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Stock-Based Incentive Plan (Tables)
12 Months Ended
Jun. 30, 2016
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, 2016, and the changes during the period:
 
Number of Stock
Options

 
Weighted
Average
Exercise
Price
 
Aggregate
Intrinsic Value(1)
 
Weighted
Average
Remaining
Contractual
Term (in
years)
Stock Options outstanding at July 1, 2015
91,061

 
$
2.50

 
 

 
 
Exercised
(50,000
)
 
2.55

 
 

 
 
Expired
(5,830
)
 
4.02

 
 

 
 
Stock Options outstanding at June 30, 2016
35,231

 
$
2.19

 
$
115,558

 
1.2
Vested at June 30, 2016
35,231

 
$
2.19

 
$
115,558

 
1.2
Exercisable at June 30, 2016
35,231

 
$
2.19

 
$
115,558

 
1.2

(1)
Based upon the difference between the market price of our common stock on the last trading date of the period ($5.47 as of June 30, 2016) and the Stock Option exercise price of in-the-money Stock Options.
Schedule of Restricted Stock transactions
The following table sets forth the Restricted Stock transactions for the year ended June 30, 2016:
 
Number of
Restricted
Shares
 
Weighted
Average
Grant-Date
Fair Value
 
Unamortized Compensation Expense at June 30, 2016
 
Weighted Average Remaining Amortization Period (Years)
Unvested at July 1, 2015
262,227

 
$
9.37

 
$

 
 
Service-based awards granted
164,610

 
5.84

 
 
 
 
Performance-based awards granted
64,752

 
6.09

 
 
 
 
Market-based awards granted
64,752

 
4.58

 
 
 
 
Vested
(86,719
)
 
8.73

 
 
 
 
Forfeited
(62,774
)
 
9.72

 
 
 
 
Unvested at June 30, 2016
406,848

 
$
6.74

 
$
1,536,125

 
2.6
Unvested Restricted Stock awards at June 30, 2016 consisted of the following:
Award Type
Number of
Restricted
Shares
 
Weighted
Average
Grant-Date
Fair Value
Service-based awards
224,515

 
$
7.08

Performance-based awards
89,079

 
7.17

Market-based awards
93,254

 
5.50

Unvested at June 30, 2016
406,848

 
$
6.74

Unvested Contingent Restricted Stock awards at June 30, 2016 consisted of the following:
Award Type
 
Number of
Contingent
Restricted
Shares
 
Weighted
Average
Grant-Date
Fair Value
Performance-based awards
 
44,542

 
$
7.17

Market-based awards
 
46,630

 
3.34

Unvested at June 30, 2016
 
91,172

 
$
5.21

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, 2016 (1)
 
Weighted Average Remaining Amortization Period (Years)
Unvested at July 1, 2015
56,286

 
$
8.20

 
 
 
 
Performance-based awards granted
32,376

 
6.09

 


 
 
Market-based awards granted
32,376

 
2.93

 


 
 
Forfeited
(29,866
)
 
$
9.33

 
 
 
 
Unvested at June 30, 2016
91,172

 
$
5.21

 
$
107,219

 
2.8

(1) Excludes $122,268 of potential future compensation expense for performance-based awards for which vesting is not considered probable at this time for accounting purposes.