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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
We estimated the fair value of options granted using a Black-Scholes option pricing model with the following assumptions:
 
 
Year Ended
December 31, 2019
 
Transition Period December 31, 2018
 
Fiscal Years Ended June 30,
 
 
 
 
2018
 
2017
 
Expected dividend yield
 
—%
 
—%
 
—%
 
—%
 
Expected option term (years)
 
4.52
 
4.76
 
4.84
 
5.04
 
Expected stock price volatility
 
71%
 
69%
 
70%
 
63%
 
Risk-free interest rate
 
1.39% - 2.58%
 
2.69% - 3.06%
 
1.72% - 2.89%
 
1.16% - 2.15%
 

Share-based Compensation, Stock Options, Activity
The following table summarizes all stock option activity for the ended December 31, 2019:
 
Options
(in thousands)
 
Weighted Average Exercise Price Per Option
 
Weighted Average Remaining Contractual Term (Years)
 
Aggregate Intrinsic Value (in thousands)
Options outstanding, January 1, 2019
4,757

 
$
14.30

 
5.42
 
$
18,618

   Changes during the year:
 
 
 
 
 
 
 
   Granted
3,614

 
15.46

 
 
 
 
   Exercised
(1,207
)
 
3.17

 
 
 
 
   Expired or forfeited
(1,263
)
 
17.78

 
 
 
 
Options outstanding, end of year
5,901

 
$
16.54

 
5.90
 
$
30,145

Vested as of December 31, 2019
1,150

 
$
14.72

 
4.61
 
$
8,276


The following table summarizes all stock option activity for the Transition Period ended December 31, 2018:
 
Options
(in thousands)
 
Weighted Average Exercise Price Per Option
 
Weighted Average Remaining Contractual Term (Years)
 
Aggregate Intrinsic Value (in thousands)
Options outstanding, July 1, 2018
3,549

 
$
7.58

 
4.43
 
$
57,123

   Changes during the year:
 
 
 
 
 
 
 
   Granted
2,002

 
22.54

 
 
 
 
   Exercised
(706
)
 
3.71

 
 
 
 
   Expired or forfeited
(88
)
 
15.57

 
 
 
 
Options outstanding, end of year
4,757

 
$
14.30

 
5.42
 
$
18,618

Vested as of December 31, 2018
1,504

 
$
4.23

 
3.41
 
$
15,098


Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
Information regarding the Company's RSU's for the year ended December 31, 2019 is as follows:
Non-Vested Restricted Stock Units
 
Share Equivalent
(in thousands)
 
Weighted Average Grant Date Fair Value
Non-vested at January 1, 2019
 
15

 
$
14.29

Changes during the period:
 
 
 
 
   Restricted Units Granted
 
58

 
12.93

   Vested/Exercised
 
(15
)
 
14.29

   Forfeited
 

 

Non-vested at December 31, 2019
 
58

 
$
12.93


Information regarding the Company's RSU's for the Transition Period ended December 31, 2018 is as follows:
Non-Vested Restricted Stock Units
 
Share Equivalent
(in thousands)
 
Weighted Average Grant Date Fair Value
Non-vested at July 1, 2018
 
1,535

 
$
2.83

Changes during the period:
 
 
 
 
   Restricted Units Granted
 
15

 
14.29

   Vested/Exercised
 
(35
)
 
8.46

   Forfeited
 
(1,500
)
 
2.28

Non-vested at December 31, 2018
 
15

 
$
14.29


Schedule of Share-based Compensation, Performance Stock and Performance Stock Units Activity
The following table summarizes the Company's performance-based stock option activity for the year ended December 31, 2019 is as follows: 
 
Options
(in thousands)
 
Weighted Average Exercise Price Per Option
 
Weighted Average Remaining Contractual Term (Years)
 
Aggregate Intrinsic Value (in thousands)
Options outstanding, January 1, 2019
538

 
$
13.09

 
6.04
 
$
772

   Changes during the year:
 
 
 
 
 
 
 
   Granted
800

 
17.18

 
 
 
 
   Exercised

 

 
 
 
 
   Expired or forfeited
(501
)
 
13.05

 
 
 
 
Options outstanding, end of year
837

 
$
17.03

 
6.26
 
$
3,456

Vested as of December 31, 2019
50

 
$
18.74

 
6.88
 
$
121


The following table summarizes the Company's performance-based stock option activity for the Transition Period ended December 31, 2018 is as follows: 
 
Options
(in thousands)
 
Weighted Average Exercise Price Per Option
 
Weighted Average Remaining Contractual Term (Years)
 
Aggregate Intrinsic Value (in thousands)
Options outstanding, July 1, 2018
538

 
$
13.09

 
6.54
 
$
5,688

   Changes during the year:
 
 
 
 
 
 
 
   Granted

 

 
 
 
 
   Exercised

 

 
 
 
 
   Expired or forfeited

 

 
 
 
 
Options outstanding, end of year
538

 
$
13.09

 
6.04
 
$
772

Vested as of December 31, 2018
38

 
$
11.86

 
5.94
 
$
91