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Dividends
12 Months Ended
Jun. 30, 2013
Dividends [Abstract]  
Dividends

18. Dividends

     During fiscal year 2013, our Board of Directors approved five quarterly cash dividends, including two during the three months ended September 30, 2012, and a special dividend. Prior to our fiscal year 2013, we did not pay dividends on any class of shares. All cash dividends were declared on common stock during fiscal year 2013, as summarized in the following table:

Record Payment     Dividend  
Date Date Type   Per Share   Total
 
July 17, 2012 July 31, 2012 Quarterly $ 0.06  $ 541,000
Sept. 14, 2012 Sept. 28, 2012 Quarterly $ 0.06  $ 554,000
Dec. 14, 2012 Dec. 28, 2012 Quarterly $ 0.06  $ 556,000
Dec. 21, 2012 Dec. 31, 2012 Special $ 0.50 $ 4,632,000
March 15, 2013 March 29, 2013 Quarterly $ 0.06  $ 554,000
June 17,2013 June 28, 2013 Quarterly $ 0.12 $ 1,107,000
Total     $ 0.86 $ 7,944,000

 

     As of June 30, 2013, we have recorded $376,000 of dividends payable to holders of restricted common stock who held restricted shares at the time of dividend record dates and still hold those restricted shares as of June 30, 2013. Such dividends will be paid when the restrictions on a holder's restricted common shares lapse. This dividend payable is divided between current payable and non-current payable in the amounts of $94,000 and $282,000 respectively based upon the expected vest date of the underlying shares. These holders of restricted common stock will receive the dividend payments as long as they remain eligible at the vest date of the shares. As of June 30, 2013, $26,000 of dividends payable were forfeited and returned to capital for restricted shares that were forfeited prior to meeting vesting requirements. Because the participants are not entitled to these dividends unless they complete the requisite service period for the shares to vest, they are not participating dividends as defined under ASC 260-10.