STOCK OPTIONS (Tables)

3 Months Ended

Sep. 30, 2013

The following table provides information about options during the three months ended September 30, 2013 and 2012:

	2013		2012
Number of options granted	3,359		386,677
Compensation expense recognized	$	284,000	$	1,214,000
Compensation cost capitalized	—		300,000
Weighted average fair value of options outstanding	$	8.53	$	10.00

Schedule of significant assumptions used to compute the fair market values of employee and director stock options granted

The following table details the significant assumptions used to compute the fair market values of employee and director stock options granted during the three months ended September 30, 2013 and 2012:

	2013		2012
Risk-free interest rate	0.08-0.90	%	0.13-0.45	%
Dividend yield	0	%	0	%
Volatility factor	74-95	%	99-123	%
Expected life (years)	0.50-3.25		0.50-3.25

Summary of employee and director stock options issued and outstanding

	Options		Weighted Average Exercise Price		Aggregate intrinsic value		Weighted average remaining contractual term (years)
Options outstanding at year ended July 1, 2013	1,361,509		13.12		$	52,277	3.26
Granted	3,359		4.77
Exercised	—		—
Forfeited	(3,930	)	15.53
Expired	(24,735	)	23.16
Options outstanding at September 30, 2013	1,336,203		$	12.90	$	299,652	3.00
Options exercisable at September 30, 2013	812,083		$	16.31	$	84,429	2.91

Schedule of stock options outstanding and exercisable

Options outstanding and exercisable as of September 30, 2013

Exercise Price		Outstanding Number of Shares	Remaining Life	Exercisable Number of Shares
$	1.92-4.00	292,852	1 year	135,877
$	1.92-4.00	172,997	5 years	6,250
$	4.01-10.00	138,822	1 year	138,822
$	4.01-10.00	190,153	4 years	64,843
$	4.01-10.00	49,125	7 years	46,125
$	10.01-15.00	106,375	1 year	106,375
$	10.01-15.00	15,000	6 years	12,500
$	15.01-20.00	17,500	7 years	17,500
$	20.01-25.00	12,375	1 year	12,375
$	20.01-25.00	20,375	7 years	18,708
$	25.01-30.00	102,500	3 years	52,500
$	25.01-30.00	33,750	7 years	28,333
$	30.01-35.00	26,939	1 year	26,939
$	30.01-35.00	38,125	3 years	38,125
$	30.01-35.00	64,313	8 years	64,313
$	35.01-40.00	31,877	3 years	19,373
$	40.01-45.00	11,875	1 year	11,875
$	40.01-45.00	11,250	7 years	11,250
		1,336,203		812,083

- Definition

Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

+ References+ Details

- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ References+ Details