Share-Based Payments (Tables)

6 Months Ended

Dec. 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, 2015	466,257		$	41.00
Granted	542,854		1.63
Vested	(646,354	)	1.70
Forfeited and canceled	(231,894	)	2.05
Nonvested at December 31, 2015	130,863		$	62.17

Schedule of Stock Options

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

	Number of Options		Weighted average exercise price
Outstanding at July 1, 2015	1,181,818		$	11.19
Granted	—		—
Exercised	—		—
Forfeited and canceled	(297,792	)	7.02
Outstanding at December 31, 2015	884,026		$	11.78
Exercisable at December 31, 2015	614,669		$	14.27

Schedule of Weighted Average Assumptions

The fair value of the options granted during the six months ended December 31, 2014 were estimated based on the following weighted average assumptions:

	Six Months Ended December 31, 2014
Expected volatility	80		%
Risk-free interest rate	2.04		%
Expected dividend yield	—
Expected life (in years)	6.50
Estimated fair value per option granted	$	2.54