Stockholders' Equity (Tables)
|
12 Months Ended |
Jun. 30, 2016 |
|---|
| Equity [Abstract] |
|
| Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions |
The weighted-averages for key assumptions used in determining the fair value of options granted during the years ended June 30, 2016 and 2015 follows:
|
|
|
|
|
|
|
|
|
Years Ended June 30, |
|
2016 |
|
2015 |
|
Average volatility |
|
41.3 |
% |
|
33.4 |
% |
|
Risk-free interest rate |
|
1.5 |
% |
|
1.5 |
% |
|
Weighted-average expected life in years |
|
6.27 |
|
|
6.43 |
|
|
Dividend yield rate |
|
0.4 |
% |
|
0.5 |
% |
|
|
| Dividends Declared |
The table below summarizes the quarterly dividends declared pursuant to this policy:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividend
Declaration Date |
|
Record Date
(at close of Business)
|
|
Type of Dividend |
|
Basis of Payment |
|
Payment Date |
|
|
|
|
|
|
|
|
|
|
|
|
February 6, 2015 |
|
March 12, 2015 |
|
Cash |
|
$ |
0.05 |
|
per common share |
|
March 20, 2015 |
|
May 1, 2015 |
|
May 14, 2015 |
|
Cash |
|
$ |
0.05 |
|
per common share |
|
May 25, 2015 |
|
September 11, 2015 |
|
September 24, 2015 |
|
Cash |
|
$ |
0.05 |
|
per common share |
|
October 5, 2015 |
|
October 30, 2015 |
|
November 13, 2015 |
|
Cash |
|
$ |
0.05 |
|
per common share |
|
November 25, 2015 |
|
February 2, 2016 |
|
February 15, 2016 |
|
Cash |
|
$ |
0.07 |
|
per common share |
|
February 29, 2016 |
|
April 29, 2016 |
|
May 13, 2016 |
|
Cash |
|
$ |
0.07 |
|
per common share |
|
May 27, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of share-based compensation, stock option activity |
The following table summarizes the stock option activity for the years ended June 30, 2016 and 2015.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options |
|
Weighted Average Exercise Price Per Share |
|
Aggregate Intrinsic Value
(in thousands)
|
|
Weighted Average Grant Date Fair Value Per Award (1)
|
Outstanding at June 30, 2014 |
|
230,787 |
|
|
$ |
10.00 |
|
|
$ |
407 |
|
|
$ |
5.98 |
|
Granted |
|
3,000 |
|
|
$ |
10.08 |
|
|
|
|
|
Cancellations, expirations and forfeitures |
|
(660 |
) |
|
$ |
48.02 |
|
|
|
|
|
Outstanding at June 30, 2015 |
|
233,127 |
|
|
$ |
9.89 |
|
|
$ |
283 |
|
|
$ |
5.96 |
|
Granted |
|
349,400 |
|
|
22.67 |
|
|
|
|
|
Cancellations, expirations and forfeitures |
|
(1,000 |
) |
|
20.48 |
|
|
|
|
|
Outstanding at June 30, 2016 |
|
581,527 |
|
|
17.55 |
|
|
$ |
1,466 |
|
|
$ |
6.32 |
|
|
|
|
|
|
|
|
|
|
Exercisable at June 30, 2016 |
|
183,184 |
|
|
10.30 |
|
|
$ |
1,078 |
|
|
$ |
5.91 |
|
_________________________________ |
(1) |
|
For awards held by A-Mark employees, the fair value of the awards assumed in Distribution was based on the awards' fair value at grant date, which were determined by SGI prior to the Distribution. Since the Company does not recognize compensation costs for the awards assumed in the Distribution held by employees of SGI, the calculation of the weighted average fair value per share price at grant date was based on the awards' fair value at grant date that were awarded to employees of A-Mark. As of June 30, 2016 there were no stock options outstanding that were issued to employees of SGI. |
|
| Schedule of share-based compensation, status of stock option outstanding |
Following is a summary of the status of stock options outstanding at June 30, 2016:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options Outstanding |
|
Options Exercisable |
Exercise Price Ranges |
|
Number of Shares Outstanding |
|
Weighted Average Remaining Contractual Life (Years) |
|
Weighted Average Exercise Price |
|
Number of Shares Exercisable |
|
Weighted Average Remaining Contractual Life (Years) |
|
Weighted Average Exercise Price |
From |
|
To |
|
|
|
|
|
|
$ |
— |
|
|
$ |
10.00 |
|
|
134,239 |
|
|
6.35 |
|
$ |
8.39 |
|
|
86,296 |
|
|
6.37 |
|
$ |
8.41 |
|
10.01 |
|
|
15.00 |
|
|
98,888 |
|
|
6.28 |
|
11.94 |
|
|
96,888 |
|
|
6.23 |
|
11.98 |
|
15.01 |
|
|
25.00 |
|
|
248,400 |
|
|
9.68 |
|
21.54 |
|
|
— |
|
|
0.00 |
|
— |
|
25.01 |
|
|
60.00 |
|
|
100,000 |
|
|
9.65 |
|
25.50 |
|
|
— |
|
|
0.00 |
|
— |
|
|
|
|
|
581,527 |
|
|
8.33 |
|
17.55 |
|
|
183,184 |
|
|
6.30 |
|
10.30 |
|
|
| Schedule of restricted stock activity |
The following table summarizes the RSU activity for the years ended June 30, 2016 and 2015:
|
|
|
|
|
|
|
|
|
Shares |
|
Weighted Average Share Price at Grant Date (1)
|
Outstanding at June 30, 2014 |
106,674 |
|
|
$ |
2.72 |
|
Shares released |
(10,806 |
) |
|
$ |
4.31 |
|
Shares surrendered to cover employee minimum withholding taxes (2)
|
(9,570 |
) |
|
$ |
4.31 |
|
Outstanding at June 30, 2015 |
86,298 |
|
|
$ |
2.34 |
|
Shares released |
(47,901 |
) |
|
$ |
2.34 |
|
Shares surrendered to cover employee minimum withholding taxes (3)
|
(38,397 |
) |
|
$ |
2.34 |
|
Outstanding at June 30, 2016 |
— |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
_________________________________ |
|
|
(1) |
|
For awards held by A-Mark employees, the fair value of the awards assumed in Distribution was based on the awards' fair value at grant date, which were determined by SGI prior to the Distribution. Since, the Company does not recognize compensation costs for the awards assumed in the Distribution held by employees of SGI, the calculation of the weighted average share price at grant date was based on the awards' fair value at grant date that were awarded to employees of A-Mark. |
|
(2) |
|
The value of the shared surrendered totaled |
$ |
100,198 |
|
. |
|
(3) |
|
The value of the shared surrendered totaled |
$ |
680,936 |
|
. |
|
|
|
|
|
|
|
|