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Share-based Compensation (Tables)
9 Months Ended
Mar. 31, 2013
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
March 31,

 

Nine Months Ended
March 31,

 

(In thousands)

 

2013

 

2012

 

2013

 

2012

 

Share based compensation

 

 

 

 

 

 

 

 

 

Stock options

 

$

233

 

$

347

 

$

775

 

$

1,074

 

Employee stock purchase plan

 

19

 

27

 

61

 

45

 

Restricted stock

 

 

124

 

356

 

540

 

Tax benefit at statutory rate

 

42

 

31

 

99

 

99

 

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

 

%

1.0

%

1.1

%

1.0

%

Expected volatility

 

%

61.5

%

63.5

%

63.9

%

Expected dividend yield

 

%

%

%

%

Forfeiture rate

 

%

7.50

%

7.50

%

7.50

%

Expected term (in years)

 

 

6.1 years

 

5.2 years

 

5.1 years

 

Weighted average fair value

 

$

 

$

2.36

 

$

2.03

 

$

1.98

 

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

 

1,499

 

$

7.18

 

$

5,964

 

4.99

 

Options expected to vest

 

977

 

$

3.95

 

$

6,023

 

8.98

 

Total vested and expected to vest

 

2,476

 

$

5.90

 

$

11,987

 

6.57

 

Summary of stock option award activity

 

 

Incentive Stock Options

 

Nonqualified Stock Options

 

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

 

Awards

 

Weighted-
Average
Exercise
Price

 

Aggregate
Intrinsic
Value

 

Weighted
Average
Remaining
Contractual
Life (yrs.)

 

Awards

 

Weighted-
Average
Exercise
Price

 

Aggregate
Intrinsic
Value

 

Weighted
Average
Remaining
Contractual
Life (yrs.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at July 1, 2012

 

1,871

 

$

5.26

 

$

 

 

 

 

877

 

$

8.89

 

 

 

 

 

Granted

 

 

$

 

 

 

 

 

542

 

$

4.17

 

 

 

 

 

Exercised

 

(261

)

$

4.92

 

$

627

 

 

 

(76

)

$

6.11

 

$

201

 

 

 

Forfeited, expired or repurchased

 

(197

)

$

7.20

 

 

 

 

 

(183

)

$

9.47

 

 

 

 

 

Outstanding at March 31, 2013

 

1,413

 

$

5.06

 

$

7,359

 

6.6

 

1,160

 

$

6.78

 

$

5,220

 

6.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2013 and not yet vested

 

518

 

$

3.74

 

$

3,302

 

8.4

 

556

 

$

4.15

 

$

3,313

 

9.5

 

Exercisable at March 31, 2013

 

895

 

$

5.82

 

$

4,057

 

5.5

 

604

 

$

9.19

 

$

1,907

 

4.2

 

 

 

 

Incentive Stock Options

 

Nonqualified Stock Options

 

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

 

Awards

 

Weighted-
Average
Exercise
Price

 

Aggregate
Intrinsic
Value

 

Weighted
Average
Remaining
Contractual
Life (yrs.)

 

Awards

 

Weighted-
Average
Exercise
Price

 

Aggregate
Intrinsic
Value

 

Weighted
Average
Remaining
Contractual
Life (yrs.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at July 1, 2011

 

1,196

 

$

6.19

 

 

 

 

 

749

 

$

9.77

 

 

 

 

 

Granted

 

714

 

$

3.74

 

 

 

 

 

119

 

$

3.65

 

 

 

 

 

Exercised

 

(5

)

$

2.79

 

$

6

 

 

 

 

$

 

$

 

 

 

Forfeited, expired or repurchased

 

(38

)

$

5.50

 

 

 

 

 

 

$

 

 

 

 

 

Outstanding at March 31, 2012

 

1,867

 

$

5.28

 

$

523

 

7.1

 

868

 

$

8.93

 

$

119

 

4.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2012 and not yet vested

 

888

 

$

4.33

 

$

377

 

9.0

 

145

 

$

4.25

 

$

68

 

9.1

 

Exercisable at March 31, 2012

 

979

 

$

6.13

 

$

146

 

5.4

 

723

 

$

9.87

 

$

51

 

3.6

 

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

 

(111

)

(693

)

Forfeited

 

(1

)

(12

)

Nonvested at March 31, 2013

 

 

$

 

 

 

 

 

 

 

Nonvested at July 1, 2011

 

155

 

$

1,076

 

Granted

 

35

 

127

 

Vested

 

(113

)

(665

)

Forfeited

 

(3

)

(23

)

Nonvested at March 31, 2012

 

74

 

$

515