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Share Based Compensation (Tables)
 12 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Components of Share-Based Compensation Expense
The following tables summarize the components of share-based compensation expense recognized in the Company’s consolidated statements of comprehensive income, both by line item and by plan:
Year ended June 30,
202420232022
Cost of services$76 $298 $105 
Selling, general and administrative3,689 4,308 1,746 
Total stock compensation expense$3,765 $4,606 $1,851 
Year ended June 30,
202420232022
Phantom Stock Plans$(152)$800 $33 
2018 Restricted Share Plan—(7)6 
2020 Long Term Incentive Plan3,917 3,813 1,812 
Total stock compensation expense$3,765 $4,606 $1,851 
Summary of Stock Option Activity
The following table summarizes the phantom stock option activity for the year ended June 30, 2024:
Share optionsWeighted
Average
Exercise Price		Weighted Average
Remaining
Contractual Term (years)		Aggregate intrinsic
value
(thousands)
Outstanding as of June 30, 2023211,350 $22.18 8.38$188 
Granted56,000 15.64 9.76
Exercised(639)6.81 3.657 
Forfeited / expired(8,460)25.88 8.51
Outstanding as of June 30, 2024258,251$20.68 7.86$113 
Vested and exercisable as of June 30, 2024147,459$20.89 6.84$83 
The following table summarizes the stock option activity for the year ended June 30, 2024:
Share optionsWeighted
Average
Exercise Price		Weighted Average
Remaining
Contractual Term (years)		Aggregate intrinsic
value
(thousands)
Outstanding as of June 30, 2023941,599 $18.78 7.89$3,501 
Granted142,000 15.62 9.75
Exercised(28,548)12.82 6.04101 
Forfeited / expired(98,668)19.45 7.74
Outstanding as of June 30, 2024956,383$18.31 7.25$962 
Vested and exercisable as of June 30, 2024635,935$17.29 6.46$850 
Schedule of Estimates and Assumptions in Valuation These include the price per share, expected term, expected volatility, expected dividend yield and the risk-free interest rate.
June 30,
2024		June 30,
2023		June 30,
2022
Expected term
1.40 - 6.12 years
1.40 - 6.12 years
1.40 - 5.66 years
Expected volatility
36.12% - 37.87%
33.41% - 36.33%
32.60% - 37.20%
Expected dividend yield0.00%0.00%0.00%
Risk-free interest rate
4.33% - 4.90%
4.05% to 4.87%
3.01% - 3.03%
We use the Black-Scholes model to determine the grant-date fair value of the stock options, which was estimated using the following assumptions:
June 30,
2024		June 30,
2023		June 30,
2022
Expected term
6.12 years
6.12 years
6.08 - 7.00 years
Expected volatility
35.49% - 35.87%
32.89% - 33.39%
31.30% - 31.54%
Expected dividend yield0.00%0.00%0.00%
Risk-free interest rate
4.24% to 4.33%
3.75% to 4.11%
1.28% to 2.00%
Summary of Unvested RSA Activity
A summary of the unvested RSAs is as follows:
SharesWeighted Average
Grant Date
Fair Value
Unvested as of June 30, 20236,284 $0.61 
Granted— — 
Vested(6,284)0.61
Forfeitures / cancellations / expirations— — 
Unvested as of June 30, 2024—$— 
Summary of Restricted Stock Unit Activity
A summary of the unvested RSU and PRSU activity for the year ended June 30, 2024 is as follows:
SharesWeighted Average
Grant Date
Fair Value
Unvested as of June 30, 2023545,181 $16.28 
Granted50,000 17.13 
Vested(14,902)16.28 
Forfeitures / cancellations / expirations(8,898)16.28 
Unvested as of June 30, 2024571,381$16.35