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Stock-Based Compensation | 9 Months Ended
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Mar. 31, 2024
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, 2024 were as follows:
| Options |  | Weighted Average Exercise Price |  | Weighted 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, March 31, 2024 | 165,310 |  |  | $ | 34.78 |  |  | 1.0 |  | $ | 57 |
Options vested, March 31, 2024 | 165,310 |  |  | $ | 34.78 |  |  | 1.0 |  | $ | 57 |
Options exercisable, March 31, 2024 | 165,310 |  |  | $ | 34.78 |  |  | 1.0 |  | $ | 57 |
As of March 31, 2024 and June 30, 2023, there was no unrecognized compensation cost related to options outstanding, and all options were fully vested as of March 31, 2024 and June 30, 2023. There was no cash received from the exercise of options during the nine months ended March 31, 2024 and 2023. The total intrinsic value of options exercised during the nine months ended March 31, 2024 and 2023 was zero. 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, 2024 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, 2023 | 483,481 |  |  | $ | 31.68 |  |  | 1,207,442 |  |  | $ | 30.26 |
Granted | 270,911 |  |  | 25.99 |  |  | 714,334 |  |  | 25.84 |
Vested | (176,508) |  |  | 33.49 |  |  | (610,537) |  |  | 31.20 |
Performance metric adjustments, net | 37,378 |  |  | 38.45 |  |  | — |  |  | — |
Forfeited | (62,801) |  |  | 32.05 |  |  | (46,749) |  |  | 27.53 |
Unvested, March 31, 2024 | 552,461 |  |  | $ | 28.73 |  |  | 1,264,490 |  |  | $ | 27.41 |
During the nine months ended March 31, 2024 and 2023, compensation expense related to time vesting and performance vesting restricted stock units was $19.8 million and $17.7 million, respectively. Performance vesting stock units were adjusted by 37,378 units during the nine months ended March 31, 2024 related to the fiscal 2023 performance year. As of March 31, 2024, the total unrecognized compensation cost related to unvested time vesting and performance vesting restricted stock units was $28.0 million and is expected to be recognized over a weighted average period of 1.7 years.

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