Share-Based Compensation (Tables)

9 Months Ended

Mar. 31, 2020

Share-based Payment Arrangement [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

Following are the assumptions used in the Black-Scholes valuation model for NQOs granted during the nine months ended March 31, 2020:

	Nine Months Ended March 31, 2020
Weighted average fair value of NQOs	$	4.68
Risk-free interest rate	1.7		%
Dividend yield	—		%
Average expected term	4.6 years
Expected stock price volatility	35.4		%

Schedule of Share-based Compensation, Stock Options, Activity

The following table summarizes PNQ activity for the nine months ended March 31, 2020:

Outstanding PNQs:	Number of PNQs		Weighted Average Exercise Price ($)	Weighted Average Remaining Life (Years)	Aggregate Intrinsic Value ($ in  thousands)
Outstanding at June 30, 2019	229,961		26.21	1.23	—
Granted	—		—	—	—
Exercised	—		—	—	—
Forfeited	(6,212	)	32.85	—	—
Expired	(210,119	)	25.86	—	—
Outstanding at March 31, 2020	13,630		28.60	2.61	—
Exercisable at March 31, 2020	8,822		26.89	2.23	—

The following table summarizes NQO activity for the nine months ended March 31, 2020:

Outstanding NQOs:	Number of NQOs		Weighted Average Exercise Price ($)	Weighted Average Remaining Life (Years)	Aggregate Intrinsic Value ($ in thousands)
Outstanding at June 30, 2019	198,049		27.35	5.25	40
Granted	447,973		14.44	—	—
Exercised	(10,360	)	12.48	—	28
Forfeited	(112,624	)	26.55	—	—
Expired	(37,342	)	31.43	—	—
Outstanding at March 31, 2020	485,696		15.63	6.42	—
Exercisable at March 31, 2020	20,702		28.16	4.97	—

Schedule of Share-based Compensation, Nonvested Restricted Stock Shares Activity

The following table summarizes restricted stock activity for the nine months ended March 31, 2020:

Outstanding and Nonvested Restricted Stock Awards:	Shares Awarded		Weighted Average Grant Date Fair Value ($)
Outstanding and nonvested at June 30, 2019	32,056		21.10
Granted	83,692		15.26
Vested/Released	(18,298	)	23.98
Cancelled/Forfeited	(10,809	)	20.37
Outstanding and nonvested at March 31, 2020	86,641		15.53

Schedule of Nonvested Performance-Based Restricted Stock Units Activity

The following table summarizes PBRSU activity for the nine months ended March 31, 2020:

Outstanding and Nonvested PBRSUs:	PBRSUs Awarded(1)		Weighted Average Grant Date Fair Value ($)
Outstanding and nonvested at June 30, 2019	51,237		27.69
Granted(1)	81,236		14.46
Vested/Released	—		—
Cancelled/Forfeited	(38,262	)	27.38
Outstanding and nonvested at March 31, 2020	94,211		16.41

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(1) The target number of PBRSUs is presented in the table. Under the terms of the awards, the recipient may earn between 0% and 200% of the target number of PBRSUs depending on the extent to which the Company meets or exceeds the achievement of the applicable financial performance goals.