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Stock-Based Incentive Plan (Tables)

3 Months Ended

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.

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