XML 134 R114.htm IDEA: XBRL DOCUMENT v3.20.2
Stock-Based Compensation (Narrative) (Details) - USD ($)
1 Months Ended 12 Months Ended
Sep. 30, 2020
Aug. 05, 2020
Mar. 01, 2020
Mar. 01, 2019
Aug. 27, 2014
Feb. 29, 2020
May 31, 2018
Mar. 31, 2018
Aug. 31, 2017
May 31, 2017
May 31, 2016
Nov. 30, 2014
Aug. 31, 2014
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Number of stock options awarded                           561,000 600,000      
Stock options granted exercise price                           $ 5.83 $ 7.81 $ 13.99 $ 13.87  
Forfeitures, Number of shares                           93,928 174,695 37,333    
Options exercise price range, lower limit                           $ 3.07        
Options exercise price range, upper limit                           $ 11.23        
Stock-based compensation charge, net                           $ 1,728,000 $ 393,000 $ 2,607,000    
Deferred tax asset related to stock-based compensation                           400,000 200,000      
Share-based compensation deferred tax asset valuation allowance                           400,000 200,000      
Valuation allowance                           $ 106,433,000 $ 125,887,000      
Expired unexercised, number of shares                             370,000      
Exercisable, Number of Shares                           474,986        
August 2015 Awards [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Number of stock options awarded                                 301,537  
August 2016 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Fundamental EPS, linear interpolation                             $ 2.8      
Stock Incentive Plan [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Total number of shares of common stock issuable under plan                           11,052,580        
Maximum number of shares for which awards may granted during calendar year to any participant                           569,120        
Maximum number of shares subject to stock option awards that can be granted during calendar year                           569,120        
Maximum amount that can be granted in calendar year awards other than stock options                           $ 20,000,000        
Stock Options [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Share based compensation, expiration period                           10 years        
Share based compensation, vesting period                           3 years        
Exercisable stock options                           170,335   105,982    
Options exercise price range, lower limit                           $ 3.07        
Options exercise price range, upper limit                           $ 11.23        
Expected volatility                           57.00% 44.00%      
Expected life (in years)                           3 years 3 years      
Risk-free rate                           1.57% 2.75%      
Unrecognized compensation cost                                   $ 9,000,000
Unrecognized compensation cost, expected recognition period, years                           2 years        
Stock Options [Member] | May 2009 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Expired unexercised, number of shares                             170,000      
Stock Options [Member] | August 2008 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Expired unexercised, number of shares                             200,000      
Stock Options [Member] | Non-Employee Directors [Member] | Subsequent Event [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Number of stock options awarded   150,000                                
Stock options granted exercise price   $ 3.5                                
Restricted Stock [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Number of stock options awarded                           568,000 148,000 618,411    
Vested number of shares of restricted stock                           18,908 64,003 56,250    
Forfeitures, Number of shares                           17,500 265,500 302,223    
Unrecognized compensation cost                           $ 2,300,000        
Unrecognized compensation cost, expected recognition period, years                           2 years        
Fair value of restricted stock vested                           $ 100,000 $ 500,000 $ 500,000    
Restricted Stock [Member] | August 2015 Awards [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Stock Based Compensation Reversed Shares                                 301,537  
Restricted Stock [Member] | September 2018 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Share based compensation, vesting period                           3 years        
Expected volatility calculation term                           30 years        
Expected volatility                           37.40%        
Restricted Stock [Member] | August 2017 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Expected volatility                           44.00%        
Expected life (in years)                           3 years        
Future dividends                           $ 0        
Period of trading days to the trigger events                           30 days        
Restricted Stock [Member] | February 2020 [Member] | 50% Vest [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Vesting percentage                           8.00%        
Restricted Stock [Member] | February 2020 [Member] | 100% Vest [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Vesting percentage                           14.00%        
Restricted Stock [Member] | Executive Officers [Member] | Time-Based Vesting [Member] | Performance Conditions Were Not Achieved [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Share based compensation number of stock award forfeited                             150,000      
Restricted Stock [Member] | Executive Officers [Member] | Time-Based Vesting [Member] | 50% Of Original Award Forfeited Upon Disposal Of Net1 Korea [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Share based compensation number of stock award forfeited                           7,500        
Share-based compensation arrangement acceletrated vesting number                           7,500        
Restricted Stock [Member] | Executive Officers [Member] | September 2018 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Number of stock options awarded                           148,000        
Percentage of increase target price                           55.00%        
Closing price, per share                           $ 6.2        
Share based compensation number of stock award forfeited                           58,000        
Restricted Stock [Member] | Executive Officers [Member] | September 2018 [Member] | Below $15 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Performance target, per share                           $ 15        
Vesting percentage                           0.00%        
Restricted Stock [Member] | Executive Officers [Member] | September 2018 [Member] | At or above $15 and below $19 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Vesting percentage                           33.00%        
Restricted Stock [Member] | Executive Officers [Member] | September 2018 [Member] | At or above $19 and below $23 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Vesting percentage                           66.00%        
Restricted Stock [Member] | Executive Officers [Member] | September 2018 [Member] | At or above $23 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Performance target, per share                           $ 23        
Vesting percentage                           100.00%        
Restricted Stock [Member] | Executive Officers [Member] | August 2017 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Number of stock options awarded                           210,000        
Strike price                           $ 0        
Percentage of increase target price                           35.00%        
Closing price, per share                           $ 9.38        
Restricted Stock [Member] | Executive Officers [Member] | August 2017 [Member] | Below $15 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Performance target, per share                           $ 15        
Vesting percentage                           0.00%        
Restricted Stock [Member] | Executive Officers [Member] | August 2017 [Member] | At or above $15 and below $19 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Vesting percentage                           33.00%        
Restricted Stock [Member] | Executive Officers [Member] | August 2017 [Member] | At or above $19 and below $23 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Vesting percentage                           66.00%        
Restricted Stock [Member] | Executive Officers [Member] | August 2017 [Member] | At or above $23 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Performance target, per share                           $ 23        
Vesting percentage                           100.00%        
Restricted Stock [Member] | Executive Officers [Member] | August 2017 [Member] | Market And Time-based Vesting [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Share based compensation number of stock awarded                 210,000                  
Restricted Stock [Member] | Executive Officers [Member] | August 2016 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Number of stock options awarded                           350,000        
Number of shares forfeited                             150,000      
Stock Based Compensation Reversed Shares                             150,000      
Restricted Stock [Member] | Executive Officers [Member] | August 2016 [Member] | One-Third Shares Vest 2019 Fundamental EPS [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Fundamental EPS, to be achieved                             $ 2.6      
Restricted Stock [Member] | Executive Officers [Member] | August 2016 [Member] | Two-Thirds Shares Vest 2019 Fundamental EPS [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Fundamental EPS, to be achieved                             2.8      
Restricted Stock [Member] | Executive Officers [Member] | August 2016 [Member] | All Shares Vest 2019 Fundamental EPS [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Fundamental EPS, to be achieved                             $ 3      
Restricted Stock [Member] | Executive Officers [Member] | August 2016 [Member] | Scenario Forecast [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Number of shares forfeited 150,000                                  
Restricted Stock [Member] | Executive Officers [Member] | February 2020 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Number of stock options awarded                           454,400        
Share based compensation number of stock award forfeited                           267,200        
Restricted Stock [Member] | Executive Officers [Member] | February 2020 [Member] | Time-Based Vesting [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Share based compensation number of stock awarded           113,600                        
Restricted Stock [Member] | Executive Officers [Member] | February 2020 [Member] | Performance And Time-Based Vesting [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Share based compensation number of stock awarded           454,400                        
Restricted Stock [Member] | Executive Officers [Member] | February 2020 [Member] | Market And Time-based Vesting [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Share based compensation number of stock awarded           148,000                        
Restricted Stock [Member] | Executive Officers [Member] | February 2020 [Member] | Vest Upon Mr. Kotze Separation [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Share-based compensation arrangement acceletrated vesting number           66,800                        
Restricted Stock [Member] | Non-Employee Directors [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Share based compensation, vesting period                               1 year 3 years  
Vested number of shares of restricted stock                               56,250    
Restricted Stock [Member] | Non-Employee Directors [Member] | August 2017 [Member] | 100% Vest [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Vested number of shares of restricted stock                               56,250    
Restricted Stock [Member] | Non-Employee Directors [Member] | August 2017 [Member] | Vest If Recipient Was Director On August 23, 2018 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Vested number of shares of restricted stock                             52,594      
Share based compensation number of stock awarded                 52,594                  
Restricted Stock [Member] | Executive Officers And Employees [Member] | Market Conditions Were Not Achieved [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Share based compensation number of stock award forfeited                               95,326    
Restricted Stock [Member] | Executive Officers And Employees [Member] | Performance Conditions Were Not Achieved [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Share based compensation number of stock award forfeited                               173,262    
Restricted Stock [Member] | Executive Officers And Employees [Member] | August 2017 [Member] | Time-Based Vesting [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Share based compensation number of stock awarded                 326,000                  
Restricted Stock [Member] | Employees [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Number of stock options awarded                       71,530 127,626          
Strike price                           $ 0        
Expected volatility calculation term                           30 days        
Percentage of increase target price         20.00%                          
Expected volatility                       63.73% 76.01%          
Expected life (in years)                       3 years 3 years          
Risk-free rate                       1.21% 1.27%          
Future dividends                       $ 0 $ 0          
Restricted Stock [Member] | Employees [Member] | Termination Which Either Performance Or Market Conditions [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Share based compensation number of stock award forfeited                               30,635    
Restricted Stock [Member] | Employees [Member] | Termination [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Share based compensation number of stock award forfeited                           17,500   3,000    
Restricted Stock [Member] | Employees [Member] | August 2015 Awards [Member] | One-Third Shares Vest 2018 Fundamental EPS [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Fundamental EPS, to be achieved                               $ 2.88    
Restricted Stock [Member] | Employees [Member] | August 2015 Awards [Member] | Two-Thirds Shares Vest 2018 Fundamental EPS [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Fundamental EPS, to be achieved                               3.3    
Restricted Stock [Member] | Employees [Member] | August 2015 Awards [Member] | All Shares Vest 2018 Fundamental EPS [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Fundamental EPS, to be achieved                               $ 3.76    
Restricted Stock [Member] | Employees [Member] | Time-Based Vesting [Member] | Termination [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Share based compensation number of stock award forfeited                             115,500      
Restricted Stock [Member] | Employees [Member] | May 2018 [Member] | Vest If Recipient Employed On Full Time Basis On August 23, 2020 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Share based compensation number of stock awarded             7,000                      
Restricted Stock [Member] | Chief Financial Officer [Member] | March 2018 [Member] | Subject To Continued Employment Tranche One[Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Vested number of shares of restricted stock       11,409                            
Restricted Stock [Member] | Chief Financial Officer [Member] | March 2018 [Member] | Subject To Continued Employment Tranche Two [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Vested number of shares of restricted stock     11,408                              
Restricted Stock [Member] | Chief Financial Officer [Member] | March 2018 [Member] | Subject To Continued Employment [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Vested number of shares of restricted stock     22,817                              
Share based compensation number of stock awarded               22,817                    
Restricted Stock [Member] | Employees And Former Chief Executive Officer [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Share based compensation number of stock award forfeited                                 205,470  
Restricted Stock [Member] | Former Chief Executive Officer [Member] | August 2016 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Share-based compensation arrangement acceletrated vesting number                   200,000                
Fundamental EPS 2018 [Member] | August 2015 Awards [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Fundamental EPS, linear interpolation                           $ 3.3        
Fundamental EPS 2018 [Member] | August 2015 Awards [Member] | Not Achieving 2018 Fundamental EPS [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Number of common stock shares that will impact fundamental EPS calculation                     10,000,000              
Minimum [Member] | August 2016 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Fundamental EPS                             $ 2.6      
Minimum [Member] | Restricted Stock [Member] | August 2017 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Risk-free rate                           1.275%        
Minimum [Member] | Restricted Stock [Member] | Executive Officers [Member] | September 2018 [Member] | At or above $15 and below $19 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Performance target, per share                           $ 15        
Minimum [Member] | Restricted Stock [Member] | Executive Officers [Member] | September 2018 [Member] | At or above $19 and below $23 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Performance target, per share                           19        
Minimum [Member] | Restricted Stock [Member] | Executive Officers [Member] | August 2017 [Member] | At or above $15 and below $19 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Performance target, per share                           19        
Minimum [Member] | Restricted Stock [Member] | Executive Officers [Member] | August 2017 [Member] | At or above $19 and below $23 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Performance target, per share                           15        
Minimum [Member] | Restricted Stock [Member] | Employees [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Closing price, per share         $ 11.23                          
Minimum [Member] | Fundamental EPS 2018 [Member] | August 2015 Awards [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Fundamental EPS                           $ 2.88        
Maximum [Member] | August 2016 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Fundamental EPS                             $ 3      
Maximum [Member] | Restricted Stock [Member] | August 2017 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Risk-free rate                           1.657%        
Maximum [Member] | Restricted Stock [Member] | Executive Officers [Member] | September 2018 [Member] | At or above $15 and below $19 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Performance target, per share                           $ 19        
Maximum [Member] | Restricted Stock [Member] | Executive Officers [Member] | September 2018 [Member] | At or above $19 and below $23 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Performance target, per share                           23        
Maximum [Member] | Restricted Stock [Member] | Executive Officers [Member] | August 2017 [Member] | At or above $15 and below $19 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Performance target, per share                           23        
Maximum [Member] | Restricted Stock [Member] | Executive Officers [Member] | August 2017 [Member] | At or above $19 and below $23 [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Performance target, per share                           19        
Maximum [Member] | Restricted Stock [Member] | Employees [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Closing price, per share         $ 19.41                          
Maximum [Member] | Fundamental EPS 2018 [Member] | August 2015 Awards [Member]                                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                    
Fundamental EPS                           $ 3.76