Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v2.4.0.8
Stockholders' Equity (Tables)
 3 Months Ended
Sep. 30, 2014
Equity [Abstract]  
Schedule of share based compensation
During the three months ended September 30, 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
 
 
 
Three Months Ended September 30,
 
2014
 
2013
 
Stock option based Compensation Cost related to Shares Settleable in:
 
 
 
 
 
SGI common stock
 
$
—

 
$
—

 
A-Mark common stock
 
39.6

 
—

 
Total stock option based compensation costs
 
$
39.6

 
$
—

 
Schedule of share-based compensation, stock option activity
The following table summarizes the stock option activity for the three months ended September 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, 2014
 
230,787

 
$
10.00

 
$
407

 
$
5.98

Granted through stock option plan
 
—

 
—

 
 
 
 
Exercised
 
—

 
—

 
 
 
 
Cancellations, expirations and forfeitures
 
(660
)
 
48.02

 
 
 
 
Outstanding at September 30, 2014
 
230,127

 
9.89

 
$
446

 
$
6.00

Shares exercisable at September 30, 2014
 
134,242

 
11.00

 
$
155

 
$
5.80


_________________________________
(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 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 September 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

 
8.11
 
$
8.39

 
38,354

 
8.18
 
$
8.50

10.01

 
15.00

 
95,888

 
7.96
 
12.00

 
95,888

 
7.96
 
12.00

 
 
 
 
230,127

 
8.04
 
9.89

 
134,242

 
8.02
 
11.00

Schedule of employee service share based compensation cost recognized period cost attributed pre and post spinoff RSUs
During the three months ended September 30, 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
 
 
 
Three Months Ended September 30,
 
2014
 
2013
 
RSUs-based Compensation Cost related to Share Settleable in:
 
 
 
 
 
SGI common stock
 
$
—

 
$
36.9

 
A-Mark common stock
 
22.6

 
—

 
Total RSUs based compensation costs
 
$
22.6

 
$
36.9

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

 
$
2.72

Shares granted
—

 
—

Shares released
—

 
—

Shares forfeited
—

 
—

Outstanding at September 30, 2014
106,674

 
$
2.72

Vested but unissued at September 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.