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Stockholders' Equity (Tables)
6 Months Ended
Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Dividends declared and paid

Fiscal Year

    

2024

    

2023

Second quarter ended December 31,

$

0.120

$

0.120

First quarter ended September 30,

0.120

0.120

Schedule of share repurchases

Six Months Ended

December 31, 

    

2023

2022

Number of treasury shares acquired

29,236

12,049

Average cost per share

$

7.29

$

7.19

Total cost of treasury shares acquired

$

213,015

$

86,690

Schedule of Market-based Award Valuation Assumptions

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

Six Months Ended

December 31, 

    

2023

    

2022

Weighted average fair value of performance-based awards granted

$

3.58

$

6.69

Risk-free interest rate

4.87%

3.91% to 4.44%

Expected term in years

2.77

2.66 to 2.78

Expected volatility

55.0%

69.6% to 70.9%

Dividend yield

7.4%

6.1%

Schedule of restricted stock unit transactions

Unvested restricted stock awards as of December 31, 2023 consisted of the following:

Weighted

Number of

Average

Restricted

Grant-Date

Award Type

    

Shares

    

Fair Value

Time-vested awards

439,603

$

6.61

Performance-based awards

278,688

5.46

Unvested at December 31, 2023

718,291

$

6.16

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 six months ended December 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, 2023

595,414

6.48

$

2,827

2.4

Time-vested shares granted

152,192

6.24

Performance-based shares granted

136,315

4.80

Vested

(165,630)

6.26

Unvested at December 31, 2023

718,291

$

6.16

$

3,470

2.1

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 six months ended December 31, 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 December 31, 2023

198,637

$

2.70

$

320

2.0