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Stock-Based Incentive Plan (Tables)

9 Months Ended

Mar. 31, 2016

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

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 March 31, 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	(20,000	)		2.55
Expired	(5,830	)		4.02
Stock Options outstanding at March 31, 2016	65,231			2.36				$	163,367			0.8
Vested and exercisable at March 31, 2016	65,231			$	2.36			$	163,367			0.8

(1) Based upon the difference between the market price of our common stock on the last trading date of the period ($4.86 as of March 31, 2016) and the Stock Option exercise price of in-the-money Stock Options.

Schedule of Restricted Stock transactions

Unvested Contingent Restricted Stock awards at March 31, 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 March 31, 2016		91,172			$	5.21

Unvested Restricted Stock awards at March 31, 2016 consisted of the following:

Award Type		Number of Restricted Shares			Weighted Average Grant-Date Fair Value
Service-based awards		230,400			7.14
Performance-based awards		89,079			7.17
Market-based awards		93,254			5.50
Unvested at March 31, 2016		412,733			$	6.78

Restricted Stock

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Restricted Stock transactions

The following table sets forth the Restricted Stock transactions for the nine months ended March 31, 2016:

	Number of Restricted Shares			Weighted Average Grant-Date Fair Value				Unamortized Compensation Expense at March 31, 2016 (1)				Weighted Average Remaining Amortization Period (Years)
Unvested at July 1, 2015	262,227			$	9.37
Service-based shares granted	164,610			5.84
Performance-based shares granted	64,752			6.09
Market-based shares granted	64,752			4.58
Vested	(80,834	)		8.68
Forfeited	(62,774	)		9.72
Unvested at March 31, 2016	412,733			$	6.78			$	2,125,092			2.8

(1) Excludes $244,486 of potential future compensation expense for performance-based awards for which vesting is not considered probable at this time for accounting purposes.

Contingent Restricted Stock

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Restricted Stock transactions

The following table sets forth Contingent Restricted Stock transactions for the nine months ended March 31, 2016:

	Number of Contingent Restricted Shares			Weighted Average Grant-Date Fair Value				Unamortized Compensation Expense at March 31, 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 March 31, 2016	91,172			$	5.21			$	118,058			3.0

(1) Excludes $319,438 of potential future compensation expense for performance-based awards for which vesting is not considered probable at this time for accounting purposes.

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Tabular disclosure of the changes in outstanding nonvested shares.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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+ References

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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
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