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Stockholders' Equity (Tables)
3 Months Ended
Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Dividends declared and paid

Fiscal Year

    

2024

    

2023

First quarter ended September 30,

$

0.120

$

0.120

Schedule of share repurchases

Three Months Ended

September 30, 

    

2023

2022

Number of treasury shares acquired

11,800

3,805

Average cost per share

$

8.89

$

6.94

Total cost of treasury shares acquired

$

104,902

$

26,407

Schedule of Market-based Award Valuation Assumptions

For performance-based awards granted during the three months ended September 30, 2023 and 2022, the assumptions used in the Monte Carlo simulation valuations were as follows:

Three Months Ended

September 30, 

    

2023

    

2022

Weighted average fair value of performance-based awards granted

$

3.58

$

6.78

Risk-free interest rate

4.87%

3.91%

Expected term in years

2.77

3

Expected volatility

55.0%

69.6%

Dividend yield

7.4%

6.1%

Schedule of restricted stock unit transactions

Unvested restricted stock awards as of September 30, 2023 consisted of the following:

Weighted

Number of

Average

Restricted

Grant-Date

Award Type

    

Shares

    

Fair Value

Time-vested awards

489,066

$

6.64

Performance-based awards

278,688

5.46

Unvested at September 30, 2023

767,754

$

6.21

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 award transactions for the three months ended September 30, 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, 2023

595,414

6.48

$

2,827

2.4

Time-vested shares granted

68,157

6.47

Performance-based shares granted

136,315

4.80

Vested

(32,132)

5.80

Unvested at September 30, 2023

767,754

$

6.21

$

3,480

2.4

Contingent restricted stock grants  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of restricted stock unit transactions

The following table sets forth contingent restricted stock unit transactions for the three months ended September 30, 2023:

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, 2023

96,398

$

3.49

$

195

1.9

Performance-based awards granted

102,239

1.95

Unvested at September 30, 2023

198,637

$

2.70

$

365

2.2