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Stockholders Equity (Tables)
12 Months Ended
Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Compensation Expense for Share-based Compensation Awards
Total following table presents the compensation expense for share-based awards included in our consolidated statements of operations for fiscal 2017, 2016 and 2015:
 
Fiscal Year
(In thousands)
2017
 
2016
 
2015
By Expense Category:
 
Cost of product sales and services
$
208

 
$
154

 
$
151

Research and development
138

 
110

 
108

Selling and administrative
1,765

 
1,572

 
1,928

Total share-based compensation expense
$
2,111

 
$
1,836

 
$
2,187

By Types of Award:
 
 
 
 
 
Options
$
260

 
$
837

 
$
1,459

Restricted stock awards and units
1,473

 
933

 
688

Performance share awards and units and market-based stock units
378

 
66

 
40

Total share-based compensation expense
$
2,111

 
$
1,836

 
$
2,187


The following table summarizes the unamortized compensation expense and the remaining years over which such expense would be expected to be recognized, on a weighted-average basis, by type of award:
 
 
June 30, 2017
 
 
Unamortized Expense
 
Weighted Average Remaining Recognition Period
 
 
(In thousands)
 
(Years)
Options
 
$
152

 
1.09
Restricted stock awards and units
 
$
2,485

 
1.79
Performance share awards and units and market-based stock units
 
$
900

 
1.50
Schedule of Stock Options Activities
A summary of the combined stock option activity under our equity plans during fiscal 2017 is as follows:
 
Shares
 
Weighted
Average
Exercise Price
 
Weighted
Average
Remaining
Contractual
Life
 
Aggregate
Intrinsic
Value
 
 
 
 
 
(Years)
 
(In thousands)
Options outstanding as of July 1, 2016
448,359

 
$
32.95

 
3.37
 
 
Granted

 
N/A

 
 
 
 
Exercised
(573
)
 
$
14.88

 
 
 
 
Forfeited
(34,282
)
 
$
33.50

 
 
 
 
Expired
(40,799
)
 
$
74.40

 
 
 
 
Options outstanding as of June 30, 2017
372,705

 
$
28.39

 
2.72
 
$
167

Options vested and expected to vest as of June 30, 2017
372,705

 
$
28.39

 
2.72
 
$
167

Options exercisable as of June 30, 2017
348,506

 
$
29.30

 
2.59
 
$
118

Schedule of Stock Options Valuation Assumptions
A summary of the significant weighted average assumptions we used in the Black-Scholes valuation model is as follows:
 
Fiscal Year
 
2015
Expected dividends
%
Expected volatility
53.9
%
Risk-free interest rate
1.13
%
Expected term (years)
4.25

Weighted average grant date fair value per share granted
$
6.60

Stock Options Outstanding and Exercisable
The following summarizes all of our stock options outstanding and exercisable as of June 30, 2017:
 
 
 
Options Outstanding
 
Options Exercisable
Actual Range of Exercise Prices
Number
Outstanding
 
Weighted
Average
Remaining
Contractual
Life
 
Weighted
Average
Exercise Price
 
Number
Exercisable
 
Weighted
Average
Exercise Price
 
 
 
 
 
(Years)
 
 
 
 
 
 
$14.88
$15.60
82,615

 
4.59
 
$
15.38

 
58,416

 
$
15.38

$20.64
$27.36
83,863

 
2.56
 
$
26.17

 
83,863

 
$
26.17

$27.72
$30.72
70,725

 
1.64
 
$
29.28

 
70,725

 
$
29.28

$31.20
$31.20
74,462

 
3.19
 
$
31.20

 
74,462

 
$
31.20

$32.52
$62.16
56,222

 
1.10
 
$
42.33

 
56,222

 
$
42.33

$71.04
$71.04
4,818

 
0.69
 
$
71.04

 
4,818

 
$
71.04

$14.88
$71.04
372,705

 
2.72
 
$
28.39

 
348,506

 
$
29.30

Additional Information of Stock Options
Additional information related to our stock options is summarized below:
 
Fiscal Year
(In thousands)
2017
 
2016
 
2015
Intrinsic value of options exercised
$
3

 
$

 
$

Fair value of options vested
$
654

 
$
1,395

 
$
1,990

Status of Restricted Stock
A summary of the status of our restricted stock as of June 30, 2017 and changes during fiscal 2017 is as follows:
 
Shares
 
Weighted Average
Grant Date
Fair Value
Restricted stock outstanding as of July 1, 2016
210,596

 
$
12.01

Granted
237,874

 
$
9.66

Vested and released
(55,178
)
 
$
9.40

Forfeited
(14,277
)
 
$
12.29

Restricted stock outstanding as of June 30, 2017
379,015

 
$
10.91

Schedule of Market Condition Award Valuation Assumptions
A summary of the significant weighted average assumptions we used in the Monte Carlo simulation model is as follows:
 
Fiscal Year
 
2017
 
2016
 
2015
Expected Dividends
%
 
%
 
N/A
Expected volatility
58.1
%
 
52.4
%
 
N/A
Risk-free interest rate
1.20
%
 
1.21
%
 
N/A
Weighted average grant date fair value per share granted
$
6.83

 
$
2.56

 
N/A
Status of Performance-based Shares
A summary of the status of our performance shares awards and units as of June 30, 2017 and changes during fiscal 2017 is as follows:
 
Shares
 
Weighted
Average
Grant Date
Fair Value
Performance share awards and units outstanding as of July 1, 2016

 
N/A
Granted
72,941

 
$
9.18

Forfeited

 
N/A
Performance share awards and units outstanding as of June 30, 2017
72,941

 
$
9.18

A summary of the status of our market-based stock units as of June 30, 2017 and changes during fiscal 2017 is as follows:
 
Shares
 
Weighted Average
Grant Date
Fair Value
Market-based stock units outstanding as of July 1, 2016
149,169

 
$
2.56

Granted
50,000

 
$
6.83

Forfeited
(55,845
)
 
$
2.56

Market-based stock units outstanding as of June 30, 2017
143,324

 
$
4.05