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Stock-Based Incentive Plan (Tables)

12 Months Ended

Jun. 30, 2019

Share-based Payment Arrangement [Abstract]

Schedule of Valuation Assumptions

Assumptions used in the Monte Carlo simulation valuations for the year ended June 30, 2019 follow below. There were no market-based awards granted for the year ended June 30, 2018.

	Year Ended June 30,
	2019
Weighted average fair value of market-based awards granted	$	8.24
Risk-free interest rate	2.69		%
Expected life in years	2.82
Expected volatility	41.8		%
Dividend yield	4.0		%

Schedule of Restricted Stock transactions

Unvested Restricted Stock awards at June 30, 2019 consisted of the following:

Award Type	Number of Restricted Shares			Weighted Average Grant-Date Fair Value
Service-based awards	112,381			$	8.52
Market-based awards	64,302			7.35
Unvested at June 30, 2019	176,683			$	8.09

The following table summarizes Contingent Restricted Stock activity for fiscal 2019:

	Number of Restricted Stock Units			Weighted Average Grant-Date Fair Value				Unamortized Compensation Expense at June 30, 2019				Weighted Average Remaining Amortization Period (Years)
Unvested at July 1, 2018	28,562			$	6.06
Expired	(7,777	)		10.05
Vested	(10,629	)		5.67
Unvested at June 30, 2019	10,156			$	3.42			$	—			0

The following table sets forth the Restricted Stock transactions for the year ended June 30, 2019:

	Number of Restricted Shares			Weighted Average Grant-Date Fair Value				Unamortized Compensation Expense at June 30, 2019				Weighted Average Remaining Amortization Period (Years)
Unvested at July 1, 2018	199,477			$	6.83			$	—
Service-based awards granted	66,992			9.17
Market-based awards granted	43,990			8.24
Vested	(133,776	)		6.80
Unvested at June 30, 2019	176,683			$	8.09			$	848,262			1.75

Schedule of Restricted Stock Activity

The following is a summary of Restricted Stock vestings for the last two fiscal years:

	Year Ended June 30,
	2019				2018
Vesting-date intrinsic value of Restricted Stock	$	1,141,631			$	1,622,937
Grant-date fair value of vested Restricted Stock	$	909,678			$	1,427,498
Number of awards vesting	133,776				211,960

The following is a summary of Contingent Restricted Stock vestings for the last two fiscal years:

	Year Ended June 30,
	2019				2018
Vest-date intrinsic value of Contingent Restricted Stock	$	105,227			$	347,852
Grant-date fair value of vested Contingent Restricted Stock	$	60,266			$	155,744
Number of awards vesting	10,629				46,630

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Tabular disclosure of the changes in outstanding nonvested shares.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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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.

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