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Stock-Based Compensation
 3 Months Ended
Sep. 30, 2024
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, 2024 were as follows:
OptionsWeighted Average Exercise PriceWeighted Average Remaining Life (years)Aggregate Intrinsic Value (in thousands)
Options outstanding, June 30, 2024
165,310 $34.78 
Exercised— — 
Lapsed or forfeited(63,363)42.13   
Options outstanding, September 30, 2024
101,947 $30.20 0.9$71 
Options vested, September 30, 2024
101,947 $30.20 0.9$71 
Options exercisable, September 30, 2024
101,947 $30.20 0.9$71 
As of September 30, 2024 and June 30, 2024, there was no unrecognized compensation cost related to options outstanding, and all options were fully vested as of September 30, 2024 and June 30, 2024.
There was no cash received from the exercise of options during the three months ended September 30, 2024 and 2023. The total intrinsic value of options exercised during the three months ended September 30, 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 three months ended September 30, 2024 were as follows:
Performance Vesting Stock UnitsPerformance Vesting Weighted Average Fair ValueTime Vesting Stock UnitsTime Vesting Weighted Average Fair Value
Unvested, June 30, 2024
552,461 $28.73 1,122,569 $27.36 
Granted291,203 25.00 717,158 25.03 
Vested(112,598)36.72 (482,442)28.96 
Performance metric adjustments, net(107,780)32.98 — — 
Forfeited— — (19,466)25.46 
Unvested, September 30, 2024
623,286 $24.81 1,337,819 $25.56 
During the three months ended September 30, 2024 and 2023, compensation expense related to time vesting and performance vesting restricted stock units was $7.4 million and $8.3 million, respectively. Performance vesting stock units were adjusted by 107,780 units during the three months ended September 30, 2024 related to the fiscal 2024 performance year. As of September 30, 2024, the total unrecognized compensation cost related to unvested time vesting and performance vesting restricted stock units was $36.6 million and is expected to be recognized over a weighted average period of 2.1 years.