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Share-Based Compensation (Tables)

12 Months Ended

Jun. 30, 2023

Share-Based Payment Arrangement, Noncash Expense [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

			Fiscal Year Ended June 30,
			2023						2022						2021
			(in thousands)
Share-based compensation related to:
Equity classified stock options			$	1,426					$	1,848					$	1,332
Equity classified restricted stock			9,793						9,815						6,707
Total share-based compensation			$	11,219					$	11,663					$	8,039

Weighted Average Assumptions for the Options Granted During the Following Fiscal Years

The Company used the following weighted-average assumptions for the options granted in fiscal year ended June 30, 2021:

			Fiscal Year Ended June 30,
			2021
Expected term			5 years
Expected volatility			42.78%
Risk-free interest rate			0.36%
Dividend yield			0.00%
Weighted-average fair value per option			$9.01

Stock Option Plans

A summary of activity under our stock option plans is presented below:

			Fiscal Year Ended June 30, 2023
			Options						Weighted- Average Exercise Price						Weighted- Average Remaining Contractual Life						Aggregate Intrinsic Value
Outstanding, beginning of year			1,123,099						$	32.23
Granted during the period			—						—
Exercised during the period			(36,435)						25.00
Canceled, forfeited, or expired during the period			(59,993)						27.70
Outstanding, end of year			1,026,671						32.76						4.57						$	2,113,985
Vested and expected to vest at June 30, 2023			1,026,460						32.76						4.57						$	2,112,871
Exercisable, end of year			855,834						$	34.28					4.01						$	—

Unvested Shares

A summary of the status of the Company’s shares subject to unvested options is presented below:

			Fiscal Year Ended June 30, 2023
			Options						Weighted Average Exercise Price						Weighted Average Grant Date  Fair Value
Unvested, beginning of year			384,638						$	25.16					$	9.08
Granted			—						—						—
Vested			(171,926)						25.11						9.06
Canceled or forfeited			(41,875)						25.51						9.30
Unvested, end of year			170,837						$	25.12					$	9.06

Stock Options Outstanding

The following table summarizes information about stock options outstanding and exercisable as of June 30, 2023:

						Options Outstanding																		Options Exercisable
Range of Exercise Prices						Shares   Outstanding						Weighted Average Remaining   Contractual Life						Weighted Average Exercise Price						Number Exercisable						Weighted Average Exercise Price
$22.27 - $26.38						363,233						7.38						24.53						231,673						24.55
$26.38 - $30.49						119,021						7.40						27.14						79,744						27.14
$30.49 - $34.60						57,799						4.44						34.35						57,799						34.35
$34.60 - $38.71						207,169						2.83						37.71						207,169						37.71
$38.71 - $42.82						279,449						1.02						41.83						279,449						41.83
						1,026,671						4.57						$	32.76					855,834						$	34.28

Restricted Stock Outstanding

During the fiscal year ended June 30, 2023, the Company granted 518,987 shares of restricted stock to employees and non-employee directors, all of which were issued in the form of RSUs:

			Fiscal Year Ended June 30, 2023
			Shares granted						Date granted						Grant date fair value						Vesting period
Employees
Certain employees based on performance			346,059						August 26, 2022						$	28.66					Annually over 4 years
Certain employees based on performance			58,323						August 26, 2022						$	28.66					Annually over 3 years
Certain employees based on performance			58,323						August 26, 2022						$	27.92					Annually over 3 years
Certain employees based on performance			815						December 1, 2022						$	30.70					Annually over 4 years
Certain employees based on hire			13,067						June 1, 2023						$	28.70					Annually over 4 years
Non-Employee Directors
Certain Directors			42,400						August 26, 2022						$	28.66					12 months

A summary of the status of the Company’s outstanding restricted stock is presented below:

			Fiscal Year Ended June 30, 2023
			Shares						Weighted-Average Grant Date Fair Value
Outstanding, beginning of year			639,342						$	32.04
Granted during the period			518,987						28.58
Vested during the period			(224,062)						30.56
Cancelled, forfeited, or expired during the period			(44,357)						31.29
Outstanding, end of year			889,910						$	30.43

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