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Stock-Based Incentive Plan (Tables)
3 Months Ended
Sep. 30, 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 September 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, 2016
35,231

 
$
2.19

 
 

 
 
Exercised

 

 
 

 
 
Expired

 

 
 
 
 
   Stock Options outstanding at September 30, 2016
35,231

 
2.19

 
$
144,095

 
0.9
   Vested and exercisable at September 30, 2016
35,231

 
$
2.19

 
$
144,095

 
0.9
(1) Based upon the difference between the market price of our common stock on the last trading date of the period ($6.28 as of September 30, 2016) and the Stock Option exercise price of in-the-money Stock Options.
Schedule of Restricted Stock transactions
Unvested Contingent Restricted Stock awards at September 30, 2016 consisted of the following:
Award Type
 
Number of
Contingent
Restricted
Shares
 
Weighted
Average
Grant-Date
Fair Value
Performance-based awards
 
39,403

 
$
7.02

Market-based awards
 
73,867

 
3.37

Unvested at September 30, 2016
 
113,270

 
$
4.64

Unvested Restricted Stock awards at September 30, 2016 consisted of the following:
Award Type
 
Number of
Restricted
Shares
 
Weighted
Average
Grant-Date
Fair Value
Service-based awards
 
252,167

 
6.64

Performance-based awards
 
54,475

 
5.67

Market-based awards
 
147,729

 
5.48

Unvested at September 30, 2016
 
454,371

 
$
6.15

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 three months ended September 30, 2016:
 
Number of
Restricted
Shares
 
Weighted
Average
Grant-Date
Fair Value
 
Unamortized Compensation Expense at September 30, 2016
 
Weighted Average Remaining Amortization Period (Years)
Unvested at July 1, 2016
406,848

 
$
6.74

 
 
 
 
Service-based shares granted
54,473

 
5.67

 
 
 
 
Performance-based shares granted
54,475

 
5.67

 
 
 
 
Market-based shares granted
54,475

 
5.44

 
 
 
 
Vested
(115,900
)
 
7.44

 
 
 
 
Forfeited

 

 
 
 
 
Unvested at September 30, 2016
454,371

 
$
6.15

 
$
2,152,183

 
2.8


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 three months ended September 30, 2016:
 
Number of
Contingent
Restricted
Shares
 
Weighted
Average
Grant-Date
Fair Value
 
Unamortized Compensation Expense at September 30, 2016 (1)
 
Weighted Average Remaining Amortization Period (Years)
Unvested at July 1, 2016
91,172

 
$
5.21

 
 
 
 
Performance-based awards granted
27,237

 
5.67

 
 
 
 
Market-based awards granted
27,237

 
3.42

 
 
 
 
Vested
(32,376
)
 
6.09

 
 
 
 
Unvested at September 30, 2016
113,270

 
$
4.64

 
$
186,703

 
2.7
(1) Excludes $276,702 of potential future compensation expense for performance-based awards for which vesting is not considered probable at this time for accounting purposes.