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Stock-Based Compensation
 9 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
STOCK-BASED COMPENSATION STOCK-BASED COMPENSATION
Stock Options
Changes in our stock options for the nine months ended March 31, 2023 were as follows:
OptionsWeighted Average Exercise PriceWeighted Average Remaining Life (years)Aggregate Intrinsic value (in thousands)
Options outstanding, June 30, 2022
271,843 $37.45 
Exercised— 
Lapsed or forfeited(54,229)38.10   
Options outstanding, March 31, 2023
217,614 $37.29 1.6$94 
Options vested, March 31, 2023
217,614 $37.29 1.6$94 
Options exercisable, March 31, 2023
217,614 $37.29 1.6$94 
As of March 31, 2023 and June 30, 2022, there was no unrecognized compensation cost related to options outstanding, and all options were fully vested as of March 31, 2023 and 2022.
The amount of cash received from the exercise of options during the nine months ended March 31, 2023 and 2022 was zero and $0.2 million, respectively. The total intrinsic value of options exercised during the nine months ended March 31, 2023 and 2022 was zero and $0.1 million, respectively.
Restricted Stock Units – Performance Vesting and Time Vesting
Changes in our performance vesting and time vesting restricted stock units for the nine months ended March 31, 2023 were as follows:
Performance Vesting Stock UnitsPerformance Vesting Weighted Average Fair ValueTime Vesting Stock UnitsTime Vesting Weighted Average Fair Value
Unvested, June 30, 2022
350,955 $33.44 1,213,896 $33.53 
Granted189,469 27.27 736,175 26.92 
Vested— — (635,923)32.65 
Performance metric adjustments, net(52,111)27.58 — — 
Forfeited(4,832)30.49 (79,830)30.59 
Unvested, March 31, 2023
483,481 $31.68 1,234,318 $30.23 
During the nine months ended March 31, 2023 and 2022, compensation expense related to time vesting and performance vesting restricted stock units was $17.7 million and $17.2 million, respectively. Performance vesting stock units were adjusted by 52,111 units during the nine months ended March 31, 2023 related to the fiscal 2022 performance year. As of March 31, 2023, the total unrecognized compensation cost related to unvested time vesting and performance vesting restricted stock units was $28.7 million and is expected to be recognized over a weighted average period of 1.8 years.