EQUITY COMPENSATION PLANS (Tables)

12 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement [Abstract]

Fair Value Measurement Inputs and Valuation Techniques

The assumptions used in the Monte Carlo simulation method are set forth in the following table.

	Time-Based Incentive Units
Expected volatility range of stock	60.0%–65.0%
Expected life of option, range in years	0.67–0.75
Risk-free interest range rate	0.09%–0.12%
Expected dividend yield on stock	0%

The weighted average grant date fair value was estimated by the Company using the Black-Scholes option pricing model with the assumptions below:

Weighted average exercise price per option	$23.00 - $35.16
Expected volatility range of stock	42.5%
Expected life of option (in years)	5.85
Risk-free interest rate	0.81% - 2.41%
Expected dividend yield on stock	0%
Fair value per option	$9.36 - $14.51

Share-based Payment Arrangement, Activity

The following table presents the MEP incentive unit activity:

	Time-Based Incentive Units					Modified MEP Incentive Units
In thousands, except unit and per unit data	Number of Units	Weighted Average Floor Price		Weighted Average Fair Value		Number of Units	Weighted Average Floor Price		Weighted Average Fair Value
Outstanding at June 30, 2021	38,079	$	578	$	442	36,879	$	593	$	379
Granted	—	—		—		—	—		—
Forfeited	(1,023)	1,131		406		(2,144)	665		1,346
Outstanding at June 30, 2022	37,056	$	563	$	443	34,735	$	589	$	1,423

Share-based Payment Arrangement, Option, Activity

The following table summarizes option activity for the fiscal year ended June 30, 2022:

In thousands, except unit and per unit data	Options Outstanding	Weighted Average Exercise Price		Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Term (In Years)	Aggregate Intrinsic Value
Outstanding at June 30, 2021	—	$	—	$	—	—	$	—
Granted	1,159,520	23.17		9.45		9.07	—
Exercised	—	—		—		—	—
Forfeited and cancelled	(46,741)	23.00		9.36		—	—
Outstanding at June 30, 2022	1,112,779	$	23.18	$	9.45	9.07	$	3,265
Exercisable as of June 30, 2022	—	$	—	$	—	—	$	—

Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

In thousands, except unit and per unit data	Number of Units	Weighted Average Grant Price
Outstanding, unvested at June 30, 2021	—	$	—
Conversion of LTIP Units	1,761,578	27.01
Granted	1,605,666	29.97
Vested	(701,638)	27.04
Forfeited	(260,122)	28.82
Outstanding, unvested grants at June 30, 2022	2,405,484	$	28.78