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Stock-Based Incentive Plan (Tables)
 12 Months Ended
Jun. 30, 2012
Stock-Based Incentive Plan  
Schedule of weighted average assumptions used to calculate the fair value of Stock Options and the weighted average fair value of each option granted

 

 

Expected volatility

 

87.1

%

Expected dividends

 

—

 

Expected term (in years)

 

4.6

 

Risk-free rate

 

3.10

%

Fair value

 

$

2.62

 
Summary of information regarding outstanding Stock Options and Incentive Warrants and the changes during the fiscal year

 

 

 

Number of Stock
Options
and Incentive Warrants

 

Weighted Average
Exercise Price

 

Aggregate
Intrinsic Value
(1)

 

Weighted
Average
Remaining
Contractual
Term (in
years)

 

 

 

 

 

 

 

 

 

 

 

Stock Options and Incentive Warrants outstanding at July 1, 2011

 

5,392,820

 

$

1.85

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

—

 

—

 

 

 

 

 

Exercised

 

(20,000

)

$

4.10

 

 

 

 

 

Cancelled or forfeited

 

—

 

—

 

 

 

 

 

Expired

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock Options and Incentive Warrants outstanding at June 30, 2012

 

5,372,820

 

$

1.83

 

$

34,957,022

 

3.4

 

 

 

 

 

 

 

 

 

 

 

Vested or expected to vest at June 30, 2012

 

5,372,820

 

$

1.83

 

$

34,957,022

 

3.4

 

 

 

 

 

 

 

 

 

 

 

Exercisable at June 30, 2012

 

5,353,898

 

$

1.83

 

$

34,875,456

 

3.4

 

 

 

(1) Based upon the difference between the market price of our common stock on the last trading date of the period ($8.34 as of June 30, 2012) and the Stock Option or Incentive Warrant exercise price of in-the-money Stock Options and Incentive Warrants.

 
Summary of the status of unvested Stock Options and Incentive Warrants and the changes during the year

 

 

 

Number of
Stock Options
and Incentive
Warrants

 

Weighted
Average Grant-
Date Fair Value

 

 

 

 

 

 

 

Unvested at July 1, 2011

 

173,877

 

$

2.20

 

 

 

 

 

 

 

Granted

 

—

 

—

 

 

 

 

 

 

 

Vested

 

(154,955

)

$

2.17

 

 

 

 

 

 

 

Unvested at June 30, 2012

 

18,922

 

$

2.45

 

 
Schedule of Restricted Stock transactions

 

 

 

Number of
Restricted
Shares

 

Weighted
Average
Grant-Date
Fair Value

 

 

 

 

 

 

 

Unvested at July 1, 2011

 

495,689

 

$

4.30

 

 

 

 

 

 

 

Granted

 

196,106

 

$

6.52

 

 

 

 

 

 

 

Vested

 

(239,195

)

$

4.51

 

 

 

 

 

 

 

Unvested at June 30, 2012

 

452,600

 

$

5.60