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Stock-Based Incentive Plan (Tables) | 12 Months Ended
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Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Schedule of Valuation Assumptions | . The range of assumptions used in the Monte Carlo simulation valuations for the years ended June 30, 2017 and 2016 were as follows:
| Years Ended June 30
| 2017 |  | 2016
Weighted average fair value of market-based awards granted | $ | 4.97 |  |  | $ | 5.50 |
Risk-free interest rate | 1.03 | % |  | 1.46 | %
Expected life in years | 2.83 |  |  | 3.83 |
Expected volatility | 37.8 | % |  | 34.9 | %
Dividend yield | 3.5 | % |  | 3.3 | %
Schedule of Restricted Stock transactions | Unvested Restricted Stock awards at June 30, 2018 consisted of the following:
Award Type | Number of Restricted Shares |  | Weighted Average Grant-Date Fair Value
Service-based awards | 157,906 |  |  | $ | 7.16 |
Performance-based awards | 21,259 |  |  | 5.67 |
Market-based awards | 20,312 |  |  | 5.44 |
Unvested at June 30, 2018 | 199,477 |  |  | $ | 6.83 |
Unvested Contingent Restricted Stock awards at June 30, 2018 consisted of the following:
Award Type |  | Number of Contingent Restricted Shares |  | Weighted Average Grant-Date Fair Value
Performance-based awards |  | 18,406 |  |  | $ | 7.52 |
Market-based awards |  | 10,156 |  |  | 3.42 |
Unvested at June 30, 2018 |  | 28,562 |  |  | $ | 6.06 |
The following table sets forth the Restricted Stock transactions for the year ended June 30, 2018:
| Number of Restricted Shares |  | Weighted Average Grant-Date Fair Value |  | Unamortized Compensation Expense at June 30, 2018 |  | Weighted Average Remaining Amortization Period (Years)
Unvested at July 1, 2017 | 391,624 |  |  | $ | 6.22 |  |  | $ | — |  |  |
Service-based awards granted | 136,907 |  |  | 7.53 |  |  |  |  |
Vested | (211,960 | ) |  | 6.73 |  |  |  |  |
Forfeited | (117,094 | ) |  | 5.78 |  |  |  |  |
Unvested at June 30, 2018 | 199,477 |  |  | $ | 6.83 |  |  | $ | 747,204 |  |  | 2.0
The following table summarizes Contingent Restricted Stock activity for fiscal 2018:
| Number of Restricted Stock Units |  | Weighted Average Grant-Date Fair Value |  | Unamortized Compensation Expense at June 30, 2018 (1) |  | Weighted Average Remaining Amortization Period (Years)
Unvested at July 1, 2017 | 113,270 |  |  | $ | 4.64 |  |  |  |  |
Forfeited | (38,078 | ) |  | 5.17 |  |  |  |  |
Vested | (46,630 | ) |  | 3.34 |  |  |  |  |
Unvested at June 30, 2018 | 28,562 |  |  | $ | 6.06 |  |  | $ | 12,251 |  |  | 1.0
(1) Excludes $78,159 of potential future compensation expense for performance-based awards for which vesting is not considered probable at this time for accounting purposes.
Schedule of Restricted Stock Activity | The following is a summary of Restricted Stock vestings for the last three fiscal years:
| Year Ended June 30,
| 2018 |  | 2017 |  | 2016
Vesting-date intrinsic value of Restricted Stock | $ | 1,622,937 |  |  | $ | 1,478,478 |  |  | $ | 485,580 |
Grant-date fair value of vested Restricted Stock | $ | 1,427,498 |  |  | $ | 1,520,569 |  |  | $ | 757,229 |
The following is a summary of Contingent Restricted Stock vestings for the last three fiscal years:
| Year Ended June 30,
| 2018 |  | 2017 |  | 2016
Vest-date intrinsic value of Contingent Restricted Stock | $ | 347,852 |  |  | $ | 183,572 |  |  | $ | — |
Grant-date fair value of vested Contingent Restricted Stock | $ | 155,744 |  |  | $ | 197,170 |  |  | $ | — |

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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