Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.22.2.2
Stockholders' Equity (Tables)
 3 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Summary of Stock Option Activity

The following table summarizes the stock option activity for the three months ended September 30, 2022.

 

 

Options

 

 

Weighted
Average
Exercise
Price Per
Share

 

 

Aggregate
Intrinsic Value
(in thousands)

 

 

Weighted
Average
Grant Date
Fair Value
Per Award

 

Outstanding at June 30, 2022

 

 

1,779,460

 

 

$

7.84

 

 

$

43,433

 

 

$

3.51

 

Exercises

 

 

(135,334

)

 

$

3.50

 

 

 

 

 

 

 

Outstanding at September 30, 2022

 

 

1,644,126

 

 

$

7.12

 

 

$

34,972

 

 

$

3.61

 

Exercisable at September 30, 2022

 

 

1,099,303

 

 

$

6.24

 

 

$

24,345

 

 

$

3.03

 
Summary of Status of Stock Option Outstanding

Following is a summary of the status of stock options outstanding as of September 30, 2022.

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

 

$

—

 

 

$

5.00

 

 

 

735,898

 

 

 

6.96

 

 

$

1.98

 

 

 

455,744

 

 

 

6.78

 

 

$

2.34

 

$

5.01

 

 

$

7.50

 

 

 

152,894

 

 

 

3.82

 

 

$

6.17

 

 

 

152,894

 

 

 

3.82

 

 

$

6.17

 

$

7.51

 

 

$

12.50

 

 

 

453,334

 

 

 

3.93

 

 

$

8.88

 

 

 

426,666

 

 

 

3.68

 

 

$

8.86

 

$

12.51

 

 

$

30.00

 

 

 

302,000

 

 

 

8.44

 

 

$

17.49

 

 

 

63,999

 

 

 

8.39

 

 

$

16.84

 

 

 

 

 

 

 

 

1,644,126

 

 

 

6.10

 

 

$

7.12

 

 

 

1,099,303

 

 

 

5.26

 

 

$

6.24

 
Summary of Nonvested Stock Option Activity

The following table summarizes the nonvested stock option activity for the three months ended September 30, 2022.

 

 

Options

 

 

 

Weighted
Average
Grant Date
Fair Value
Per Award

 

Nonvested Outstanding at June 30, 2022

 

 

631,488

 

 

 

$

5.06

 

Vested

 

 

(86,665

)

 

 

$

6.86

 

Nonvested Outstanding at September 30, 2022

 

 

544,823

 

 

 

$

4.78

 
Summary of Restricted Stock Unit Activity

The following table summarizes the RSU activity for the three months ended September 30, 2022:

 

 

Awards
Outstanding

 

 

 

Weighted
Average
Fair Value
per Unit
at Grant Date

 

 

Nonvested Outstanding at June 30, 2022

 

 

56,093

 

 

 

$

32.58

 

 

Shares granted

 

 

194

 

 

 

$

—

 

(2)

Vested but subject to deferred settlement (1)

 

 

(129

)

 

 

$

—

 

(2)

Nonvested Outstanding at September 30, 2022

 

 

56,158

 

 

 

$

32.54

 

 

Vested but subject to deferred settlement at September 30, 2022

 

 

19,323

 

 

 

$

18.62

 

 

Outstanding at September 30, 2022

 

 

75,481

 

 

 

$

28.98

 

 

 

(1) Certain RSU holders elected to defer settlement of the RSUs to a specified date. The DSU holder is contractually obligated to defer settlement of the DSUs to a specified date following the holder’s termination of service.

(2) These shares were granted upon deemed reinvestment of dividend equivalents, in accordance with mandatory terms of the award agreement. The measured fair value of the original award fully valued the participant’s right to deemed reinvestment of dividend equivalents, and therefore this grant resulted in no incremental compensation expense, which is reflected in the table as zero fair value for the shares.