Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

v3.5.0.2
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

.