XML 51 R37.htm IDEA: XBRL DOCUMENT v3.25.2
Stock-Based Compensation (Tables)
12 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Components of Stock-Based Compensation Expense
The following tables summarize the components of stock-based compensation expense recognized in the Company’s consolidated statements of comprehensive income, both by line item and by plan:
Year ended June 30,
($000s)202520242023
Cost of services$508 $76 $298 
Selling, general and administrative4,924 3,689 4,308 
Total stock-based compensation expense$5,432 $3,765 $4,606 
Year ended June 30,
($000s)202520242023
Phantom Stock Plans$1,698 $(152)$800 
2018 Restricted Share Plan— (7)
2020 Long Term Incentive Plan3,734 3,917 3,813 
Total stock-based compensation expense$5,432 $3,765 $4,606 
Summary of Stock Option Activity
The following table summarizes the phantom stock option activity for the year ended June 30, 2025:
Share optionsWeighted
Average
Exercise Price
Weighted Average
Remaining
Contractual Term (years)
Aggregate intrinsic
value
(thousands)
Outstanding as of June 30, 2024258,251 $20.68 7.86$113 
Granted10,400 29.43 9.95$— 
Exercised(56,239)20.65 6.06372 
Forfeited / expired(17,043)17.84 8.46$— 
Outstanding as of June 30, 2025195,369$21.40 7.12$1,504 
Vested and exercisable as of June 30, 2025124,347$21.11 6.35$994 
The following table summarizes the stock option activity for the year ended June 30, 2025:
Share optionsWeighted
Average
Exercise Price
Weighted Average
Remaining
Contractual Term
(years)
Aggregate intrinsic
value
(thousands)
Outstanding as of June 30, 2024956,383 $18.31 7.25$962 
Exercised(271,539)15.85 5.602,579 
Forfeited / expired(37,994)19.29 6.53— 
Outstanding as of June 30, 2025646,850$19.28 6.50$6,352 
Vested and exercisable as of June 30, 2025454,253$18.83 5.93$4,667 
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.
Year ended June 30,
202520242023
Expected term
1.33 - 6.94 years
1.40 - 6.12 years
1.40 - 6.12 years
Expected volatility
39.43% - 47.77%
36.12% - 37.87%
33.41% - 36.33%
Expected dividend yield0.00%0.00%0.00%
Risk-free interest rate
3.69% - 3.97%
4.33% - 4.90%
4.05% - 4.87%
We use the Black-Scholes model to determine the grant-date fair value of the stock options, which was estimated using the following assumptions:
Year ended June 30,
20242023
Expected term
6.12 years
6.12 years
Expected volatility
35.49% - 35.87%
32.89% - 33.39%
Expected dividend yield0.00%0.00%
Risk-free interest rate
4.24% to 4.33%
3.75% to 4.11%
The Company used a Monte Carlo model to calculate the fair value of the TSR Awards using the following assumptions:

Weighted average remaining performance period
(Years)
Expected volatilityExpected dividend yieldRisk-free interest rate
2025 Awards1.644%0.00%
4.2% to 4.4%
Schedule of Unvested RSU, PSU, and TSR Awards Activity
A summary of the unvested RSU, PRSU, and TSR Awards activity for the year ended June 30, 2025 is as follows:
SharesWeighted Average
Grant Date
Fair Value
Unvested as of June 30, 2024571,381 $16.35 
Granted231,719 22.55 
Vested(9,375)19.95 
Forfeitures / cancellations / expirations(30,958)16.28 
Unvested as of June 30, 2025762,767$18.19