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Stock-Based Compensation (Tables) | 9 Months Ended
--- | ---
Mar. 31, 2019
Stock-Based Compensation [Abstract] |
Summarized Stock Option Activity |
|  |  |  | Weighted |  |  |  |
|  |  | Weighted | average |  |  |  | Weighted
|  |  | average | remaining |  | Aggregate |  | average
|  |  | exercise | contractual |  | intrinsic |  | grant date
| Number of |  | price | term |  | value |  | fair value
| shares |  | ($) | (in years) |  | ($'000) |  | ($)
Outstanding – June 30, 2018 | 809,274 |  | 13.99 | 2.67 |  | 370 |  | 4.20
Granted – September 2018 | 600,000 |  | 6.20 | 10.00 |  | 1,212 |  | 2.02
Forfeitures | (278,386 | ) | 19.16 |  |  |  |  | 5.00
Outstanding – March 31, 2019 | 1,130,888 |  | 8.60 | 6.33 |  | - |  | 2.70
Outstanding – June 30, 2017 | 846,607 |  | 13.87 | 3.80 |  | 486 |  | 4.21
Forfeitures | (37,333 | ) | 11.23 |  |  |  |  | 4.55
Outstanding – March 31, 2018 | 809,274 |  | 13.99 | 2.92 |  | 427 |  | 4.20
The following table presents stock options vested and expected to vest as of March 31, 2019:
|  |  | Weighted |  |  |
|  | Weighted | average |  |  |
|  | average | remaining |  | Aggregate |
|  | exercise | contractual |  | intrinsic |
| Number of | price | term |  | value |
| shares | ($) | (in years) |  | ($'000) |
Vested and expected to vest – March 31, 2019 | 1,130,888 | 8.60 | 6.33 |  | - |
|  |  | Weighted |  |  |
|  | Weighted | average |  |  |
|  | average | remaining |  | Aggregate |
|  | exercise | contractual |  | intrinsic |
| Number of | price | term |  | value |
| shares | ($) | (in years) |  | ($'000) |
Exercisable – March 31, 2019 | 547,888 | 11.13 | 2.97 |  | - |
Range Of Assumptions Used To Value Options Granted |
| Nine months |
| ended |
| March 31, |
| 2019 |
Expected volatility | 44 | %
Expected dividends | 0 | %
Expected life (in years) | 3 |
Risk-free rate | 2.75 | %
Restricted Stock Activity |
| Number of |  |  | Weighted |
| shares of |  |  | average grant |
| restricted |  |  | date fair value |
| stock |  |  | ($'000) |
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 |
Forfeitures | (18,000 | ) |  | 70 |
Non-vested – March 31, 2019 | 831,408 |  |  | 5,496 |
Non-vested – June 30, 2017 | 505,473 |  |  | 11,173 |
Total Granted | 611,411 |  |  | 4,522 |
Granted – August 2017 | 588,594 |  |  | 4,288 |
Granted – March 2018 | 22,817 |  |  | 234 |
Vested – August 2017 | (56,250 | ) |  | 527 |
Total Forfeitures | (125,961 | ) |  | 1,491 |
Forfeitures | (30,635 | ) |  | 358 |
Forfeitures – August and November 2014 awards with market conditions | (95,326 | ) |  | 1,133 |
Non-vested – March 31, 2018 | 934,673 |  |  | 9,608 |
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, 2019 |  |  |  |  |  |  |  |
Stock-based compensation charge | $ | 578 |  |  | - | $ | 578 |
Reversal of stock compensation charge related to |  |  |  |  |  |  |  |
restricted stock and stock options forfeited | $ | (91 | ) |  | - | $ | (91 | )
Total – three months ended March 31, 2019 | $ | 487 |  | $ | - | $ | 487 |
Three months ended March 31, 2018 |  |  |  |  |  |  |  |
Stock-based compensation charge | $ | 575 |  | $ | - | $ | 575 |
Total – three months ended March 31, 2018 | $ | 575 |  | $ | - | $ | 575 |
|  |  |  |  | Allocated to cost |  |  |
|  |  |  |  | of goods sold, IT |  | Allocated to |
|  |  |  |  | processing, |  | selling, general |
|  | Total |  |  | servicing and |  | and |
|  | charge |  |  | support |  | administration |
Nine months ended March 31, 2019 |  |  |  |  |  |  |  |
Stock-based compensation charge | $ | 1,763 |  | $ | - | $ | 1,763 |
Reversal of stock compensation charge related to |  |  |  |  |  |  |  |
restricted stock and stock options forfeited |  | (91 | ) |  | - |  | (91 | )
Total – nine months ended March 31, 2019 | $ | 1,672 |  | $ | - | $ | 1,672 |
Nine months ended March 31, 2018 |  |  |  |  |  |  |  |
Stock-based compensation charge | $ | 2,052 |  | $ | - | $ | 2,052 |
Reversal of stock compensation charge related to |  |  |  |  |  |  |  |
stock options forfeited |  | (42 | ) |  | - |  | (42 | )
Total – nine months ended March 31, 2018 | $ | 2,010 |  | $ | - | $ | 2,010 |

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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