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STOCK-BASED COMPENSATION AND INCENTIVE PERFORMANCE PLANS | 6 Months Ended
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Dec. 31, 2020
Share-based Payment Arrangement [Abstract] |
STOCK-BASED COMPENSATION AND INCENTIVE PERFORMANCE PLANS | STOCK-BASED COMPENSATION AND INCENTIVE PERFORMANCE PLANS The Company has one stockholder approved plan, the Amended and Restated 2002 Long-Term Incentive and Stock Award Plan (the "2002 Plan"), under which the Company’s officers, senior management, other key employees, consultants and directors may be granted equity-based awards. The Company also grants shares under its 2019 Equity Inducement Award Program (the "2019 Inducement Program") to induce selected individuals to become employees of the Company. The 2002 Plan and 2019 Inducement Program are collectively referred to as the "Stock Award Plans." In conjunction with the Stock Award Plans, the Company maintains a long-term incentive program (the “LTI Program”) that provides for performance and market equity awards that can be earned over defined performance periods. The Company's plans are described in Note 15, Stock-Based Compensation and Incentive Performance Plans, in the Notes to the Consolidated Financial Statements in the Form 10-K. Compensation cost and related income tax benefits recognized in the Consolidated Statements of Operations for stock-based compensation plans were as follows:
| Three Months Ended December 31, |  | Six Months Ended December 31,
| 2020 |  | 2019 |  | 2020 |  | 2019
Selling, general and administrative expense | $ | 3,823 |  |  | $ | 3,083 |  |  | $ | 8,190 |  |  | $ | 5,820 |
Discontinued operations | — |  |  | — |  |  | — |  |  | 544 |
Total compensation cost recognized for stock-based compensation plans | $ | 3,823 |  |  | $ | 3,083 |  |  | $ | 8,190 |  |  | $ | 6,364 |
Related income tax benefit | $ | 199 |  |  | $ | 297 |  |  | $ | 1,006 |  |  | $ | 670 |
Restricted Stock Awards of restricted stock are either restricted stock awards ("RSAs") or restricted stock units ("RSUs") that are issued at no cost to the recipient. Performance-based or market-based RSUs are issued in the form of performance share units ("PSUs"). A summary of the restricted stock activity (including all RSAs, RSUs and PSUs) for the six months ended December 31, 2020 is as follows:
| Number of Shares and Units |  | Weighted Average Grant Date Fair Value (per share)
Non-vested RSAs, RSUs and PSUs outstanding at June 30, 2020 | 2,049 |  |  | $ | 15.85 |
Granted | 180 |  |  | $ | 33.83 |
Vested | (206) |  |  | $ | 25.05 |
Forfeited | (62) |  |  | $ | 16.62 |
Non-vested RSAs, RSUs and PSUs outstanding at December 31, 2020 | 1,961 |  |  | $ | 16.49 |
At December 31, 2020 and June 30, 2020, the table above includes a total of 1,407 and 1,384 shares (including an inducement grant of 350 shares made to the Company's CEO as previously disclosed), respectively, that represent the target number of shares that may be earned based on pre-defined market conditions that are eligible to vest ranging from zero to 300% of target. Vested shares during the current period include a total of 20 shares under the 2018-2020 LTIP that actually vested at 150% of target based on achievement of the maximum relative TSR target.
| Six Months Ended December 31,
| 2020 |  | 2019
Fair value of RSAs, RSUs and PSUs granted | $ | 6,101 |  |  | $ | 8,963 |
Fair value of shares vested | $ | 5,150 |  |  | $ | 4,276 |
Tax benefit recognized from restricted shares vesting | $ | 939 |  |  | $ | (58) |
At December 31, 2020, there was $16,107 of unrecognized stock-based compensation expense related to non-vested restricted stock awards which is expected to be recognized over a weighted average period of 2.3 years.

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