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Stock-Based Incentive Plan (Tables)

9 Months Ended

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.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
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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.

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