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STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Jun. 30, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of weighted average fair values per stock-based compensation award granted
Using the fair value of each grant on the date of grant, the weighted average fair values per stock-based compensation award granted during fiscal years 2021, 2020 and 2019 were as follows:
Fiscal Years
202120202019
SOs (1)$2.89 $— $— 
RSUs (1)7.15 16.48 21.12 
PSUs (1)5.83 12.09 14.05 
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(1)The fair value of market-based SOs granted are estimated on the date of grant using either a Monte Carlo valuation model or a Black-Scholes valuation model. The fair value of market-based RSUs and PSUs granted are estimated on the date of grant using a Monte Carlo valuation model. The significant assumptions used in determining the estimated fair value of the market-based awards granted during fiscal years 2021, 2020 and 2019 were as follows:
Fiscal Years
202120202019
Risk-free interest rate
0.16 - 0.78%
1.43%
2.31 - 2.68%
Expected volatility
44.9 - 66.8%
33.9%
34.2 - 34.6%
Expected dividend yield— %— %— %
Expected term of share options7.0 yearsN/AN/A
Schedule of assumptions used in determining estimated fair value of stock options, SARs and market-based RSUs granted The significant assumptions used in determining the estimated fair value of the market-based awards granted during fiscal years 2021, 2020 and 2019 were as follows:
Fiscal Years
202120202019
Risk-free interest rate
0.16 - 0.78%
1.43%
2.31 - 2.68%
Expected volatility
44.9 - 66.8%
33.9%
34.2 - 34.6%
Expected dividend yield— %— %— %
Expected term of share options7.0 yearsN/AN/A
Schedule of stock-based compensation expense
Stock-based compensation expense was as follows:
Fiscal Years
202120202019
(Dollars in thousands)
SARs & SOs$456 $— $1,497 
RSUs & PSUs2,798 3,275 7,506 
Total stock-based compensation expense (recorded in G&A)3,254 3,275 9,003 
Less: Income tax benefit (1)— (688)(1,891)
Total stock-based compensation expense, net of tax$3,254 $2,587 $7,112 
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(1)Federal statutory income tax rate utilized of 0% due to a valuation allowance in fiscal year 2021 and of 21% utilized in fiscal years 2020 and 2019.
Schedule of activity for outstanding SARs and stock options Activity for all the Company's outstanding SARs and SOs is as follows:
 Shares
(in thousands)		Weighted
Average
Exercise Price		Weighted
Average
Remaining
Contractual Life		Aggregate
Intrinsic Value
(in thousands)
 SARsSOs
Outstanding balance at June 30, 20201,285 — $11.79 
Granted— 1,459 6.53   
Forfeited/Expired(187)— 14.74   
Exercised(57)— 10.84   
Outstanding balance at June 30, 20211,041 1,459 $8.52 7.77$2,100 
Exercisable at June 30, 20211,041 — $11.32 5.67$(2,040)
Unvested awards, net of estimated forfeitures— 1,459 $6.53 9.27$4,129 
Schedule of activity for RSUs Activity for all the Company's RSUs is as follows:
 Shares/Units
(in thousands)		Weighted
Average
Grant Date
Fair Value		Aggregate Intrinsic
Value
(in thousands)
 RSUs
Outstanding balance at June 30, 2020706 $17.72 
Granted896 7.15  
Forfeited(231)16.00  
Vested(196)16.12  
Outstanding balance at June 30, 20211,175 $10.30 $10,998 
Vested at June 30, 2021262 $13.76 $2,452 
Unvested awards, net of estimated forfeitures800 $8.87 $7,488 
Schedule of activity for PSUs Activity for all of the Company's PSUs is as follows:
 Shares/Units
(in thousands)		Weighted
Average
Grant Date
Fair Value		Aggregate Intrinsic
Value
(in thousands)
 PSUs
Outstanding balance at June 30, 2020710 $13.90 
Granted62 5.83  
Forfeited(602)13.52  
Vested(6)25.11  
Outstanding balance at June 30, 2021164 $12.56 $1,535 
Vested at June 30, 2021— $— $— 
Unvested awards, net of estimated forfeitures141 $10.81 $1,320