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Stock-Based Incentive Plan (Tables) | 6 Months Ended
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Dec. 31, 2020
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 six months ended December 31, 2020 and 2019, the assumptions used in the Monte Carlo simulation valuations, expected lives and fair values were as follows:
| December 31, |  | December 31,
| 2020 |  | 2019
Weighted average fair value of market-based awards granted | $3.08 |  | $3.79
Risk-free interest rate | 0.23% |  | 1.65% to 1.87%
Expected vesting term in years | 2.56 |  | 1.35 to 2.56
Expected volatility | 56.9% |  | 38.6% to 43.7%
Dividend yield | 3.2% |  | 6% to 7.2%
Schedule of Restricted Stock transactions | Unvested Restricted Stock awards at December 31, 2020 consisted of the following:
| Number of Restricted Shares |  | Weighted Average Grant-Date Fair Value
Service-based awards | 399,174 |  |  | $ | 3.40 |
Market-based awards | 320,533 |  |  | 3.38 |
Unvested Restricted Stock at December 31, 2020 | 719,707 |  |  | $ | 3.39 |
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 six months ended December 31, 2020:
| Number of Restricted Shares |  | Weighted Average Grant-Date Fair Value |  | Unamortized Compensation Expense at December 31, 2020 |  | Weighted Average Remaining Amortization Period (Years)
Unvested at July 1, 2020 | 285,028 |  |  | $ | 5.53 |  |  |  |  |
Service-based shares granted | 341,077 |  |  | 2.93 |  |  |  |  |
Market-based shares granted | 246,160 |  |  | 3.08 |  |  |  |  |
Vested | (102,034) |  |  | 6.15 |  |  |  |  |
Forfeited | (50,524) |  |  | 5.15 |  |  |  |  |
Unvested Restricted Stock at December 31, 2020 | 719,707 |  |  | $ | 3.39 |  |  | $ | 2,023,800 |  |  | 2.3
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 December 31, 2020 |  | Weighted Average Remaining Amortization Period (Years)
Unvested at July 1, 2020 | 200,000 |  |  | $ | 3.50 |  |  |  |  |
Market-based awards granted | 123,080 |  |  | 1.76 |  |  |  |  |
Unvested contingent shares at December 31, 2020 | 323,080 |  |  | $ | 2.85 |  |  | $ | 228,734 |  |  | 2.32

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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=120381028&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=120381028&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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