v3.26.1
Stock-Based Compensation
 9 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
STOCK-BASED COMPENSATION STOCK-BASED COMPENSATION
Stock Options
Changes in our stock options for the nine months ended March 31, 2026 were as follows:
OptionsWeighted Average Exercise PriceWeighted Average Remaining Life (years)Aggregate Intrinsic Value (in thousands)
Options outstanding, June 30, 2025
101,947 $30.20 
Exercised(14,000)20.87 
Lapsed or forfeited(87,947)31.69   
Options outstanding, March 31, 2026
— $— 0.0$— 
Options vested, March 31, 2026
— $— 0.0$— 
Options exercisable, March 31, 2026
— $— 0.0$— 
As of June 30, 2025, there was no unrecognized compensation cost related to options outstanding, and all options were fully vested. As of March 31, 2026, there were no options outstanding.
There was no cash received from the exercise of options during the nine months ended March 31, 2026 and 2025. The total intrinsic value of options exercised during the nine months ended March 31, 2026 and 2025 was $0.3 million and zero.
Restricted Stock Units – Performance Vesting and Time Vesting
Changes in our performance vesting and time vesting restricted stock units for the nine months ended March 31, 2026 were as follows:
Performance Vesting Stock UnitsPerformance Vesting Weighted Average Fair ValueTime Vesting Stock UnitsTime Vesting Weighted Average Fair Value
Unvested, June 30, 2025
568,332 $24.76 1,197,215 $25.50 
Granted365,215 21.04 1,165,467 21.15 
Vested(244,574)27.15 (676,096)25.53 
Performance metric adjustments, net(38,930)26.28 — — 
Forfeited(4,805)23.09 (38,716)23.35 
Unvested, March 31, 2026
645,238 $21.66 1,647,870 $22.47 
During the nine months ended March 31, 2026 and 2025, compensation expense related to time vesting and performance vesting restricted stock units was $24.7 million and $17.1 million, respectively. Performance vesting stock units were adjusted by 38,930 units during the nine months ended March 31, 2026 related to the fiscal 2025 performance year. As of March 31, 2026, the total unrecognized compensation cost related to unvested time vesting and performance vesting restricted stock units was $31.4 million and is expected to be recognized over a weighted average period of 1.6 years.