XML 30 R18.htm IDEA: XBRL DOCUMENT
v3.25.0.1

STOCK-BASED COMPENSATION | 6 Months Ended
--- | ---
Dec. 31, 2024
Equity [Abstract] |
STOCK-BASED COMPENSATION | STOCK-BASED COMPENSATION Stock Options The Company estimates the grant date fair value of the stock options with service conditions (i.e., a condition that requires an employee to render services to the Company for a stated period of time to vest) using a Black-Scholes valuation model. The Company’s assumption for expected volatility is based on its historical volatility data related to market trading of its own common stock. The Company uses the simplified method to determine expected term, as the Company does not have adequate historical exercise and forfeiture behavior on which to base the expected life assumption. The dividend yield assumption is based on dividends expected to be paid over the expected life of the stock option. The risk-free interest rate assumption is determined by using the U.S. Treasury rates of the same period as the expected option term of each stock option. The fair value of options granted during the six months ended December 31, 2024 and 2023 were determined using the following assumptions and includes only options with an established grant date under ASC 718:
| Six months ended December 31,
|  | 2024 |  | 2023
Expected volatility (percent) |  | 50.5% |  | 61.3% - 69.7%
Weighted average expected life (years) |  | 4.5 |  | 4.2 - 4.5
Dividend yield (percent) |  | 0.0 | % |  | 0.0 | %
Risk-free interest rate (percent) |  | 3.4% |  | 4.2% - 4.3%
Number of options granted |  | 20,000 |  |  | 125,000 |
Weighted average exercise price |  | $ | 6.35 |  |  | $ | 7.11 |
Weighted average grant date fair value |  | $ | 2.88 |  |  | $ | 4.34 |
Stock-based compensation related to stock options with an established grant date for the three months ended December 31, 2024 and 2023 was $0.2 million and $0.7 million, respectively. Stock-based compensation related to stock options with an established grant date for the six months ended December 31, 2024 and 2023 was $0.7 million and $1.8 million, respectively. Restricted Stock Awards The Company has granted service based restricted stock awards to employees. The Company determines expense related to restricted stock awards using the closing stock price on the grant date and these awards are expensed under the accelerated attribution method over the vesting period which is typically a three-year service period. The total expense recognized for restricted stock awards for the three months ended December 31, 2024 and 2023 wa s $0.7 million and $0.6 million, respectively. The total expense recognized for restricted stock awards for both the six months ended December 31, 2024 and 2023 wa s $1.1 million. The Company has awarded performance stock awards to certain executives which vest each year over a three year period. These stock awards are also subject to the achievement of performance goals established by the Company's Board of Directors each fiscal year. During the three and six months ended December 31, 2024, total expense recognized by the Company for these awards was $0.1 million. There was no expense recognized by the Company during the three and six months ended December 31, 2023 related to performance based stock awards.

X
- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/718/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (l) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration