Stockholders' Equity (Tables)
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12 Months Ended |
Jun. 30, 2017 |
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| Equity [Abstract] |
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| Dividends Declared |
The table below summarizes the quarterly dividends declared pursuant to this policy:
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Dividend
Declaration Date |
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Record Date
(at close of Business)
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Type of Dividend |
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Basis of Payment |
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Payment Date |
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September 11, 2015 |
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September 24, 2015 |
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Cash |
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$ |
0.05 |
|
per common share |
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October 5, 2015 |
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October 30, 2015 |
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November 13, 2015 |
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Cash |
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$ |
0.05 |
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per common share |
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November 25, 2015 |
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February 2, 2016 |
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February 15, 2016 |
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Cash |
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$ |
0.07 |
|
per common share |
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February 29, 2016 |
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April 29, 2016 |
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May 13, 2016 |
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Cash |
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$ |
0.07 |
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per common share |
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May 27, 2016 |
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September 7, 2016 |
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September 19, 2016 |
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Cash |
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$ |
0.07 |
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per common share |
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October 7, 2016 |
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November 1, 2016 |
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November 14, 2016 |
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Cash |
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$ |
0.07 |
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per common share |
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December 1, 2016 |
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January 26, 2017 |
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February 8, 2017 |
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Cash |
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$ |
0.08 |
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per common share |
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February 24, 2017 |
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May 2, 2017 |
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May 15, 2017 |
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Cash |
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$ |
0.08 |
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per common share |
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May 25, 2017 |
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| 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, 2017 and 2016 follows:
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Years Ended June 30, |
|
June 30, 2017 |
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June 30, 2016 |
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Average volatility |
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39.0 |
% |
|
41.3 |
% |
|
Risk-free interest rate |
|
1.5 |
% |
|
1.5 |
% |
|
Weighted-average expected life in years |
|
5.95 |
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|
6.27 |
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Estimated dividend quarterly yield rate |
|
0.4 |
% |
|
0.4 |
% |
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Estimated dividend annual yield rate |
|
1.7 |
% |
|
1.6 |
% |
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There are no awards with performance conditions nor awards with market conditions.
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| Schedule of share-based compensation, stock option activity |
The following table summarizes the stock option activity for the year ended June 30, 2017.
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Options |
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Weighted Average Exercise Price Per Share |
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Aggregate Intrinsic Value
(in thousands)
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Weighted Average Grant Date Fair Value Per Award |
Outstanding at June 30, 2016 |
|
581,527 |
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$ |
17.55 |
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$ |
1,466 |
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$ |
6.32 |
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Granted |
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168,000 |
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$ |
19.17 |
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Cancellations, expirations and forfeitures |
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(8,200 |
) |
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$ |
19.98 |
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Outstanding at June 30, 2017 |
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741,327 |
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$ |
17.89 |
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$ |
1,514 |
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$ |
6.19 |
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Exercisable at June 30, 2017 |
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346,671 |
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$ |
14.65 |
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$ |
1,315 |
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$ |
6.10 |
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| Schedule of share-based compensation, status of stock option outstanding |
Following is a summary of the status of stock options outstanding at June 30, 2017:
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Options Outstanding |
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Options Exercisable |
Exercise Price Ranges |
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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 |
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To |
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$ |
— |
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$ |
10.00 |
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|
134,239 |
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|
5.35 |
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$ |
8.39 |
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110,267 |
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|
5.36 |
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$ |
8.40 |
|
10.01 |
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|
15.00 |
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|
98,888 |
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|
5.28 |
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$ |
11.94 |
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97,888 |
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5.26 |
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$ |
11.96 |
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15.01 |
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|
25.00 |
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|
408,200 |
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|
8.95 |
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$ |
20.60 |
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113,516 |
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|
8.84 |
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20.64 |
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25.01 |
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60.00 |
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100,000 |
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|
8.65 |
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$ |
25.50 |
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25,000 |
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|
8.65 |
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25.50 |
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741,327 |
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|
7.77 |
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$ |
17.89 |
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|
346,671 |
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|
6.71 |
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$ |
14.65 |
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