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Note 9. Stock Compensation Plans (Tables)
3 Months Ended
Sep. 30, 2017
Stock Compensation Plans [Abstract]  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
Performance Shares
 
Quarter Awarded
 
Shares
 
Grant Date Fair Value (2)
Long-Term Performance Shares (1)
 
1st Quarter
 
205,821

 

$18.30

 
 
 
 
 
 
 


(1) Long-term performance shares were awarded to officers and other key employees. Payouts will be based upon a combination of a bonus percentage attainment component calculated under the Company’s profit sharing incentive bonus plan, adjusted to a three-year average bonus percentage, and a growth attainment component, which is the Company’s growth in sales revenue based on comparison of its three-year compounded annual growth rate (“CAGR”) with the Electronics Manufacturing Services Industry’s three-year CAGR. The long-term performance shares awarded are based on three successive annual performance measurement periods, with each annual tranche having a grant date when economic profit tiers are established and approved by the Board near the beginning of the applicable fiscal year and a vesting date shortly after the end of each annual period. The number of shares issued will be less than the maximum shares issuable if one or both of the above-mentioned incentive metric maximum thresholds are not obtained.

(2) The grant date fair value is based on the stock price at the date of the award and is applicable to the first tranche only.