v3.22.4
Stock-Based Compensation
6 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
STOCK-BASED COMPENSATION STOCK-BASED COMPENSATION
Stock Options
Changes in our stock options for the six months ended December 31, 2022 were as follows:
OptionsWeighted Average Exercise PriceWeighted Average Remaining Life (years)Aggregate Intrinsic value (in thousands)
Options outstanding, June 30, 2022
271,843 $37.45 
Exercised— — 
Lapsed or forfeited(31,163)36.76   
Options outstanding, December 31, 2022
240,680 $37.54 1.7$45 
Options vested, December 31, 2022
240,680 $37.54 1.7$45 
Options exercisable, December 31, 2022
240,680 $37.54 1.7$45 
As of December 31, 2022 and June 30, 2022, there was no unrecognized compensation cost related to options outstanding, and all options were fully vested as of December 31, 2022 and 2021.
The amount of cash received from the exercise of options during the six months ended December 31, 2022 and 2021 was zero and $0.2 million, respectively. The total intrinsic value of options exercised during the six months ended December 31, 2022 and 2021 was zero and $0.1 million, respectively.
Restricted Stock Units – Performance Vesting and Time Vesting
Changes in our performance vesting and time vesting restricted stock units for the six months ended December 31, 2022 were as follows:
Performance Vesting Stock UnitsPerformance Vesting Weighted Average Fair ValueTime Vesting Stock UnitsTime Vesting Weighted Average Fair Value
Unvested, June 30, 2022
350,955 $33.44 1,213,896 $33.53 
Granted189,469 27.27 731,339 26.95 
Vested— — (614,499)32.62 
Performance metric adjustments, net(52,111)27.58 — — 
Forfeited(3,884)28.97 (35,016)31.72 
Unvested, December 31, 2022
484,429 $31.69 1,295,720 $30.30 
During the six months ended December 31, 2022 and 2021, compensation expense related to time vesting and performance vesting restricted stock units was $13.1 million and $12.6 million, respectively. Performance vesting stock units were adjusted by 52,111 units during the six months ended December 31, 2022 related to the fiscal 2022 performance year. As of December 31, 2022, the total unrecognized compensation cost related to unvested time vesting and performance vesting restricted stock units was $34.0 million and is expected to be recognized over a weighted average period of 2.0 years.