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STOCK-BASED COMPENSATION AND INCENTIVE PERFORMANCE PLANS
 9 Months Ended
Mar. 31, 2021
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 March 31,Nine Months Ended March 31,
 2021202020212020
Selling, general and administrative expense
$3,698 $3,761 $11,888 $9,581 
Discontinued operations— — — 544 
Total compensation cost recognized for stock-based compensation plans$3,698 $3,761 $11,888 $10,125 
Related income tax benefit$441 $630 $1,447 $1,300 

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 nine months ended March 31, 2021 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, 20202,049 $15.85 
Granted206 $35.45 
Vested(333)$23.58 
Forfeited(109)$16.50 
Non-vested RSAs, RSUs and PSUs outstanding at March 31, 20211,813 $16.59 

At March 31, 2021 and June 30, 2020, the table above includes a total of 1,389 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 and 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.

Nine Months Ended March 31,
20212020
Fair value of RSAs, RSUs and PSUs granted$7,298 $16,634 
Fair value of shares vested$12,266 $5,848 
Tax benefit recognized from restricted shares vesting$1,786 $(102)

At March 31, 2021, there was $13,091 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 1.2 years.