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Stockholders' Equity (Tables)

9 Months Ended

Mar. 31, 2023

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

Dividends declared and paid

​

​	​	​	​	​	​	​
​	​	Fiscal Year
​		2023			2022
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 share repurchases

​

The following table summarizes all treasury stock purchases during the nine months ended March 31, 2023 and 2022:

​

​	​	​	​	​	​	​
​	​	Nine Months Ended
​	​	March 31,
​		2023		​	2022
Number of treasury shares acquired(1)	​	​	650,435	​	​	7,385
Average cost per share(1)	​	$	6.12	​	$	5.09
Total cost of treasury shares acquired	​	$	3,982,849	​	$	37,596

(1) For the nine months ended March 31, 2023, includes 633,789 shares repurchased under the Company’s share repurchase program for a weighted average price of $6.07 per share.

​

Schedule of Market-based Award Valuation Assumptions

For performance-based awards granted during the nine months ended March 31, 2023 and 2022, the assumptions used in the Monte Carlo simulation valuations were as follows:

​

​	​	​	​	​	​	​
​	​	Nine Months Ended
​	​	March 31,
​		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 unit transactions

​

​	​	​	​	​	​	​
​	​	Nine Months Ended
​	​	March 31,
​		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%

Restricted Stock

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

Schedule of restricted stock unit transactions

The following table sets forth the restricted stock transactions for the nine months ended March 31, 2023:

​

​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	Weighted
​	​	​	​	Weighted		​	Unamortized		​	Average
​	​	Number of	​	Average		​	Compensation		​	Remaining
​	​	Restricted	​	Grant-Date		​	Expense		​	Amortization
​		Shares		Fair Value			(In thousands)			Period (Years)
Unvested at June 30, 2022	​	341,211	​	​	4.54	​	$	1,092	​	2.1
Time-vested shares granted	​	376,015	​	​	7.18	​	​	​	​	​
Performance-based shares granted	​	100,239	​	​	7.39	​	​	​	​	​
Vested	​	(133,515)	​	​	5.37	​	​	​	​	​
Forfeited	​	(25,620)	​	​	6.51	​	​	​	​	​
Unvested at March 31, 2023	​	658,330	​	$	6.24	​	$	3,279	​	2.5

​

Contingent restricted stock grants

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

Schedule of restricted stock unit transactions

​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​		​	​	​	​	Weighted
​	​	​	​	​	​	​	Unamortized		​	Average
​	​	Number of	​	Weighted Average		​	Compensation		​	Remaining
​	​	Restricted	​	Grant-Date		​	Expense		​	Amortization
		Stock Units		Fair Value			(In thousands)			Period (Years)
Unvested at June 30, 2022	​	50,062	​	​	2.21	​	$	68	​	1.7
Performance-based awards granted	​	50,123	​	​	4.79	​	​	​	​	​
Vested	​	—	​	​	—	​	​	​	​	​
Forfeited	​	(3,787)	​	​	3.69	​	​	​	​	​
Expired	​	—	​	​	—	​	​	​	​	​
Unvested at March 31, 2023	​	96,398	​	$	3.49	​	$	227	​	2.1

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