Stock-Based Incentive Plan (Tables)

12 Months Ended

Jun. 30, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

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

The following summary presents information regarding outstanding Stock Options as of June 30, 2015, and the changes during the fiscal year:



	Number of Stock Options		Weighted Average Exercise Price		Aggregate Intrinsic Value(1)		Weighted Average Remaining Contractual Term (in years)
Stock Options outstanding at June 30, 2014	178,061		$	2.08
Granted	—		—
Exercised	(87,000	)	$	1.63
Canceled or forfeited	—		—
Expired	—		—
Stock Options outstanding at June 30, 2015	91,061		$	2.50	$	372,000	1.3
Vested or expected to vest at June 30, 2015	91,061		$	2.50	$	372,000	1.3
Exercisable at June 30, 2015	91,061		$	2.50	$	372,000	1.3


(1)	Based upon the difference between the market price of our common stock on the last trading date of the period ($6.59 as of June 30, 2015) and the Stock Option exercise price of in-the-money Stock Option.

Schedule of Restricted Stock transactions

The following table summarizes Contingent Restricted Stock activity:



	Number of Restricted Stock Units	Weighted Average Grant-Date Fair Value		Unamortized Compensation Expense at June 30, 2015 (1)		Weighted Average Remaining Amortization Period (Years)
Unvested at July 1, 2014	—	—
Performance-based awards granted	38,325	$	10.05	$	—
Market-based awards granted	17,961	4.26		—
Unvested at June 30, 2015	56,286	$	8.20	$	57,004	2.5

(1) Excludes $385,166 of potential future compensation expense for performance-based awards for which vesting is not considered probable at this time for accounting purposes.

The following table sets forth the Restricted Stock transactions for the year ended June 30, 2015:



	Number of Restricted Shares		Weighted Average Grant-Date Fair Value		Unamortized Compensation Expense at June 30, 2015 (1)		Weighted Average Remaining Amortization Period (Years)
Unvested at June 30, 2014	140,067		$	8.70	$	—
Service-based awards granted	100,910		9.53
Performance-based awards granted	76,642		10.05
Market-based awards granted	35,914		7.59
Vested	(91,306	)	8.40
Forfeited	—		—
Unvested at June 30, 2015	262,227		$	9.37	$	1,306,990	2.3


(1)	Excludes $770,252 of potential future compensation expense for performance-based awards for which vesting is not considered probable at this time for accounting purposes.