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Common Stock Incentive, Stock Purchase Plans and Other Compensation Plans | 3 Months Ended
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Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Common Stock Incentive, Stock Purchase Plans and Other Compensation Plans | Common Stock Incentive, Stock Purchase Plans, and Other Compensation Plans Stock Option Activity Summary The Company’s stock option activity for the three months ended September 30, 2016, is as follows:
| Shares |  | Weighted Average Exercise Price
Outstanding at June 30, 2016 | 957,750 |  |  | $ | 1.18 |
Granted | 220,000 |  |  | 1.67 |
Exercised | — |  |  | — |
Canceled or expired | (4,000 | ) |  | 3.20 |
Outstanding at September 30, 2016 | 1,173,750 |  |  | $ | 1.27 |
The aggregate intrinsic value of options exercisable at September 30, 2016, was $1.5 million as the fair value of the Company’s common stock is more than the exercise prices of these options. The remaining share-based compensation expense of $108 thousand related to stock options will be recognized over a weighted-average period of 1.52 years. The table below details the Company’s stock options outstanding as of September 30, 2016:
Range of exercise prices |  | Number Outstanding |  | Options Outstanding Weighted- Average Remaining Contractual Life (years) |  | Weighted- Average Exercise Price |  | Number Exercisable |  | Options Exercisable Weighted- Average Exercise Price
$0.32 – 0.71 |  | 432,750 |  |  | 3.89 |  | $ | 0.60 |  |  | 432,705 |  |  | $ | 0.60 |
$1.20 – 1.67 |  | 650,000 |  |  | 8.15 |  | 1.44 |  |  | 430,000 |  |  | 1.32 |
$3.20 – 3.20 |  | 91,000 |  |  | 8.52 |  | 3.20 |  |  | — |  |  | — |
$0.32 – 3.20 |  | 1,173,750 |  |  | 6.38 |  | $ | 1.27 |  |  | 862,705 |  |  | $ | 0.96 |
Compensation costs recognized related to stock option awards were $19 thousand and $54 thousand for the three months ended September 30, 2016, and 2015, respectively. Restricted Stock The Company’s restricted stock activity for the three months ended September 30, 2016, was as follows:
|  | Shares (in thousands) |  | Weighted Average Grant-Date Fair Value
Outstanding at June 30, 2016 |  | 155 |  |  | $ | 3.14 |
Granted |  | 744 |  |  | 1.64 |
Vested |  | 486 |  |  | 1.60 |
Canceled or expired |  | — |  |  | — |
Outstanding at September 30, 2016 |  | 413 |  |  | $ | 1.20 |
Stock compensation expenses related to restricted stock were $843 thousand and $89 thousand for the three months ended September 30, 2016, and 2015, respectively. The remaining share-based compensation expense of $530 thousand related to restricted stock awards granted will be recognized over a weighted-average period of 1.95 years. Securities Repurchase Program On December 13, 2014, the Board of Directors amended the stock repurchase program to allow for the repurchase of up to $5 million more treasury shares until December 31, 2015. On December 3, 2015, the Board of Directors authorized the extension of the share repurchase program through December 31, 2016. During the three months ended September 30, 2016, no shares were repurchased as part of the securities repurchase program. As of September 30, 2016, the Company had repurchased 188,635 shares of common stock at a cost of $492 thousand, which represents an average cost of $2.61 per share, and $4.5 million of securities are still available for repurchase under this program. Shares Repurchased from Related Parties In August 2016 the Company repurchased 192 thousand shares issued to the Chief Financial Officer and Chief Operating Officer related to their tax withholding obligations at a cost of $308 thousand, which represents an average cost of $1.60 per share.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=65895303&loc=d3e17540-113929 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68057994&loc=d3e25284-112666 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 + Details
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