Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

v2.4.0.8
Stockholders' Equity (Tables)
 12 Months Ended
Jun. 30, 2014
Equity [Abstract]  
Schedule of share-based compensation, stock option activity
The following table summarizes the stock option activity for the year ended June 30, 2014:
 
 
Options
 
Weighted Average Exercise Price Per Share
 
Aggregate Intrinsic Value
(in thousands)
 
Weighted Average Grant Date Fair Value Per Award (1)
Outstanding at June 30, 2013
 
—

 
$
—

 
 
 
 
Granted through stock option plan
 
—

 
—

 
 
 
 
Stock options issued in spinoff
 
249,846

 
13.75

 
 
 
 
Exercised
 
—

 
—

 
 
 
 
Cancellations, expirations and forfeitures
 
(19,059
)
 
59.10

 
 
 
 
Outstanding at June 30, 2014
 
230,787

 
10.00

 
$
407

 
$
5.98

Shares exercisable at June 30, 2014
 
134,902

 
11.18

 
$
137

 
$
5.77

Schedule of share-based compensation, status of stock option outstanding
Following is a summary of the status of stock options outstanding at June 30, 2014:
 
 
 
 
Options Outstanding
 
Options Exercisable
Exercise Price Ranges
 
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
 
To
 
 
 
 
 
 
$
—

 
$
10.00

 
134,239

 
8.36
 
$
8.39

 
38,354

 
8.43
 
$
8.50

10.01

 
15.00

 
95,888

 
8.21
 
12.00

 
95,888

 
8.21
 
12.00

15.01

 
50.00

 
660

 
0.10
 
48.02

 
660

 
0.10
 
48.02

 
 
 
 
230,787

 
8.27
 
10.00

 
134,902

 
8.23
 
11.18

Schedule of employee service share based compensation cost recognized period cost attributed pre and post spinoff RSUs
During the years ended June 30, 2014, 2013 and 2012, the Company incurred compensation expense related to RSUs granted to the Company's employees (including SGI employees who transferred to the Company in conjunction with the spinoff) that were settleable in shares of SGI common stock (prior to the date of Distribution) and settleable in shares of Company's common stock (subsequent to the date of Distribution and award modification) as set forth below.
in thousands
 
 
 
 
Years Ended June 30,
 
2014
 
2013
 
2012
RSUs-based Compensation Cost related to Share Settleable in:
 
 
 
 
 
 
SGI common stock
 
$
98.2

 
$
169.4

 
$
137.1

A-Mark common stock
 
34.9

 
—

 
—

Total RSUs based compensation costs
 
$
133.1

 
$
169.4

 
$
137.1

The remaining compensation expense that will be recorded under restricted stock grants totals $0.1 million, which will be recorded over a weighted average period of approximately 1.6 years.
Schedule of share-based compensation
The following table summarizes the RSU activity for the year ended June 30, 2014:
 
Shares
 
Weighted Average Share Price at Grant Date (1)
Outstanding at June 30, 2013
—

 
$
—

Shares granted
—

 
—

Shares issued in spinoff
130,646

 
2.22

Shares released
(11,033
)
 
—

Shares surrendered to cover employee minimum withholding taxes
(4,549
)
 
—

Shares forfeited
(8,390
)
 
—

Outstanding at June 30, 2014
106,674

 
$
2.72

Vested but unissued at June 30, 2014
—

 
$
—

_________________________________
(1)
 
For awards held by A-Mark employees, the fair value of the awards assumed in Distribution was based awards' fair value at grant date, which were determined by SGI prior to the Distribution. Since, the Company does not recognize compensation costs for the awards assumed in the Distribution held by employees of SGI, the calculation of the weighted average share price at grant date was solely based on the awards' fair value at grant date that were awarded to employees of A-Mark.
 
 
 
 
 
During the years ended June 30, 2014, 2013 and 2012, the Company incurred compensation expense related to stock options granted to the Company's employees (including SGI employees who transferred to the Company in conjunction with the spinoff) that were settleable in shares of SGI common stock (prior to the date of Distribution) and settleable in shares of Company's common stock (subsequent to the date of Distribution and award modification) as set forth below.
in thousands
 
 
 
 
Years Ended June 30,
 
2014
 
2013
 
2012
Stock option based Compensation Cost related to Shares Settleable in:
 
 
 
 
 
 
SGI common stock
 
$
—

 
$
—

 
$
—

A-Mark common stock
 
60.7

 
—

 
—

Total stock option based compensation costs
 
$
60.7

 
$
—

 
$
—