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Stock-Based Incentive Plan (Tables) | 3 Months Ended
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Sep. 30, 2021
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, 2021, the assumptions used in the Monte Carlo simulation valuations, expected lives and fair values were as follows:
| September 30, |  | September 30,
| 2021 |  | 2020
Weighted average fair value of market-based awards granted | $ | 3.31 |  |  | $ | — |
Risk-free interest rate | 0.53 | % |  | — | %
Expected vesting term in years | 3 |  | 0
Expected volatility | 64.7 | % |  | — | %
Dividend yield | 6.3 | % |  | — | %
Schedule of Restricted Stock transactions | Unvested Restricted Stock awards at September 30, 2021 consisted of the following:
| Number of Restricted Shares |  | Weighted Average Grant-Date Fair Value
Time-Vested Restricted Stock awards | 342,341 |  |  | $ | 3.56 |
Performance-Based Restricted Stock awards | 389,594 |  |  | 3.34 |
Unvested Restricted Stock at September 30, 2021 | 731,935 |  |  | $ | 3.44 |
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, 2021:
| Number of Restricted Shares |  | Weighted Average Grant-Date Fair Value |  | Unamortized Compensation Expense at September 30, 2021 |  | Weighted Average Remaining Amortization Period (Years)
Unvested at July 1, 2021 | 669,295 |  |  | $ | 3.37 |  |  |  |  |
Time-Vested Restricted Stock shares granted | 65,647 |  |  | 4.77 |  |  |  |  |
Performance-Based Restricted Stock shares granted | 131,293 |  |  | 3.31 |  |  |  |  |
Vested | (54,510) |  |  | 3.71 |  |  |  |  |
Forfeited and expired | (79,790) |  |  | 3.47 |  |  |  |  |
Unvested Restricted Stock at September 30, 2021 | 731,935 |  |  | $ | 3.44 |  |  | $ | 1,932,587 |  |  | 2.16
Contingent Restricted Stock |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of Restricted Stock transactions | Unvested Performance-Based Contingent Share awards in 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, 2021 |  | Weighted Average Remaining Amortization Period (Years)
Unvested at July 1, 2021 | 323,080 |  |  | $ | 2.84 |  |  |  |  |
Forfeited | (22,640) |  |  | $ | 1.76 |  |  |  |  |
Unvested contingent shares at September 30, 2021 | 300,440 |  |  | $ | 2.92 |  |  | $ | 120,692 |  |  | 1.74

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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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