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Stock-Based Compensation (Tables) | 12 Months Ended
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Jun. 30, 2019
Stock-Based Compensation [Abstract] |
Range Of Assumptions Used To Value Options Granted |
| 2019 |
Expected volatility | 44 | %
Expected dividends | 0 | %
Expected life (in years) | 3 |
Risk-free rate | 2.75 | %
Summarized Stock Option Activity |
|  |  |  | Weighted |  |  |  |
|  |  |  | Average |  |  |  | Weighted
|  |  | Weighted | Remaining |  | Aggregate |  | Average
|  |  | average | Contractual |  | Intrinsic |  | Grant
| Number of |  | exercise | Term |  | Value |  | Date Fair
| shares |  | price ($) | (in years) |  | ($'000) |  | Value ($)
Outstanding – July 1, 2016 | 2,077,524 |  | 15.92 | 3.65 |  | 926 |  | 4.15
Exercised | (321,026 | ) | 8.97 |  |  | 3,607 |  | 2.58
Expired unexercised | (474,443 | ) | 22.51 |  |  | - |  | 3.98
Forfeitures | (435,448 | ) | 17.88 |  |  | - |  | 5.34
Outstanding – June 30, 2017 | 846,607 |  | 13.87 | 3.80 |  | 486 |  | 4.21
Forfeitures | (37,333 | ) | 11.23 |  |  | - |  | 4.55
Outstanding – June 30, 2018 | 809,274 |  | 13.99 | 2.67 |  | 370 |  | 4.20
Granted – September 2018 | 600,000 |  | 6.20 | 10.00 |  | 1,212 |  | 2.02
Expired unexercised | (370,000 | ) | 19.27 |  |  |  |  | 5.00
Forfeitures | (174,695 | ) | 6.65 |  |  |  |  | 2.00
Outstanding – June 30, 2019 | 864,579 |  | 7.81 | 7.05 |  | - |  | 2.62
The following table presents stock options vested and expected to vest as of June 30, 2019:
|  |  | Weighted |  |  |
|  | Weighted | average |  |  |
|  | average | remaining |  | Aggregate |
|  | exercise | contractual |  | intrinsic |
| Number of | price | term |  | value |
| shares | ($) | (in years) |  | ($'000) |
Vested and expected to vest – June 30, 2019 | 864,579 | 7.81 | 7.05 |  | - |
|  |  | Weighted |  |  |
|  |  | Average |  |  |
|  | Weighted | Remaining |  | Aggregate |
|  | average | Contractual |  | Intrinsic |
| Number of | exercise | Term |  | Value |
| shares | price ($) | (in years) |  | ($'000) |
Exercisable – June 30, 2019 | 353,579 | 10.15 | 3.84 |  | - |
Restricted Stock Activity |
| Number of |  |  | Weighted |
| Shares of |  |  | Average Grant |
| Restricted |  |  | Date Fair Value |
| Stock |  |  | ($'000) |
Non-vested – July 1, 2016 | 589,447 |  |  | 7,622 |
Total granted | 389,587 |  |  | 4,172 |
Granted – August 2016 | 387,000 |  |  | 4,145 |
Granted – May 2017 | 2,587 |  |  | 27 |
Total vested | (268,091 | ) |  | 2,590 |
Vested – August 2016 | (68,091 | ) |  | 694 |
Vested – June 2017 | (200,000 | ) |  | 1,896 |
Forfeitures | (205,470 | ) |  | 2,219 |
Non-vested – June 30, 2017 | 505,473 |  |  | 11,173 |
Total granted | 618,411 |  |  | 4,581 |
Granted – August 2017 | 588,594 |  |  | 4,288 |
Granted – March 2018 | 22,817 |  |  | 234 |
Granted – May 2018 | 7,000 |  |  | 59 |
Vested – August 2017 | (56,250 | ) |  | 527 |
Total forfeitures | (302,223 | ) |  | 3,222 |
Forfeitures – employee terminations | (33,635 | ) |  | 516 |
Forfeitures – August and November 2014 awards with market conditions | (95,326 | ) |  | 1,133 |
Forfeitures – August 2015 awards with performance conditions | (173,262 | ) |  | 1,573 |
Non-vested – June 30, 2018 | 765,411 |  |  | 6,162 |
Granted – September 2018 | 148,000 |  |  | 114 |
Total vested | (64,003 | ) |  | 503 |
Vested – August 2018 | (52,594 | ) |  | 459 |
Vested – March 2019 | (11,409 | ) |  | 44 |
Total forfeitures | (265,500 | ) |  | 1,060 |
Forfeitures – employee terminations | (115,500 | ) |  | 460 |
Forfeitures – August 2016 awards with performance conditions | (150,000 | ) |  | 600 |
Non-vested – June 30, 2019 | 583,908 |  |  | 3,410 |
Recorded Net Stock Compensation Charge |
|  |  |  |  | Allocated to |  |  |
|  |  |  |  | cost of goods |  |  |
|  |  |  |  | sold, IT |  | Allocated to |
|  | Total |  |  | processing, |  | selling, |
|  | charge |  |  | servicing |  | general and |
|  | (reversal) |  |  | and support |  | administration |
Year ended June 30, 2019 |  |  |  |  |  |  |  |
Stock-based compensation charge | $ | 2,319 |  | $ | - | $ | 2,319 |
Reversal of stock compensation charge related to stock options |  |  |  |  |  |  |  |
and restricted stock forfeited |  | (1,926 | ) |  | - |  | (1,926 | )
Total – year ended June 30, 2019 | $ | 393 |  | $ | - | $ | 393 |
Year ended June 30, 2018 |  |  |  |  |  |  |  |
Stock-based compensation charge | $ | 2,656 |  | $ | - | $ | 2,656 |
Reversal of stock compensation charge related to restricted stock |  |  |  |  |  |  |  |
forfeited |  | (49 | ) |  | - |  | (49 | )
Total – year ended June 30, 2018 | $ | 2,607 |  | $ | - | $ | 2,607 |
Year ended June 30, 2017 |  |  |  |  |  |  |  |
Stock-based compensation charge | $ | 3,905 |  | $ | - | $ | 3,905 |
Reversal of stock compensation charge related to stock options |  |  |  |  |  |  |  |
and restricted stock forfeited |  | (1,923 | ) |  | - |  | (1,923 | )
Total – year ended June 30, 2017 | $ | 1,982 |  | $ | - | $ | 1,982 |

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