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Stock-Based Compensation (Tables)
12 Months Ended
Jun. 30, 2021
Stock-Based Compensation [Abstract]  
Summarized Stock Option Activity
2021
2020
2019
Expected volatility
 
62
%
57
%
44
%
Expected dividends
 
0
%
0
%
0
%
Expected life (in years)
 
3
3
3
Risk-free rate
 
0.19
%
1.57
%
2.75
%
Range Of Assumptions Used To Value Options Granted
Number of
shares
Weighted
average
exercise
price
($)
Weighted
average
remaining
contractual
term
(in years)
Aggregate
intrinsic
value
($'000)
Weighted
average
grant date
fair value
($)
Outstanding - July 1, 2018
809,274
13.99
2.67
370
4.20
Granted – September 2018
600,000
6.20
10.00
1,212
2.02
Expired unexercised
(370,000)
19.27
-
5.00
Forfeited
(174,695)
6.65
-
2.00
Outstanding - June 30, 2019
864,579
7.81
7.05
-
2.62
Granted – October 2019
561,000
3.07
10.00
676
1.20
Forfeited
(93,928)
7.50
-
2.81
Outstanding - June 30, 2020
1,331,651
5.83
7.56
-
2.01
Granted – August 2020
150,000
3.50
3.00
166
1.11
Granted – November 2020
560,000
3.01
10.00
691
1.23
Exercised
(17,335)
3.07
35
Forfeited
(729,484)
6.65
-
2.24
Outstanding - June 30, 2021
1,294,832
3.93
7.68
1,624
1.45
Number of
shares
Weighted
average
exercise
price
($)
Weighted
average
remaining
contractual
term
(in years)
Aggregate
intrinsic
value
($’000)
Vested
 
and expecting to vest - June 30, 2021
1,294,832
3.93
7.68
1,624
Number of
shares
Weighted
average
exercise
price
($)
Weighted
average
remaining
contractual
term
(in years)
Aggregate
intrinsic
value
($’000)
Exercisable - June 30, 2021
326,677
5.57
7.43
206
Restricted Stock Activity
Number of
shares of
restricted
stock
Weighted
average
grant date
fair value
($’000)
Non-vested – July 1, 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
Granted – February 2020
568,000
2,300
Total vested
(18,908)
70
Vested
 
– March 2020
(11,408)
42
Vested
 
– March 2020 - accelerated vesting
 
(7,500)
28
Forfeitures
(17,500)
65
Non-vested – June 30, 2020
1,115,500
5,354
Granted – May 2021
254,560
1,035
Total vested
(311,300)
1,037
Vested
 
– August 2020
(244,500)
812
Vested
 
– September 2020 - accelerated vesting
 
(66,800)
225
Total forfeitures
(674,200)
2,690
Forfeitures - employee terminations
(644,200)
2,542
Forfeitures – August 2017 awards with market conditions
 
(30,000)
148
Non-vested – June 30, 2021
384,560
1,123
Recorded Net Stock Compensation Charge
Total
 
charge
Allocated to IT
processing,
servicing and
support
Allocated to
selling, general
and
administration
Year
 
ended June 30, 2021
Stock-based compensation charge
 
$
1,430
$
-
$
1,430
Reversal of stock compensation charge related to stock
options and restricted stock forfeited
(1,086)
-
(1,086)
Total - years ended
 
June 30, 2021
$
344
$
-
$
344
Year
 
ended June 30, 2020
Stock-based compensation charge
 
$
1,873
$
-
$
1,873
Reversal of stock compensation charge related to stock
options and restricted stock forfeited
(145)
-
(145)
Total - years ended
 
June 30, 2020
$
1,728
$
-
$
1,728
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 - years ended
 
June 30, 2019
$
393
$
-
$
393