Stockholders' Equity (Tables)
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9 Months Ended |
Mar. 31, 2024 |
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| Equity [Abstract] |
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| Summary of Stock Option Activity |
The following table summarizes stock option activity:
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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 |
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Fiscal 2023 |
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Outstanding at June 30, 2022 |
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1,779,460 |
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$ |
7.84 |
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(1) |
$ |
43,433 |
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$ |
3.51 |
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Granted |
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10,000 |
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$ |
39.69 |
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$ |
— |
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(2) |
$ |
16.56 |
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Exercises |
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(275,040 |
) |
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$ |
6.67 |
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$ |
6,511 |
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$ |
3.63 |
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Outstanding at March 31, 2023 |
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1,514,420 |
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$ |
7.09 |
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$ |
41,786 |
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$ |
3.57 |
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Exercisable at March 31, 2023 |
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981,931 |
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$ |
5.70 |
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$ |
28,429 |
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$ |
2.75 |
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Fiscal 2024 |
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Outstanding at June 30, 2023 |
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1,446,260 |
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$ |
7.11 |
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$ |
43,882 |
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$ |
3.58 |
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Exercises |
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(223,396 |
) |
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$ |
6.26 |
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$ |
5,909 |
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$ |
3.66 |
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Outstanding at March 31, 2024 |
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1,222,864 |
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$ |
7.26 |
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$ |
28,736 |
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$ |
3.57 |
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Exercisable at March 31, 2024 |
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1,056,196 |
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$ |
5.38 |
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$ |
26,728 |
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$ |
2.74 |
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(1) On September 9, 2022 a required adjustment to the outstanding options was triggered as a result of the non-recurring special divided that lowered the exercise strike price by $1.00.
(2) The Company issued the options with an exercise price per share not less than the closing market price of common stock on the grant date.
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| Summary of Information about Stock Option Outstanding and Exercisable |
The following table summarizes information about stock options as of March 31, 2024:
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Exercise Price Ranges |
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Options Outstanding |
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Options Exercisable |
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From |
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To |
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Number of
Underlying
Shares |
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Weighted-Average Remaining Contractual Life
(Years) |
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Weighted-Average Exercise Price |
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Number of
Underlying
Shares |
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Weighted-Average Remaining Contractual Life
(Years) |
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Weighted-Average Exercise Price |
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$ |
— |
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$ |
5.00 |
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584,862 |
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5.41 |
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$ |
1.99 |
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584,862 |
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5.41 |
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$ |
1.99 |
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$ |
5.01 |
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$ |
7.50 |
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16,000 |
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2.55 |
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$ |
6.31 |
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16,000 |
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2.55 |
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$ |
6.31 |
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$ |
7.51 |
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$ |
12.50 |
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400,000 |
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1.89 |
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$ |
8.83 |
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400,000 |
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1.89 |
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$ |
8.83 |
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$ |
12.51 |
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$ |
30.00 |
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212,002 |
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6.66 |
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$ |
17.40 |
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55,334 |
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5.77 |
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$ |
16.08 |
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$ |
30.01 |
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$ |
50.00 |
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10,000 |
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8.85 |
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$ |
39.69 |
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— |
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— |
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$ |
— |
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1,222,864 |
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4.46 |
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$ |
7.26 |
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1,056,196 |
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4.05 |
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$ |
5.38 |
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| Summary of Nonvested Stock Option Activity |
The following table summarizes nonvested stock option activity:
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Options |
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Weighted-Average Grant Date Fair Value Per Award |
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Nonvested outstanding at June 30, 2023 |
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270,669 |
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$ |
8.14 |
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Vested |
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(104,001 |
) |
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$ |
7.09 |
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Nonvested outstanding at March 31, 2024 |
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166,668 |
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$ |
8.80 |
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| Summary of Restricted Stock Unit Activity |
The following table summarizes RSU activity:
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Awards
Outstanding |
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Weighted-Average Fair Value per Unit at Grant Date |
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Fiscal 2023 |
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Nonvested outstanding at June 30, 2022 |
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56,093 |
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$ |
32.58 |
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Granted |
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16,435 |
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$ |
29.21 |
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Vested & delivered |
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(3,296 |
) |
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$ |
36.38 |
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Vested & deferred (1) |
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(10,147 |
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$ |
35.46 |
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Nonvested outstanding at March 31, 2023 |
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59,085 |
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$ |
30.93 |
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Vested but subject to deferred settlement at March 31, 2023 (1) |
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29,341 |
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$ |
24.53 |
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Outstanding at March 31, 2023 |
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88,426 |
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$ |
28.81 |
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Fiscal 2024 |
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Nonvested outstanding at June 30, 2023 (2) |
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63,587 |
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$ |
32.37 |
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Granted |
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26,651 |
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$ |
25.28 |
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Vested & delivered |
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(10,481 |
) |
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$ |
30.53 |
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Vested & deferred (1) |
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(12,540 |
) |
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$ |
28.71 |
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Nonvested outstanding at March 31, 2024 (2) |
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67,217 |
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$ |
30.53 |
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Vested but subject to deferred settlement at March 31, 2024 (1) |
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41,910 |
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$ |
25.76 |
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Outstanding at March 31, 2024 (2) |
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109,127 |
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$ |
28.70 |
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(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) Includes 9,397 RSUs that vest based on continuous employment and achievement of non-market performance goals through June 30, 2024, 2025, and 2026.
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