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Stock-Based Compensation | 3 Months Ended
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Sep. 30, 2022
Share-Based Payment Arrangement [Abstract] |
STOCK-BASED COMPENSATION | STOCK-BASED COMPENSATION Stock Options Changes in our stock options for the three months ended September 30, 2022 were as follows:
| Options |  | Weighted Average Exercise Price |  | Weighted Average Remaining Life (years) |  | Aggregate Intrinsic value (in thousands)
Options outstanding, June 30, 2022 | 271,843 |  |  | $ | 37.45 |  |  |  |  |
Exercised | — |  |  | — |  |  |  |  |
Lapsed or forfeited | (31,163) |  |  | 36.76 |  |  |  |  |
Options outstanding, September 30, 2022 | 240,680 |  |  | $ | 37.54 |  |  | 1.9 |  | $ | — |
Options vested, September 30, 2022 | 240,680 |  |  | $ | 37.54 |  |  | 1.9 |  | $ | — |
Options exercisable, September 30, 2022 | 240,680 |  |  | $ | 37.54 |  |  | 1.9 |  | $ | — |
As of September 30, 2022 and June 30, 2022, there was no unrecognized compensation cost related to options outstanding, and all options were fully vested as of September 30, 2022 and 2021. There was no cash received from the exercise of options during the three months ended September 30, 2022 and 2021. The total intrinsic value of options exercised was zero during the three months ended September 30, 2022 and immaterial during the three months ended September 30, 2021. Restricted Stock Units – Performance Vesting and Time Vesting Changes in our performance vesting and time vesting restricted stock units for the three months ended September 30, 2022 were as follows:
| Performance Vesting Stock Units |  | Performance Vesting Weighted Average Fair Value |  | Time Vesting Stock Units |  | Time Vesting Weighted Average Fair Value
Unvested, June 30, 2022 | 350,955 |  |  | $ | 33.44 |  |  | 1,213,896 |  |  | $ | 33.53 |
Granted | 189,469 |  |  | 27.27 |  |  | 693,410 |  |  | 27.24 |
Vested | — |  |  | — |  |  | (499,717) |  |  | 32.10 |
Performance metric adjustments, net | (52,111) |  |  | 27.58 |  |  | — |  |  | — |
Forfeited | — |  |  | — |  |  | (12,823) |  |  | 32.14 |
Unvested, September 30, 2022 | 488,313 |  |  | $ | 31.67 |  |  | 1,394,766 |  |  | $ | 30.93 |
During the three months ended September 30, 2022 and 2021, compensation expense related to time vesting and performance vesting restricted stock units was $7.8 million and $7.0 million, respectively. Performance vesting stock units were adjusted by 52,111 units during the three months ended September 30, 2022 related to the fiscal 2022 performance year. As of September 30, 2022, the total unrecognized compensation cost related to unvested time vesting and performance vesting restricted stock units was $38.7 million and is expected to be recognized over a weighted average period of 2.1 years.

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