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Stock-Based Incentive Plan (Tables) | 9 Months Ended
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Mar. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of Market-based Award Valuation Assumptions | During the nine months ended March 31, 2022 and 2021, the assumptions used in the Monte Carlo simulation valuations were as follows:
| Nine Months Ended March 31,
| 2022 |  | 2021
Weighted average fair value of market-based awards granted | $ | 3.10 |  |  | $ | 3.08 |
Risk-free interest rate | 0.53% to 0.60% |  | 0.23 | %
Expected vesting term in years | 2.64 to 2.79 |  | 2.56
Expected volatility | 64.7% to 64.7% |  | 56.9 | %
Dividend yield | 4.8% to 6.3% |  | 3.2 | %
Schedule of Restricted Stock transactions | Unvested restricted stock awards at March 31, 2022 consisted of the following:
| Number of Restricted Shares |  | Weighted Average Grant-Date Fair Value
Service-based awards | 330,555 |  |  | $ | 4.70 |
Performance-based awards | 379,910 |  |  | 3.34 |
Unvested restricted stock at March 31, 2022 | 710,465 |  |  | $ | 3.97 |
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 nine months ended March 31, 2022:
| Number of Restricted Shares |  | Weighted Average Grant-Date Fair Value |  | Unamortized Compensation Expense at March 31, 2022 |  | Weighted Average Remaining Amortization Period (Years)
Unvested restricted stock at July 1, 2021 | 669,295 |  |  | $ | 3.37 |  |  |  |  |
Service-based shares granted | 182,577 |  |  | 5.73 |  |  |  |  |
Performance-based shares granted | 131,293 |  |  | 3.31 |  |  |  |  |
Vested | (170,884) |  |  | 3.27 |  |  |  |  |
Forfeited | (101,816) |  |  | 3.53 |  |  |  |  |
Unvested restricted stock at March 31, 2022 | 710,465 |  |  | $ | 3.97 |  |  | $ | 1,850,758 |  |  | 2.0
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 March 31, 2022 |  | Weighted Average Remaining Amortization Period (Years)
Unvested contingent shares at July 1, 2021 | 323,080 |  |  | $ | 2.84 |  |  |  |  |
Performance-based awards granted | 65,649 |  |  | 2.67 |  |  |  |  |
Forfeited | (27,483) |  |  | 1.92 |  |  |  |  |
Unvested contingent shares at March 31, 2022 | 361,246 |  |  | $ | 2.88 |  |  | $ | 224,477 |  |  | 1.9

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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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