XML 27 R13.htm IDEA: XBRL DOCUMENT v3.19.2
STOCK BASED COMPENSATION
12 Months Ended
Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
STOCK BASED COMPENSATION
STOCK BASED COMPENSATION
The Company sponsors the Sharps Compliance Corp. 2010 Stock Plan (the “2010 Plan”) covering employees, consultants and non-employee directors. The 2010 Plan provides for the granting of stock-based compensation (stock options or restricted stock) of up to 3,000,000 shares of the Company’s common stock of which 1,293,449 options and restricted shares are outstanding as of June 30, 2019. Options granted generally vest over a period of four years and expire seven years after the date of grant. Restricted stock generally vests over one year. As of June 30, 2019, there were 1,037,862 options available for grant under the 2010 Plan.
The summary of activity for all restricted stock during the fiscal years ended June 30, 2019, 2018 and 2017  is presented in the table below (in thousands):
 
Year ended June 30,
 
2019
 
2018
 
2017
 
 
 
 
 
 
Unvested at beginning of the year
13

 
13

 
13

Granted
63

 
53

 
53

Vested
(55
)
 
(53
)
 
(53
)
Forfeited
(8
)
 

 

Unvested at end of the year
13

 
13

 
13

The weighted average fair value per share of restricted stock granted during the fiscal years ended June 30, 2019, 2018 and 2017 was $3.53, $4.17 and $4.38, respectively. The weighted average fair value per share of restricted stock which vested during the fiscal years ended June 30, 2019, 2018 and 2017 was $3.69, $4.22 and $5.29, respectively.
The summary of activity for all stock options during the fiscal years ended June 30, 2019, 2018 and 2017 is presented in the table below (in thousands except per share amounts):
 
Options
Outstanding
 
Weighted
Average
Exercise
Price
Options Outstanding at June 30, 2016
1,290

 
$
4.69

Granted
38

 
$
4.55

Exercised
(95
)
 
$
3.60

Forfeited or canceled
(368
)
 
$
5.32

 
 
 
 
Options Outstanding at June 30, 2017
865

 
$
4.53

Granted
137

 
$
4.79

Forfeited or canceled
(82
)
 
$
4.50

 
 
 
 
Options Outstanding at June 30, 2018
920

 
$
4.57

Granted
578

 
$
3.73

Forfeited or canceled
(218
)
 
$
4.16

 
 
 
 
Options Outstanding at June 30, 2019
1,280

 
$
4.26

 
 
 
 
Options Exercisable at June 30, 2019
591

 
$
4.67


The following table summarizes information about stock options outstanding as of June 30, 2019 (in thousands except per share amounts):
 
 
Options Outstanding
Range of Exercise
Price
 
Outstanding as of June 30, 2019
 
Weighted
Average
Remaining
Life
 (in Years)
 
Weighted
Average
Exercise
Price
 
 
 
 
 
 
 
$2.51 - $3.75
 
107

 
4.77
 
$
3.18

$3.76 - $5.00
 
1,044

 
4.70
 
$
4.17

$5.01 - $7.50
 
129

 
2.81
 
$
5.95

 
 
1,280

 
 
 
$
4.26


The following table summarizes information about stock options exercisable as of June 30, 2019 (in thousands except per share amounts):
 
 
Options Exercisable
Range of Exercise
Price
 
Exercisable as of June 30, 2019
 
Weighted
Average
Remaining
Life
 (in Years)
 
Weighted
Average
Exercise
Price
 
 
 
 
 
 
 
$2.51 - $3.75
 
32

 
0.57
 
$
2.92

$3.76 - $5.00
 
437

 
2.41
 
$
4.45

$5.01 - $7.50
 
122

 
2.78
 
$
5.90

 
 
591

 
 
 
$
4.67


As of June 30. 2019, there was $0.6 million of stock option and restricted stock compensation expense related to non-vested awards. This expense is expected to be recognized over a weighted average period of 3.4 years.