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Stockholders' Equity | 6 Months Ended
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Dec. 31, 2020
Equity [Abstract] |
Stockholders' Equity | 15. Stockholders’ Equity Restricted Stock Awards (Performance Shares) and Restricted Stock Units During the six months ended December 31, 2020, there were no awards or forfeitures of restricted stock awards included in the below table and 732,909 remain outstanding as of December 31, 2020. Restricted stock awards granted have both performance and service requirements in connection with the formation of the investment management business. The vesting of these awards is subject to a five-year service requirement and an investment management cumulative revenue collection target of $40 million for the five-year period ended November 3, 2021. In order to recognize compensation expense over the vesting period, the Company estimates the probability of the performance target being met on an on-going basis. As of December 31, 2020, the Company estimates that approximately 243,322 of the restricted stock awards are probable of vesting under the performance condition. Restricted stock units are subject to service requirements. The Company accounts for forfeitures of the restricted stock units in the period incurred. During the three and six months ended December 31, 2020 the Company granted 0 and 44,490 shares of restricted stock units, respectively, to employees and directors. The activity of the Company’s restricted stock awards and units for the six months ended December 31, 2020 was as follows:
Restricted Stock Awards and Restricted Stock Units |  | Restricted Stock (in thousands) |  |  | Weighted Average Grant Date Fair Value |
Outstanding at June 30, 2020 |  |  | 941 |  |  | $ | 3.71 |
Granted |  |  | 44 |  |  |  | 2.36 |
Vested |  |  | (161 | ) |  |  | 2.66 |
Forfeited |  |  | - |  |  |  | - |
Outstanding at December 31, 2020 |  |  | 824 |  |  | $ | 3.84 |
Stock Options The following table summarizes the Company’s option award activity as of and through December 31, 2020:
Options |  | Shares (in thousands) |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (years) |  |  | Aggregate Intrinsic Value (in thousands) |
Outstanding at June 30, 2020 |  |  | 2,475 |  |  | $ | 3.69 |  |  |  | 5.51 |  |  | $ | - |
Options granted |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Exercised |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Forfeited, cancelled or expired |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Outstanding at December 31, 2020 |  |  | 2,475 |  |  | $ | 3.69 |  |  |  | 5.01 |  |  | $ | - |
Exercisable at December 31, 2020 |  |  | 1,798 |  |  | $ | 3.64 |  |  |  | 4.53 |  |  | $ | - |
Vested and expected to vest as of December 31, 2020 |  |  | 2,475 |  |  | $ | 3.69 |  |  |  | 5.01 |  |  | $ | - |
During the three months ended December 31, 2020 and 2019, the Company recognized total stock-based compensation associated with all restricted stock and stock options of $0.3 million and $0.2 million, respectively. During the six months ended December 31, 2020 and 2019, the Company recognized total stock-based compensation associated with all restricted stock and stock options of $0.7 million and $0.3 million, respectively. As of December 31, 2020, unrecognized compensation costs associated with outstanding stock and stock-linked awards totaled approximately $1.7 million.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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