Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

v3.2.0.727
Stockholders' Equity (Tables)
12 Months Ended
Jun. 30, 2015
Equity [Abstract]  
Schedule of valuation assumptions
The weighted-averages for key assumptions used in determining the fair value of options granted during the year ended June 30, 2015 follows:
Average volatility
 
33.44
%
 
Risk-free interest rate
 
1.47
%
 
Weighted-average expected life in years
 
6.43

 
Dividend yield rate
 
0.5
%
 
Schedule of share based compensation
During the years ended June 30, 2015 and 2014, 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,
 
2015
 
2014
 
Stock option based Compensation Cost related to Shares Settleable in:
 
 
 
 
 
SGI common stock
 
$

 
$

 
A-Mark common stock
 
153.9

 
60.7

 
Total stock option based compensation costs
 
$
153.9

 
$
60.7

 
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

_________________________________
(1)
 
For awards held by A-Mark employees, the fair value of the awards assumed in Distribution was based on the 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 fair value per share price at grant date was solely based on the awards' fair value at grant date that were awarded to employees of A-Mark.
 
The following table summarizes the stock option activity for the year ended June 30, 2015.
 
 
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, 2014
 
230,787

 
$
10.00

 
$
407

 
$
5.98

Granted through stock option plan
 
3,000

 
10.08

 
 
 
 
Exercised
 

 

 
 
 
 
Cancellations, expirations and forfeitures
 
(660
)
 
48.02

 
 
 
 
Outstanding at June 30, 2015
 
233,127

 
9.89

 
$
283

 
$
5.96

Shares exercisable at June 30, 2015
 
158,213

 
10.60

 
$
128

 
$
5.87


_________________________________
(1)
 
For awards held by A-Mark employees, the fair value of the awards assumed in Distribution was based on the 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 fair value per share price at grant date was solely based on the awards' fair value at grant date that were awarded to employees of A-Mark.
 
Schedule of share-based compensation, status of stock option outstanding
Following is a summary of the status of stock options outstanding at June 30, 2015:
 
 
 
 
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

 
7.36
 
$
8.39

 
62,325

 
7.39
 
$
8.44

10.01

 
15.00

 
98,888

 
7.29
 
11.94

 
95,888

 
7.21
 
12.00

 
 
 
 
233,127

 
7.33
 
9.89

 
158,213

 
7.28
 
10.60

Schedule of employee service share based compensation cost recognized period cost attributed pre and post spinoff RSUs
During the years ended June 30, 2015 and 2014, 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,
 
2015
 
2014
RSUs-based Compensation Cost related to Share Settleable in:
 
 
 
 
SGI common stock
 
$

 
$
98.2

A-Mark common stock
 
99.5

 
34.9

Total RSUs based compensation costs
 
$
99.5

 
$
133.1

Schedule of restricted stock activity
The following table summarizes the RSU activity for the year ended June 30, 2015:
 
Shares
 
Weighted Average Share Price at Grant Date (1)
Outstanding at June 30, 2014
106,674

 
$
2.72

Shares granted

 

Shares released
(10,806
)
 
4.31

Shares surrendered to cover employee minimum withholding taxes
(9,570
)
 
4.31

Shares forfeited

 

Outstanding at June 30, 2015
86,298

 
$
2.34

Vested but unissued at June 30, 2015

 
$

_________________________________
(1)
 
For awards held by A-Mark employees, the fair value of the awards assumed in Distribution was based on the 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.
 
 
 
 
 

     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 on the 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.