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Stock-Based Compensation
 3 Months Ended
Sep. 30, 2023
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, 2023 were as follows:
OptionsWeighted Average Exercise PriceWeighted Average Remaining Life (years)Aggregate Intrinsic value (in thousands)
Options outstanding, June 30, 2023
217,614 $37.29 
Exercised— 
Lapsed or forfeited(52,304)45.24   
Options outstanding, September 30, 2023
165,310 $34.78 1.5$56 
Options vested, September 30, 2023
165,310 $34.78 1.5$56 
Options exercisable, September 30, 2023
165,310 $34.78 1.5$56 
As of September 30, 2023 and June 30, 2023, there was no unrecognized compensation cost related to options outstanding, and all options were fully vested as of September 30, 2023 and 2022.
There was no cash received from the exercise of options during the three months ended September 30, 2023 and 2022. The total intrinsic value of options exercised during the three months ended September 30, 2023 and 2022 was zero.
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, 2023 were as follows:
Performance Vesting Stock UnitsPerformance Vesting Weighted Average Fair ValueTime Vesting Stock UnitsTime Vesting Weighted Average Fair Value
Unvested, June 30, 2023
483,481 $31.68 1,207,442 $30.26 
Granted270,911 25.99 676,764 25.99 
Vested(172,542)51.63 (528,627)30.74 
Performance metric adjustments, net37,378 38.45 — — 
Forfeited(44,998)50.87 (8,576)28.10 
Unvested, September 30, 2023
574,230 $21.94 1,347,003 $27.94 
During the three months ended September 30, 2023 and 2022, compensation expense related to time vesting and performance vesting restricted stock units was $8.3 million and $7.8 million, respectively. Performance vesting stock units were adjusted by 37,378 units during the three months ended September 30, 2023 related to the fiscal 2023 performance year. As of September 30, 2023, the total unrecognized compensation cost related to unvested time vesting and performance vesting restricted stock units was $38.6 million and is expected to be recognized over a weighted average period of 2.1 years.