Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

v3.20.2
Stockholders' Equity (Tables)
 12 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Schedule of Estimated Grant Date Fair Value of Stock Options The weighted-averages for key assumptions used in determining the fair value of options granted during the years ended June 30, 2020 and 2019 follows:

 

 

Years Ended

 

 

 

June 30,

2020

 

 

 

June 30,

2019

 

Average volatility

 

 

36.37

%

 

 

 

35.83

%

Risk-free interest rate

 

 

1.62

%

 

 

 

2.80

%

Weighted-average expected life in years

 

 

6.3

 

 

 

 

6.1

 

Dividend yield rate annual

 

 

0

%

 

 

 

0

%

 
Summary of Stock Option Activity

The following table summarizes the stock option activity for the year ended June 30, 2020.

 

 

 

Options

 

 

Weighted

Average

Exercise

Price Per

Share

 

 

Aggregate

Intrinsic Value

(in thousands)

 

 

Weighted

Average

Grant Date

Fair Value

Per Award

 

Outstanding at June 30, 2019

 

 

956,998

 

 

$

17.08

 

 

$

787

 

 

$

5.88

 

Granted

 

 

357,731

 

 

$

10.64

 

 

 

 

 

 

 

 

 

Exercises

 

 

(1,667

)

 

$

15.86

 

 

 

 

 

 

 

 

 

Cancellations, expirations and forfeitures

 

 

(63,249

)

 

$

17.06

 

 

 

 

 

 

 

 

 

Outstanding at June 30, 2020

 

 

1,249,813

 

 

$

15.24

 

 

$

6,061

 

 

$

5.34

 

Exercisable at June 30, 2020

 

 

826,811

 

 

$

17.36

 

 

$

2,700

 

 

$

5.95

 
Summary of Status of Stock Option Outstanding

Following is a summary of the status of stock options outstanding as of June 30, 2020.

 

Exercise Price Ranges

 

 

Options Outstanding

 

 

Options Exercisable

 

From

 

 

To

 

 

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

 

$

—

 

 

$

10.00

 

 

 

214,240

 

 

 

5.07

 

 

$

8.62

 

 

 

134,239

 

 

 

2.35

 

 

$

8.39

 

$

10.01

 

 

$

15.00

 

 

 

487,301

 

 

 

7.56

 

 

$

11.67

 

 

 

173,302

 

 

 

4.82

 

 

$

12.56

 

$

15.01

 

 

$

25.00

 

 

 

448,272

 

 

 

6.27

 

 

$

19.99

 

 

 

419,270

 

 

 

6.11

 

 

$

20.27

 

$

25.01

 

 

$

60.00

 

 

 

100,000

 

 

 

5.64

 

 

$

25.50

 

 

 

100,000

 

 

 

5.64

 

 

$

25.50

 

 

 

 

 

 

 

 

 

 

1,249,813

 

 

 

6.52

 

 

$

15.24

 

 

 

826,811

 

 

 

5.17

 

 

$

17.36

 
Summary of Nonvested Stock Option Activity

 

The following table summarizes the nonvested stock option activity for the year ended June 30, 2020.

 

 

 

Options

 

 

 

Weighted

Average

Grant Date

Fair Value

Per Award

 

Nonvested Outstanding at June 30, 2019

 

 

238,717

 

 

 

$

5.27

 

Granted

 

 

357,731

 

 

 

$

3.99

 

Vested

 

 

(147,147

)

 

 

$

5.39

 

Forfeitures

 

 

(26,299

)

 

 

$

5.45

 

Nonvested Outstanding at June 30, 2020

 

 

423,002

 

 

 

$

4.14

 
Summary of Restricted Stock Unit Activity

The following table summarizes the RSU activity for the year ended June 30, 2020:

 

 

 

Awards

Outstanding

 

 

 

Weighted

Average

Fair Value

per Unit

at Grant Date

 

Outstanding at June 30, 2019

 

 

—

 

 

 

$

—

 

Shares granted

 

 

7,000

 

 

 

$

6.71

 

Shares settled

 

 

(7,000

)

 

 

$

6.71

 

Outstanding at June 30, 2020

 

 

—

 

 

 

$

—

 

Exercisable at June 30, 2020

 

 

—

 

 

 

$

—