Share-Based Payments (Tables)

9 Months Ended

Mar. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Restricted Stock

	Shares		Weighted Average Grant Date Fair Value
Nonvested at July 1, 2014	396,370		$	95.57
Granted	1,777,591		3.21
Vested	(787,917	)	41.80
Forfeited and canceled	(68,870	)	5.55
Nonvested at March 31, 2015	1,317,174		$	18.18

Schedule of Stock Options

The following table summarizes the Company's stock option activity for nine months ended March 31, 2015:

	Number of Options		Weighted average exercise price
Outstanding at June 30, 2014	989,066		$	30.09
Granted	310,335		3.58
Exercised	—		—
Forfeited and canceled	(146,803	)	19.13
Outstanding at March 31, 2015	1,152,598		24.35
Exercisable at March 31, 2015	499,312		$	41.40

Schedule Weighted Average Assumptions

The fair value of the options granted during the nine months ended March 31, 2015 and 2014 were estimated based on the following weighted average assumptions:

	Nine Months Ended March 31,
	2015			2014
Expected volatility	80		%	80		%
Risk-free interest rate	2.04		%	1.70		%
Expected dividend yield	—			—
Expected life (in years)	6.50			6.03
Estimated fair value per option granted	$	2.55		$	38.40