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v3.22.2.2

Stock-Based Compensation (Tables) | 12 Months Ended
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Jun. 30, 2022
Stock-Based Compensation [Abstract] |
Summarized Stock Option Activity |
|  |  |  |  | 2022 |  | 2021 |  | 2020
| Expected volatility | 50 | % |  | 62 | % |  | 57 | %
| Expected dividends | 0 | % |  | 0 | % |  | 0 | %
| Expected life (in years) | 3 |  |  | 3 |  |  | 3 |
| Risk-free rate | 1.61 | % |  | 0.19 | % |  | 1.57 | %
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 ($)
|  | Outstanding - July 1, 2019 |  | 864,579 |  |  | 7.81 |  |  | 7.05 |  |  | - |  | 2.62
|  |  | Granted – October 2019 |  | 561,000 |  |  | 3.07 |  |  | 10.00 |  |  | 676 |  | 1.20
|  |  | Forfeited |  | (93,928) |  |  | 7.50 |  |  |  |  |  |  |  | 2.81
|  | Outstanding - June 30, 2020 |  | 1,331,651 |  |  | 5.83 |  |  | 7.56 |  |  | - |  | 2.01
|  |  | Granted – August 2020 |  | 150,000 |  |  | 3.50 |  |  | 3.00 |  |  | 166 |  | 1.11
|  |  | Granted – November 2020 |  | 560,000 |  |  | 3.01 |  |  | 10.00 |  |  | 691 |  | 1.23
|  |  | Exercised |  | (17,335) |  |  | 3.07 |  |  | - |  |  | 35 |  | -
|  |  | Forfeited |  | (729,484) |  |  | 6.65 |  |  |  |  |  |  |  | 2.24
|  | Outstanding - June 30, 2021 |  | 1,294,832 |  |  | 3.93 |  |  | 7.68 |  |  | 1,624 |  | 1.45
|  |  | Granted – February 2022 |  | 137,620 |  |  | 4.87 |  |  | 10.00 |  |  | 235 |  | 1.71
|  |  | Exercised |  | (249,521) |  |  | 3.05 |  |  | - |  |  | 470 |  | -
|  |  | Forfeited |  | (256,706) |  |  | 4.53 |  |  |  |  |  |  |  | 1.69
|  | Outstanding - June 30, 2022 |  | 926,225 |  |  | 4.14 |  |  | 6.60 |  |  | 1,249 |  | 1.60
|  |  |  |  |  |  | Number of shares |  |  | Weighted average exercise price ($) |  |  | Weighted average remaining contractual term (in years) |  |  | Aggregate intrinsic value ($’000)
| Vested and expecting to vest - June 30, 2022 |  |  | 926,225 |  |  | 4.14 |  |  | 6.60 |  |  | 1,249
|  |  |  |  |  |  | Number of shares |  |  | Weighted average exercise price ($) |  |  | Weighted average remaining contractual term (in years) |  |  | Aggregate intrinsic value ($’000)
| Exercisable - June 30, 2022 |  |  | 380,674 |  |  | 5.00 |  |  | 5.46 |  |  | 163
Restricted Stock Activity |
|  |  |  |  |  | Number of shares of restricted stock |  |  | Weighted average grant date fair value ($’000) |
| Non-vested – July 1, 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 – September 2018 awards with market conditions |  |  | (30,000) |  |  |  | 148 |
| Non-vested – June 30, 2021 |  |  | 384,560 |  |  |  | 1,123 |
|  | Total granted |  |  | 2,168,110 |  |  |  | 11,097 |
|  |  | Granted – July 2021 |  |  | 234,608 |  |  |  | 963 |
|  |  | Granted – August 2021 |  |  | 44,986 |  |  |  | 192 |
|  |  | Granted – November and December 2021 |  |  | 326,158 |  |  |  | 1,766 |
|  |  | Granted – December 2021 |  |  | 50,300 |  |  |  | 269 |
|  |  | Granted – February 2022 |  |  | 29,920 |  |  |  | 146 |
|  |  | Granted – March 2022 |  |  | 207,859 |  |  |  | 1,097 |
|  |  | Granted – April 2022 |  |  | 1,250,486 |  |  |  | 6,540 |
|  |  | Granted – May 2022 |  |  | 23,793 |  |  |  | 124 |
|  | Total granted and vested - November and December 2021 |  |  | - |  |  |  | - |
|  |  | Granted - November and December 2021 |  |  | 71,647 |  |  |  | 393 |
|  |  | Vested - November and December 2021 |  |  | (71,647) |  |  |  | (393) |
|  | Total vested |  |  | (61,861) |  |  |  | 306 |
|  | Total forfeitures |  |  | (105,542) |  |  |  | 542 |
|  |  | Forfeitures - employee terminations |  |  | (75,542) |  |  |  | 382 |
|  |  | Forfeitures – September 2018 awards with market conditions |  |  | (30,000) |  |  |  | 160 |
| Non-vested – June 30, 2022 |  |  | 2,385,267 |  |  |  | 11,879 |
Recorded Net Stock Compensation Charge |
|  |  |  |  |  | Total charge |  | Allocated to IT processing, servicing and support |  | Allocated to selling, general and administration
| Year ended June 30, 2022 |  |  |  |  |  |  |  |  |
|  |  | Stock-based compensation charge |  | $ | 3,082 |  | $ | - |  | $ | 3,082
|  |  | Reversal of stock compensation charge related to stock options and restricted stock forfeited |  |  | (120) |  |  | - |  |  | (120)
|  |  |  | Total - year ended June 30, 2022 |  | $ | 2,962 |  | $ | - |  | $ | 2,962
| 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 - year 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 - year ended June 30, 2020 |  | $ | 1,728 |  | $ | - |  | $ | 1,728

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