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Stock-Based Compensation (Tables)
12 Months Ended
Jun. 30, 2017
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, 2017, and the changes during the period:
 
Number of Stock
Options

 
Weighted
Average
Exercise
Price
 
Aggregate
Intrinsic Value
 
Weighted
Average
Remaining
Contractual
Term (in
years)
Stock Options outstanding at July 1, 2016
35,231

 
$
2.19

 
 

 
 
Exercised
(35,231
)
 
2.19

 
 

 
 
Stock Options outstanding at June 30, 2017

 
$

 
$

 
0.0
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, 2017 (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 Contingent Restricted Stock at June 30, 2017
113,270

 
$
4.64

 
$
121,668

 
2.1

(1) Excludes $276,702 of potential future compensation expense for 39,403 shares of performance-based awards for which vesting is not considered probable at this time for accounting purposes.
Unvested Restricted Stock awards at June 30, 2017 consisted of the following:
Award Type
Number of
Restricted
Shares
 
Weighted
Average
Grant-Date
Fair Value
Service-based awards
217,922

 
$
7.03

Performance-based awards
54,475

 
5.67

Market-based awards
119,227

 
4.97

Unvested Restricted Stock at June 30, 2017
391,624

 
$
6.22

The following table sets forth the Restricted Stock transactions for the year ended June 30, 2017:
 
Number of
Restricted
Shares
 
Weighted
Average
Grant-Date
Fair Value
 
Unamortized Compensation Expense at June 30, 2017
 
Weighted Average Remaining Amortization Period (Years)
Unvested at July 1, 2016
406,848

 
$
6.74

 
$

 
 
Service-based awards granted
86,563

 
7.02

 
 
 
 
Performance-based awards granted
54,475

 
5.67

 
 
 
 
Market-based awards granted
54,475

 
5.44

 
 
 
 
Vested
(210,737
)
 
7.22

 
 
 
 
Unvested Restricted Stock at June 30, 2017
391,624

 
$
6.22

 
$
1,648,297

 
2.0
Unvested Contingent Restricted Stock awards at June 30, 2017 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 Contingent Restricted Stock at June 30, 2017
 
113,270

 
$
4.64