Stockholders' Equity (Tables)
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3 Months Ended |
Sep. 30, 2025 |
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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 (1) |
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Fiscal 2025 |
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Outstanding at June 30, 2024 |
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1,158,530 |
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$ |
7.10 |
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$ |
29,354 |
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$ |
3.53 |
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Exercises |
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(230,668 |
) |
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$ |
14.23 |
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$ |
6,828 |
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$ |
6.56 |
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Outstanding at September 30, 2024 |
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927,862 |
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$ |
5.32 |
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$ |
36,035 |
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$ |
2.78 |
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Exercisable at September 30, 2024 |
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922,862 |
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$ |
5.14 |
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$ |
36,012 |
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$ |
2.70 |
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Fiscal 2026 |
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Outstanding at June 30, 2025 |
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1,177,862 |
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$ |
9.68 |
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$ |
15,728 |
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$ |
4.39 |
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Grants |
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30,000 |
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$ |
20.57 |
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$ |
159 |
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$ |
7.65 |
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Exercises |
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(5,000 |
) |
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$ |
1.14 |
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$ |
129 |
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$ |
1.81 |
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Forfeitures |
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(100,000 |
) |
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$ |
25.24 |
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$ |
— |
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$ |
10.09 |
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Outstanding at September 30, 2025 |
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1,102,862 |
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$ |
8.60 |
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$ |
19,233 |
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$ |
3.97 |
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Exercisable at September 30, 2025 |
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929,529 |
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$ |
5.62 |
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$ |
18,973 |
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$ |
2.89 |
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(1)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 |
The following table summarizes information about stock options as of September 30, 2025:
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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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|
549,862 |
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3.93 |
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$ |
1.94 |
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549,862 |
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3.93 |
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$ |
1.94 |
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$ |
5.01 |
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$ |
7.50 |
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15,000 |
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1.03 |
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$ |
6.33 |
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15,000 |
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1.03 |
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$ |
6.33 |
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$ |
7.51 |
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$ |
12.50 |
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301,000 |
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0.39 |
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$ |
8.96 |
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301,000 |
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0.39 |
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$ |
8.96 |
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$ |
12.51 |
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$ |
30.00 |
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227,000 |
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8.76 |
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$ |
23.04 |
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53,667 |
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6.18 |
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$ |
18.05 |
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$ |
30.01 |
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$ |
50.00 |
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10,000 |
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7.35 |
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$ |
39.69 |
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10,000 |
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7.35 |
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$ |
39.69 |
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1,102,862 |
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3.95 |
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$ |
8.60 |
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929,529 |
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2.90 |
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$ |
5.60 |
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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, 2025 |
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243,333 |
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$ |
10.17 |
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Granted |
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30,000 |
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$ |
7.65 |
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Forfeitures |
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(100,000 |
) |
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$ |
10.09 |
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Nonvested outstanding at September 30, 2025 |
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173,333 |
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$ |
9.79 |
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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 2025 |
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Nonvested outstanding at June 30, 2024 (3) |
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61,317 |
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$ |
30.61 |
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Granted (as deemed reinvestment of cash dividend equivalents) |
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52 |
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$ |
— |
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(1) |
Vested & deferred (2) |
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(40 |
) |
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$ |
— |
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(1) |
Nonvested outstanding at September 30, 2024 (3) |
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61,329 |
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$ |
30.61 |
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Vested but subject to deferred settlement at September 30, 2024 (2) |
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41,987 |
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$ |
26.03 |
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Outstanding at September 30, 2024 (3) |
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103,316 |
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$ |
28.75 |
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Fiscal 2026 |
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Nonvested outstanding at June 30, 2025 |
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82,690 |
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$ |
26.59 |
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Granted |
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10,578 |
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$ |
22.26 |
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Vested & deferred (1) |
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(100 |
) |
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$ |
— |
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(1) |
Nonvested outstanding at September 30, 2025 (2) |
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93,168 |
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$ |
26.13 |
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Vested but subject to deferred settlement at September 30, 2025 (1) |
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56,250 |
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$ |
26.73 |
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Outstanding at September 30, 2025 (2) |
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149,418 |
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$ |
26.36 |
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(1)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.
(2)
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.
(3)
Includes 3,133 RSUs that vest based on continuous employment and achievement of non-market performance goals through June 30, 2026.
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