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Restricted Stock
 6 Months Ended
Dec. 31, 2016
Restricted Stock [Abstract]  
Restricted Stock
12. Restricted Stock

Under the Company’s equity incentive plan, during the six months ended December 31, 2015 the Company issued fully vested restricted stock awards (“RSAs”) to certain non-employee directors electing to receive them in lieu of an annual cash retainer. In addition, restricted stock units (“RSUs”) can be issued to eligible employees.
 
RSA and RSU activity for the six months ended December 31, 2016 and 2015 is as follows (in thousands):

  
Six Months Ended
December 31,
 
  
2016
  
2015
 
Beginning outstanding
  
1,927
   
1,452
 
Awarded
  
1,145
   
970
 
Released
  
(552
)
  
(479
)
Forfeited
  
(184
)
  
(111
)
Ending outstanding
  
2,336
   
1,832
 

Information regarding RSAs and RSUs outstanding at December 31, 2016 is summarized below:

  
Number of Shares
(thousands)
  
Weighted Average
Remaining
Contractual Lives
  
Aggregate Intrinsic
Value
(thousands)
 
Shares outstanding
  
2,336
   
1.75
  
$
16,703
 
Shares expected to vest
  
1,363
   
1.41
  
$
9,746