STOCK-BASED COMPENSATION

3 Months Ended

Sep. 30, 2017

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION

5.    STOCK-BASED COMPENSATION

The Company recognized stock-based compensation expense as follows:

	Three Months Ended
	September 30,		September 30,
	2017		2016
		(Amounts in thousands)
Stock options	$	91	$	108
Stock appreciation rights		488		468
Restricted stock		1,426		1,374
Performance stock		368		2,194
Total stock-based compensation expense	$	2,373	$	4,144

Stock-based compensation expense is included within General and administrative expense in the consolidated statements of operations and comprehensive income.

During the three months ended September 30, 2017 and 2016, the Company granted the following stock-based compensation awards:

	Three Months Ended
	September 30,	September 30,
	2017	2016
	(Number of shares)
Stock options	6,858	7,200
Stock appreciation rights	71,262	63,340
Restricted stock	50,380	44,890
Performance stock	34,010	29,830
Total equity awards granted	162,510	145,260

As of September 30, 2017, unrecognized compensation expense (expressed in thousands below) and weighted-average vesting period for each of our stock-based compensation awards were as follows:

	Unrecognized		Weighted-
	compensation		average vesting
	expense		period (years)
Stock options	$	473		2.0
Stock appreciation rights		3,627		2.3
Restricted stock		7,684		3.4
Performance stock		2,790		2.1