Stock-Based Compensation	6 Months Ended
Dec. 31, 2021
Stock-Based Compensation [Abstract]
Stock-Based Compensation	8. STOCK-BASED COMPENSATION The Company accounts for its stock-based compensation plans in accordance with ASC 718, Stock Compensation, which requires the Company to measure all share-based payments at grant date fair value and recognize the cost over the requisite service period. Restricted shares and restricted stock units (“RSUs”) generally vest over 1 to 3 years. Stock options are granted at an exercise price equal to the fair value of the Company’s common stock price at the grant date and are exercisable for up to 10 years upon vesting. Stock-based compensation is included in selling, general and administrative, and restructuring expenses on the Consolidated Statements of Income. The stock-based compensation expense included in the restructuring expense was for retention RSUs in connection with the Company’s restructuring plan. Forfeitures are recognized as incurred. The following table is a summary of total stock-based compensation expenses for the three and six months ended December 31, 2021. Three Months Ended Six Months Ended December 31, December 31,(in thousands) 2021 2020 2021 2020Total stock-based compensation expense $ 1,020 $ 1,029 $ 2,182 $ 1,983 The Company has two stock-based compensation plans available for granting awards to employees and directors. (1) Long-Term Incentive Compensation Plan (“LTIP”) The LTIP provides for performance stock units (“PSUs”) to be awarded to officers and key employees based on performance goals set by the Compensation Committee of the Board of Directors (the “Committee”). For awards under the LTIP for the three years ending June 30, 2022, 2023, and 2024, participants may earn one-third of the award in each of the three years based on meeting performance goals for that year. The Committee selected Adjusted Earnings Before Interest and Tax with a defined percentage growth in fiscal years 2022, 2023, and 2024 as the performance metric. In conjunction with each grant of PSUs, the Committee grants RSUs under the 2013 Omnibus Stock Plan that vest at the end of three years. The table below sets forth, as of December 31, 2021, the number of unvested PSUs granted at the target performance level for the 2020-2022, 2021-2023, and 2022-2024 performance periods under the LTIP and the number of unvested RSUs granted in conjunction with the PSUs: Time-Based Vest (RSUs) Performance-Based Vest (PSUs) Total Weighted Average Weighted Average Weighted Average Fair Value Fair Value Fair Value(shares in thousands) Shares Per Share Shares Per Share Shares Per ShareUnvested as June 30, 2021 107 $ 13.89 142 $ 13.36 249 $ 13.59Granted 27 42.50 40 42.50 67 42.50Forfeited (3) 39.49 (4) 39.49 (7) 39.49Unvested as of December 31, 2021 131 $ 19.25 178 $ 19.39 309 $ 19.33 Total unrecognized stock-based compensation related to the unvested PSUs at the target performance level and the related unvested RSUs was $3.05 million as of December 31, 2021, which is expected to be recognized over a weighted-average period of 1.4 years. (2) 2013 Omnibus Stock Plan The 2013 Omnibus Stock Plan is for key employees, officers and directors and provides for the granting of incentive and nonqualified stock options, restricted stock, restricted stock units, stock appreciation rights, and performance units. Restricted shares and RSUs A summary of the activity in the Company’s unvested restricted shares and unvested RSUs (not granted in conjunction with PSUs) during the six months ended December 31, 2021, is as follows: Weighted Average Shares Fair Value (in thousands) Per ShareUnvested as of June 20, 2021 56 $ 26.81Granted 3 42.50Vested (18) 28.22Forfeited (3) 19.98Unvested as of December 31, 2021 38 $ 27.81 Total unrecognized stock-based compensation related to unvested restricted shares and unvested RSUs (not granted in conjunction with the PSUs) was $0.6 million as of December 31, 2021, which is expected to be recognized over a weighted-average period of 1.3 years. Options A summary of the activity of the Company’s stock option plans as of December 31, 2021, is presented below: Weighted Shares Average (in thousands) Exercise PriceOutstanding at June 30, 2021 232 $ 21.91Granted — —Exercised (8) 15.75Canceled (9) 36.58Outstanding at December 31, 2021 215 $ 21.50 The following table summarizes information for options outstanding at December 31, 2021: Options Weighted AverageRange of Outstanding Remaining ExercisePrices (in thousands) Life (Years) Price$ 9.97 - 15.14 97 8.2 $ 12.64 18.30 - 19.72 12 5.3 18.99 21.96 - 27.57 58 5.3 24.21 31.06 - 32.80 32 4.4 32.30 43.09 - 47.45 16 4.8 45.42$ 9.97 - 47.45 215 6.4 $ 21.50 The total unrecognized stock-based compensation expense related to options was $0.10 million as of December 31, 2021, which is expected to be recognized over a weighted-average period of 1.2 years. Stock-based compensation granted outside a plan During the quarter ended June 30, 2020, the Company awarded its Chief Financial Officer/Chief Operating Officer 79,000 options outside of any Company stock plans. The total unrecognized stock-based compensation expense related to options awarded outside a plan was $0.04 million as of December 31, 2021, which is expected to be recognized over 1.3 years.

Stock-Based Compensation

6 Months Ended

Dec. 31, 2021

8. STOCK-BASED COMPENSATION The Company accounts for its stock-based compensation plans in accordance with ASC 718, Stock Compensation, which requires the Company to measure all share-based payments at grant date fair value and recognize the cost over the requisite service period. Restricted shares and restricted stock units (“RSUs”) generally vest over 1 to 3 years. Stock options are granted at an exercise price equal to the fair value of the Company’s common stock price at the grant date and are exercisable for up to 10 years upon vesting. Stock-based compensation is included in selling, general and administrative, and restructuring expenses on the Consolidated Statements of Income. The stock-based compensation expense included in the restructuring expense was for retention RSUs in connection with the Company’s restructuring plan. Forfeitures are recognized as incurred. The following table is a summary of total stock-based compensation expenses for the three and six months ended December 31, 2021. Three Months Ended Six Months Ended December 31, December 31,(in thousands) 2021 2020 2021 2020Total stock-based compensation expense $ 1,020 $ 1,029 $ 2,182 $ 1,983 The Company has two stock-based compensation plans available for granting awards to employees and directors. (1) Long-Term Incentive Compensation Plan (“LTIP”) The LTIP provides for performance stock units (“PSUs”) to be awarded to officers and key employees based on performance goals set by the Compensation Committee of the Board of Directors (the “Committee”). For awards under the LTIP for the three years ending June 30, 2022, 2023, and 2024, participants may earn one-third of the award in each of the three years based on meeting performance goals for that year. The Committee selected Adjusted Earnings Before Interest and Tax with a defined percentage growth in fiscal years 2022, 2023, and 2024 as the performance metric. In conjunction with each grant of PSUs, the Committee grants RSUs under the 2013 Omnibus Stock Plan that vest at the end of three years. The table below sets forth, as of December 31, 2021, the number of unvested PSUs granted at the target performance level for the 2020-2022, 2021-2023, and 2022-2024 performance periods under the LTIP and the number of unvested RSUs granted in conjunction with the PSUs: Time-Based Vest (RSUs) Performance-Based Vest (PSUs) Total Weighted Average Weighted Average Weighted Average Fair Value Fair Value Fair Value(shares in thousands) Shares Per Share Shares Per Share Shares Per ShareUnvested as June 30, 2021 107 $ 13.89 142 $ 13.36 249 $ 13.59Granted 27 42.50 40 42.50 67 42.50Forfeited (3) 39.49 (4) 39.49 (7) 39.49Unvested as of December 31, 2021 131 $ 19.25 178 $ 19.39 309 $ 19.33 Total unrecognized stock-based compensation related to the unvested PSUs at the target performance level and the related unvested RSUs was $3.05 million as of December 31, 2021, which is expected to be recognized over a weighted-average period of 1.4 years. (2) 2013 Omnibus Stock Plan The 2013 Omnibus Stock Plan is for key employees, officers and directors and provides for the granting of incentive and nonqualified stock options, restricted stock, restricted stock units, stock appreciation rights, and performance units. Restricted shares and RSUs A summary of the activity in the Company’s unvested restricted shares and unvested RSUs (not granted in conjunction with PSUs) during the six months ended December 31, 2021, is as follows: Weighted Average Shares Fair Value (in thousands) Per ShareUnvested as of June 20, 2021 56 $ 26.81Granted 3 42.50Vested (18) 28.22Forfeited (3) 19.98Unvested as of December 31, 2021 38 $ 27.81 Total unrecognized stock-based compensation related to unvested restricted shares and unvested RSUs (not granted in conjunction with the PSUs) was $0.6 million as of December 31, 2021, which is expected to be recognized over a weighted-average period of 1.3 years. Options A summary of the activity of the Company’s stock option plans as of December 31, 2021, is presented below: Weighted Shares Average (in thousands) Exercise PriceOutstanding at June 30, 2021 232 $ 21.91Granted — —Exercised (8) 15.75Canceled (9) 36.58Outstanding at December 31, 2021 215 $ 21.50 The following table summarizes information for options outstanding at December 31, 2021: Options Weighted AverageRange of Outstanding Remaining ExercisePrices (in thousands) Life (Years) Price$ 9.97 - 15.14 97 8.2 $ 12.64 18.30 - 19.72 12 5.3 18.99 21.96 - 27.57 58 5.3 24.21 31.06 - 32.80 32 4.4 32.30 43.09 - 47.45 16 4.8 45.42$ 9.97 - 47.45 215 6.4 $ 21.50 The total unrecognized stock-based compensation expense related to options was $0.10 million as of December 31, 2021, which is expected to be recognized over a weighted-average period of 1.2 years. Stock-based compensation granted outside a plan During the quarter ended June 30, 2020, the Company awarded its Chief Financial Officer/Chief Operating Officer 79,000 options outside of any Company stock plans. The total unrecognized stock-based compensation expense related to options awarded outside a plan was $0.04 million as of December 31, 2021, which is expected to be recognized over 1.3 years.