Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.5.0.2
Stockholders' Equity (Tables)
3 Months Ended
Sep. 30, 2016
Equity [Abstract]  
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
 
September 7, 2016
 
September 19, 2016
 
Cash
 
$
0.07

per common share
 
October 7, 2016
 
 
 
 
 
 
 
 
 
 
 
 
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 three months ended September 30, 2016 follows:
Average volatility
 
39.1
%
 
 
Risk-free interest rate
 
1.13
%
 
 
Weighted-average expected life in years
 
5.91

 
 
Dividend yield rate
 
1.7
%
 
 
Schedule of share-based compensation, stock option activity
The following table summarizes the stock option activity for the three months ended September 30, 2016.
 
 
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, 2016
 
581,527

 
$
17.55

 
$
1,466

 
$
6.32

Granted
 
100,000

 
19.22

 
 
 
 
Cancellations, expirations and forfeitures
 
(2,200
)
 
20.48

 
 
 
 
Outstanding at September 30, 2016
 
679,327

 
17.79

 
$
1,435

 
$
6.17

 
 
 
 
 
 
 
 
 
Exercisable at September 30, 2016
 
183,184

 
10.30

 
$
1,054

 
$
5.91

Schedule of share-based compensation, status of stock option outstanding
Following is a summary of the status of stock options outstanding at September 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

 
6.10
 
$
8.39

 
86,296

 
6.12
 
$
8.41

10.01

 
15.00

 
98,888

 
6.03
 
11.94

 
96,888

 
5.98
 
11.98

15.01

 
25.00

 
346,200

 
9.58
 
20.88

 

 
0.00
 

25.01

 
60.00

 
100,000

 
9.39
 
25.50

 

 
0.00
 

 
 
 
 
679,327

 
8.35
 
17.79

 
183,184

 
6.04
 
10.30