
	Fiscal Year
	2023		2022
Fourth quarter ended June 30,	$	0.120	$	0.100
Third quarter ended March 31,		0.120		0.100
Second quarter ended December 31,		0.120		0.075
First quarter ended September 30,		0.120		0.075

Schedule of Market-based Award Valuation Assumptions


	Years Ended June 30,
	2023		2022
Weighted average fair value of performance-based awards granted	$	6.52	$	3.10
Risk-free interest rate		3.91% to 4.51%		0.53% to 0.60%
Expected term in years		2.36 to 2.78		2.64 to 2.79
Expected volatility		56.5% to 70.9%		64.7%
Dividend yield		6.1% to 7.8%		4.8% to 6.3%

Schedule of restricted stock transactions

The following table sets forth the restricted stock award transactions for the years ended June 30, 2023 and 2022:


						Weighted
		Weighted		Unamortized		Average
	Number of	Average		Compensation		Remaining	Aggregate Intrinsic
	Restricted	Grant-Date		Expense		Amortization	Value ⁽¹⁾
	Shares	Fair Value		(In thousands)		Period (Years)	(In thousands)
Unvested at June 30, 2021	669,295	$	3.37
Time-vested shares granted	205,077		5.88
Performance-based shares granted	131,293		3.31
Vested	(291,227)		3.77
Forfeited	(373,227)		3.35
Unvested at June 30, 2022	341,211	$	4.54	$	1,092	2.1	$	1,863
Time-vested shares granted	376,015		7.18
Performance-based shares granted	100,239		7.39
Vested	(196,431)		4.91
Forfeited	(25,620)		6.51
Unvested at June 30, 2023	595,414	$	6.48	$	2,827	2.4	$	4,805

(1)

The intrinsic value of restricted stock was calculated as the closing market price on June 30, 2023 and 2022 of the underlying stock multiplied by the number of restricted shares that would be issuable. The total fair value of shares vested was $1.4 million and $1.5 million for the years ended June 30, 2023 and 2022, respectively.

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]