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Stock-Based Incentive Plan (Tables) | 3 Months Ended
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Sep. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of Market-based Award Valuation Assumptions | For market-based awards granted during the three months ended September 30, 2019 and 2018, the assumptions used in the Monte Carlo simulation valuations, expected lives and fair values were as follows:
| Three Months Ended September 30,
| 2019 |  | 2018
Weighted average fair value of market-based awards granted | $ | 3.50 |  |  | $ | 8.24 |
Risk-free interest rate | 1.87 | % |  | 2.69 | %
Expected vesting term in years | 1.35 |  |  | 2.82 |
Expected volatility | 43.7 | % |  | 41.8 | %
Dividend yield | 6.0 | % |  | 4.0 | %
Schedule of Restricted Stock transactions | Unvested Restricted Stock awards at September 30, 2019 consisted of the following:
| Number of Restricted Shares |  | Weighted Average Grant-Date Fair Value
Service-based awards | 142,132 |  |  | $ | 7.83 |
Market-based awards | 41,888 |  |  | 8.24 |
Unvested Restricted Stock at September 30, 2019 | 184,020 |  |  | $ | 7.92 |
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, 2019:
| Number of Restricted Shares |  | Weighted Average Grant-Date Fair Value |  | Unamortized Compensation Expense at September 30, 2019 |  | Weighted Average Remaining Amortization Period (Years)
Unvested at July 1, 2019 | 176,683 |  |  | $ | 8.09 |  |  |  |  |
Service-based shares granted | 48,872 |  |  | 6.65 |  |  |  |  |
Vested | (33,287 | ) |  | 6.53 |  |  |  |  |
Forfeited | (8,248 | ) |  | 9.48 |  |  |  |  |
Unvested Restricted Stock at September 30, 2019 | 184,020 |  |  | $ | 7.92 |  |  | $ | 889,543 |  |  | 2.06
Contingent Restricted Stock |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of Restricted Stock transactions | Unvested Contingent Restricted Stock awards table below consists solely of market-based awards:
| Number of Contingent Restricted Shares |  | Weighted Average Grant-Date Fair Value |  | Unamortized Compensation Expense at September 30, 2019 |  | Weighted Average Remaining Amortization Period (Years)
Unvested at July 1, 2019 | 10,156 |  |  | $ | 3.42 |  |  |  |  |
Market-based awards granted | 200,000 |  |  | 3.50 |  |  |  |  |
Vested | (10,156 | ) |  | 3.42 |  |  |  |  |
Unvested contingent shares at September 30, 2019 | 200,000 |  |  | $ | 3.50 |  |  | $ | 574,045 |  |  | 1.1

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- Definition Tabular disclosure of the changes in outstanding nonvested shares. + 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 (c)(2) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
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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=116856206&loc=d3e5070-113901 + Details
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
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