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Stock-Based Compensation (Tables)
3 Months Ended
Sep. 30, 2020
Stock-Based Compensation [Abstract]  
Summarized Stock Option Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of shares

 

 

Weighted average exercise price

($)

 

 

Weighted average remaining contractual term

(in years)

 

 

Aggregate intrinsic value

($'000)

 

Weighted average grant date fair value

($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding - June 30, 2020

 

1,331,651

 

 

5.83

 

 

7.56

 

 

-

 

2.01

 

 

 

Granted - August 2020

 

150,000

 

 

3.50

 

 

3.00

 

 

166

 

1.11

 

 

 

Forfeited

 

(250,034)

 

 

8.79

 

 

 

 

 

-

 

2.71

 

 

 

 

Outstanding - September 30, 2020

 

1,231,617

 

 

4.97

 

 

7.56

 

 

163

 

1.76

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding - June 30, 2019

 

864,579

 

 

7.81

 

 

7.05

 

 

-

 

2.62

 

 

 

 

Outstanding - September 30, 2019

 

864,579

 

 

7.81

 

 

6.81

 

 

-

 

2.62

 

 

 

 

 

 

 

 

Number of

shares

 

 

Weighted average exercise price

($)

 

 

Weighted average remaining contractual term

(in years)

 

 

Aggregate intrinsic value

($’000)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and expecting to vest - September 30, 2020

 

 

1,231,617

 

 

4.97

 

 

7.56

 

 

163

 

 

 

 

 

 

 

 

Number of

shares

 

 

Weighted average exercise price

($)

 

 

Weighted average remaining contractual term

(in years)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable - September 30, 2020

 

 

400,617

 

 

7.64

 

 

6.84

 

 

 

Range Of Assumptions Used To Value Options Granted

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

 

Expected volatility

 

 

 

 

 

 

 

 

62

%

 

Expected dividends

 

 

 

 

 

 

 

 

0

%

 

Expected life (in years)

 

 

 

 

 

 

 

 

2

 

 

Risk-free rate

 

 

 

 

 

 

 

 

0.11

%

Restricted Stock Activity

 

 

 

 

 

 

 

Number of shares of restricted stock

 

 

 

Weighted average grant date fair value

($’000)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-vested – June 30, 2020

 

 

1,115,500

 

 

 

5,354

 

 

 

 

Total vested

 

 

(311,300)

 

 

 

(1,037)

 

 

 

 

 

Vested – August 2020

 

 

(244,500)

 

 

 

(812)

 

 

 

 

 

Vested – September 2020 - accelerated vesting

 

 

(66,800)

 

 

 

(225)

 

 

 

Forfeitures

 

 

(480,200)

 

 

 

(1,618)

 

 

 

 

 

Non-vested – September 30, 2020

 

 

324,000

 

 

 

1,102

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-vested – June 30, 2019

 

 

583,908

 

 

 

3,410

 

 

 

 

 

 

Non-vested – September 30, 2019

 

 

583,908

 

 

 

3,410

 

 

Recorded Net Stock Compensation Charge

 

 

 

 

 

 

 

 

 

 

Allocated to cost of goods sold,

 

 

Allocated to

 

 

 

 

 

 

 

 

 

 

 

IT processing,

 

 

selling, general

 

 

 

 

 

 

 

 

Total

 

 

servicing and

 

 

and

 

 

 

 

 

 

 

 

charge

 

 

support

 

 

administration

 

 

Three months ended September 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation charge

 

$

682

 

$

-

 

$

682

 

 

 

 

Reversal of stock compensation charge related to stock options and restricted stock forfeited

 

 

(283)

 

 

-

 

 

(283)

 

 

 

 

 

Total - three months ended September 30, 2020

 

$

399

 

$

-

 

$

399

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended September 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation charge

 

$

387

 

$

-

 

$

387

 

 

 

 

 

Total - three months ended September 30, 2019

 

$

387

 

$

-

 

$

387