granted during the nine months ended March 31, 2016.

	Nine Months Ended  March 31, 2016
Weighted average fair value of NQOs	$	12.74
Risk-free interest rate	1.71		%
Dividend yield	—		%
Average expected term	5.1 years
Expected stock price volatility	47.9		%

Schedule of Stock Options Activity

The following table summarizes NQO activity for the nine months ended March 31, 2016:

Outstanding NQOs:	Number of NQOs		Weighted Average Exercise Price ($)	Weighted Average Grant Date Fair Value ($)	Weighted Average Remaining Life (Years)	Aggregate Intrinsic Value ($ in thousands)
Outstanding at June 30, 2015	329,300		12.30	5.54	3.9	3,700
Granted	18,589		29.17	12.74	6.6	—
Exercised	(100,895	)	12.99	5.59	—	1,574
Cancelled/Forfeited	(18,371	)	13.45	6.17	—	—
Outstanding at March 31, 2016	228,623		13.28	6.05	3.8	3,336
Vested and exercisable, March 31, 2016	188,705		10.50	4.90	3.3	3,278
Vested and expected to vest, March 31, 2016	225,974		13.12	5.99	3.8	3,333

Non-qualified Stock Options with Performance-based and Time-based Vesting (PNQ) [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Weighted Average Assumptions Used in Black-Scholes Valuation Model

Following are the weighted average assumptions used in the Black-Scholes valuation model for PNQs granted during the nine months ended March 31, 2016.

	Nine Months Ended  March 31, 2016
Weighted average fair value of PNQs	$	11.46
Risk-free interest rate	1.71		%
Dividend yield	—		%
Average expected term	4.9 years
Expected stock price volatility	42.5		%

Performance Shares Award Outstanding Activity

The following table summarizes PNQ activity for the nine months ended March 31, 2016:

Outstanding PNQs:	Number of PNQs		Weighted Average Exercise Price ($)	Weighted Average Grant Date Fair Value ($)	Weighted Average Remaining Life (Years)	Aggregate Intrinsic Value ($ in thousands)
Outstanding at June 30, 2015	224,067		22.44	10.31	6.0	237
Granted	143,466		29.48	11.46	6.5	—
Exercised	(14,144	)	21.20	10.45	—	107
Cancelled/Forfeited	(64,790	)	23.20	10.37	—	—
Outstanding at March 31, 2016	288,599		25.83	10.86	6.0	588
Vested and exercisable, March 31, 2016	48,132		22.52	10.31	5.4	257
Vested and expected to vest, March 31, 2016	272,503		25.74	10.85	6.0	579