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Stock-Based Compensation (Tables)
 9 Months Ended
Mar. 31, 2014
Stock-Based Compensation [Abstract]  
Summarized Stock Option Activity

The following table summarizes stock option activity for the nine months ended March 31, 2014 and 2013:

        Weighted       Weighted
      Weighted Average       Average
      average Remaining Aggregate Grant
      exercise Contractual Intrinsic Date Fair
  Number of   price Term Value Value
  shares   ($) (in years) ($' 000) ($)
 
Outstanding – June 30, 2013 2,648,583   15.15 5.98   313    
Granted under Plan: August                
2013 224,896   7.35 10.00   568   2.53
Exercised (10,000 ) 8.75     12    
Forfeited (136,420 ) 23.51          
Outstanding – March 31,                
2014 2,727,059   14.12 5.63   2,290    
 
Outstanding – June 30, 2012 2,247,583   16.28 6.43   602    
Granted under Plan: August                
2012 431,000   8.75 10.00   1,249   2.90
Exercised (30,000 ) 7.98     24    
Outstanding – March 31,                
2013 2,648,583   15.15 6.74   978    

 

The following table presents stock options vesting and expecting to vest as of March 31, 2014:

      Weighted      
    Weighted Average      
    average Remaining Aggregate
    exercise Contractual Intrinsic
  Number of price Term Value
  shares ($) (in years) ($' 000)
Vested and expecting to vest            
– March 31, 2014 2,727,059 14.12 5.63   2,290  

 

These options have an exercise price range of $6.59 to $24.46.

 
        Weighted      
        Average      
      Weighted Remaining Aggregate
      average Contractual Intrinsic
  Number of   exercise Term Value
  shares   price ($) (in years) ($' 000)
Exercisable 1,998,497 $ 16.08 4.80 $ 1,057  

 
Range Of Assumptions Used To Value Options Granted
         
  Three and nine months ended  
      March 31,  
  2014   2013  
Expected volatility 50 % 49 %
Expected dividends 0 % 0 %
Expected life (in years) 3   3  
Risk-free rate 0.9 % 0.3 %
Restricted Stock Activity
      Weighted
  Number of   Average
  Shares of   Grant Date
  Restricted   Fair Value
  Stock   ($' 000)
Non-vested – June 30, 2013 405,226     4,393  
Granted – August 2013 187,963     1,382  
Vested – August 2013 (16,907 )   161  
Vested – February 2014 (183,333 )   1,742  
Forfeitures – October 2013 (7,171 )   84  
Non-vested – March 31, 2014 385,778     3,534  
 
Non-vested – June 30, 2012 646,617     7,061  
Granted – August 2012 21,569     189  
Granted – February 2013 (183,333 )   1,016  
Vested – August 2012 (23,436 )   216  
Non-vested – March 31, 2013 461,417     4,988  
Recorded Net Stock Compensation Charge

:

      Allocated to cost    
      of goods sold, IT   Allocated to
      processing,   selling, general
    Total servicing and   and
    charge support   administration
Three months ended March 31, 2014          
Stock-based compensation charge $ 922 - $ 922
Total – three months ended March 31, 2014 $ 922 $ - $ 922
 
Three months ended March 31, 2013          
Stock-based compensation charge $ 1,092 $ - $ 1,092
Total – three months ended March 31, 2013 $ 1,092 $ - $ 1,092

 

 

        Allocated to cost      
        of goods sold, IT   Allocated to  
        processing,   selling, general  
    Total   servicing and   and  
    charge   support   administration  
Nine months ended March 31, 2014              
Stock-based compensation charge $ 2,826   $ $- $ 2,826  
Reversal of stock compensation charge related to              
restricted stock forfeited   (6 ) -   (6 )
Total – nine months ended March 31, 2014 $ 2,820   $ $- $ 2,820  
 
Nine months ended March 31, 2013              
Stock-based compensation charge $ 3,325   $ - $ 3,325  
Total – nine months ended March 31, 2013 $ 3,325   $ $- $ 3,325