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Share-based Compensation (Tables)
3 Months Ended
Sep. 30, 2012
Share-based Compensation.  
Schedule of share-based compensation costs recognized in the entity's statements of income, substantially all of which is reflected in the selling, general and administrative expense line

 

Three months ended September 30,

 

(In thousands)

 

2012

 

2011

 

Share-based compensation

 

 

 

 

 

Stock options

 

$

315

 

$

389

 

Employee stock purchase plan

 

$

27

 

$

9

 

Restricted stock

 

$

314

 

$

273

 

Tax benefit at statutory rate

 

$

23

 

$

38

 

Schedule of weighted average assumptions used to estimate fair values of the stock options granted and the estimated annual forfeiture rates used to recognize the associated compensation expense

 

Incentive
Stock
Options
FY 2013

 

Non-
qualified
Stock
Options
FY 2013

 

Incentive
Stock
Options
FY 2012

 

Non-
qualified
Stock
Options
FY 2012

 

Risk-free interest rate

 

%

%

0.3

%

0.1

%

Expected volatility

 

%

%

63.6

%

63.9

%

Expected dividend yield

 

%

%

%

%

Forfeiture rate

 

%

%

7.50

%

7.50

%

Expected term (in years)

 

 

 

5.2 years

 

5.1 years

 

Weighted average fair value

 

$

 

$

 

$

1.99

 

$

1.94

 

 

Schedule of options outstanding that have vested and are expected to vest

(In thousands, except weighted average price and life data)

 

Awards

 

Weighted
Average
Exercise
Price

 

Aggregate
Intrinsic
Value

 

Weighted
Average
Remaining
Contractual
Life (yrs.)

 

Options vested

 

1,872

 

$

7.23

 

$

768

 

4.74

 

Options expected to vest

 

679

 

$

4.55

 

$

561

 

8.44

 

Total vested and expected to vest

 

2,551

 

$

6.51

 

$

1,329

 

5.73

 

 

Summary of stock option award activity

 

 

Incentive Stock Options

 

Nonqualified Stock Options

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

Weighted-

 

 

 

Average

 

 

 

Weighted-

 

 

 

Average

 

 

 

 

 

Average

 

Aggregate

 

Remaining

 

 

 

Average

 

Aggregate

 

Remaining

 

 

 

 

 

Exercise

 

Intrinsic

 

Contractual

 

 

 

Exercise

 

Intrinsic

 

Contractual

 

(In thousands, except for weighted average price and life data)

 

Awards

 

Price

 

Value

 

Life (yrs.)

 

Awards

 

Price

 

Value

 

Life (yrs.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at July 1, 2012

 

1,871

 

$

5.26

 

$

 

 

 

 

877

 

$

8.89

 

 

 

 

 

Granted

 

 

$

 

 

 

 

 

 

$

 

 

 

 

 

Exercised

 

(44

)

$

4.06

 

$

35

 

 

 

 

$

 

$

 

 

 

Forfeited, expired or repurchased

 

(73

)

$

6.40

 

 

 

 

 

(21

)

$

7.23

 

 

 

 

 

Outstanding at September 30, 2012

 

1,754

 

$

5.24

 

$

1,127

 

6.7

 

856

 

$

8.93

 

$

266

 

4.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2012 and not yet vested

 

695

 

$

4.42

 

$

603

 

8.5

 

43

 

$

5.59

 

$

22

 

7.8

 

Exercisable at September 30, 2012

 

1,059

 

$

5.78

 

$

524

 

5.5

 

813

 

$

9.11

 

$

244

 

3.8

 

 

 

 

 

Incentive Stock Options

 

Nonqualified Stock Options

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

Weighted-

 

 

 

Average

 

 

 

Weighted-

 

 

 

Average

 

 

 

 

 

Average

 

Aggregate

 

Remaining

 

 

 

Average

 

Aggregate

 

Remaining

 

 

 

 

 

Exercise

 

Intrinsic

 

Contractual

 

 

 

Exercise

 

Intrinsic

 

Contractual

 

(In thousands, except for weighted average price and life data)

 

Awards

 

Price

 

Value

 

Life (yrs.)

 

Awards

 

Price

 

Value

 

Life (yrs.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at July 1, 2011

 

1,196

 

$

6.19

 

 

 

 

 

749

 

$

9.77

 

 

 

 

 

Granted

 

702

 

$

3.52

 

 

 

 

 

119

 

$

3.65

 

 

 

 

 

Exercised

 

 

$

 

$

 

 

 

 

$

 

$

 

 

 

Forfeited, expired or repurchased

 

(11

)

$

5.66

 

 

 

 

 

 

$

 

 

 

 

 

Outstanding at September 30, 2011

 

1,887

 

$

5.20

 

$

396

 

7.6

 

868

 

$

8.93

 

$

63

 

5.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2011 and not yet vested

 

1,036

 

$

4.54

 

$

320

 

9.3

 

181

 

$

4.79

 

$

31

 

9.3

 

Exercisable at September 30, 2011

 

851

 

$

6.00

 

$

76

 

5.5

 

687

 

$

10.03

 

$

32

 

3.9

 

Summary of nonvested restricted stock awards

(In thousands)

 

Awards

 

Weighted
Average Grant -
date Fair Value

 

 

 

 

 

 

 

Nonvested at July 1, 2012

 

74

 

$

515

 

Granted

 

38

 

190

 

Vested

 

(38

)

(190

)

Forfeited

 

(1

)

(12

)

Nonvested at September 30, 2012

 

73

 

$

503

 

 

 

 

 

 

 

Nonvested at July 1, 2011

 

155

 

$

1,076

 

Granted

 

30

 

107

 

Vested

 

(37

)

(153

)

Forfeited

 

 

 

Nonvested at September 30, 2011

 

148

 

$

1,030