STOCK-BASED COMPENSATION |
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| STOCK-BASED COMPENSATION [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| STOCK-BASED COMPENSATION |
9.
STOCK-BASED COMPENSATION
(in thousands, except share and per share data)
Total stock-based compensation for the nine months ended June 30, 2025 and 2024 amounted to $367 and $214, respectively, and is included in selling, general and administrative expense in the Company’s statements of operations.
Options
The aggregate intrinsic value in the above table was calculated as the difference between the closing price of the Company’s Common Stock at June 30, 2025 of $32.00 per share and the exercise price of the stock options that had strike prices below such closing price.
As of June 30, 2025, there was approximately $122 of total unrecognized compensation expense related to the unvested employee stock options, which is expected to be recognized in fiscal year 2025.
Liability classified share-based awards
During the nine months ended June 30, 2025, 35,607 options were exercised with respect to Indco’s common stock. The Company uses the Black-Scholes option pricing model to estimate the fair value of Indco’s share-based awards. In applying this model, the Company used the following assumptions:
The aggregate intrinsic value in the above table was calculated as the difference between the valuation of Indco’s common stock at September 30, 2024 of $22.75 per share and the exercise price of the stock options that had strike prices below such closing price.
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