Stockholders' Equity (Tables)
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12 Months Ended |
Jun. 30, 2026 |
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| Equity [Abstract] |
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| Schedule of Estimated Grant Date Fair Value of Stock Options |
The weighted-averages for key assumptions used in determining the fair value of options granted were as follows:
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Year Ended June 30, |
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2026 |
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2025 |
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2024 |
Average volatility |
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50.83% |
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50.07% |
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n/a (1) |
Risk-free interest rate |
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3.90% |
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4.01% |
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n/a (1) |
Weighted-average expected life in years |
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6.5 |
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6.6 |
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n/a (1) |
Dividend yield rate annual |
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3.69% |
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3.15% |
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n/a (1) |
(1)Not applicable; no employee stock options were issued.
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| Summary of Stock Option Activity |
The following table summarizes stock option activity:
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Options |
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Weighted-Average Exercise Price Per Share |
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Aggregate
Intrinsic Value
(in thousands) |
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Weighted-Average Grant Date Fair Value Per Award (1) |
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Fiscal 2024 |
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Outstanding at June 30, 2023 |
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1,446,260 |
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$ |
7.11 |
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$ |
43,882 |
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$ |
3.58 |
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Exercises |
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(287,730 |
) |
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$ |
7.17 |
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$ |
7,720 |
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$ |
3.82 |
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Outstanding at June 30, 2024 |
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1,158,530 |
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$ |
7.10 |
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$ |
29,354 |
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$ |
3.53 |
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Nonvested outstanding June 30, 2024 |
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41,664 |
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$ |
20.49 |
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$ |
532 |
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$ |
9.23 |
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Exercisable at June 30, 2024 |
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1,116,866 |
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$ |
6.60 |
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$ |
28,822 |
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$ |
3.32 |
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Fiscal 2025 |
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Outstanding at June 30, 2024 |
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1,158,530 |
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$ |
7.10 |
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$ |
29,354 |
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$ |
3.53 |
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Grants |
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255,000 |
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$ |
25.43 |
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$ |
— |
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$ |
10.22 |
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Exercises |
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(235,668 |
) |
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$ |
14.03 |
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$ |
6,909 |
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$ |
6.47 |
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Outstanding at June 30, 2025 |
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1,177,862 |
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$ |
9.68 |
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$ |
15,728 |
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$ |
4.39 |
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Nonvested outstanding June 30, 2025 |
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243,333 |
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$ |
25.35 |
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$ |
— |
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$ |
10.17 |
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Exercisable at June 30, 2025 |
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934,529 |
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$ |
5.60 |
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$ |
15,728 |
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$ |
2.88 |
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Fiscal 2026 |
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Outstanding at June 30, 2025 |
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1,177,862 |
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$ |
9.68 |
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$ |
15,728 |
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$ |
4.39 |
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Grants |
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73,000 |
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$ |
30.86 |
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$ |
631 |
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$ |
12.59 |
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Exercises |
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(463,035 |
) |
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$ |
8.25 |
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$ |
15,092 |
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$ |
3.64 |
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Forfeitures |
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(100,000 |
) |
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$ |
25.24 |
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$ |
— |
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$ |
10.09 |
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Outstanding at June 30, 2026 |
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687,827 |
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$ |
10.63 |
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$ |
21,322 |
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$ |
5.14 |
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Nonvested outstanding June 30, 2026 |
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116,333 |
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$ |
25.09 |
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$ |
1,935 |
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$ |
10.10 |
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Exercisable at June 30, 2026 |
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571,494 |
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$ |
7.69 |
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$ |
19,387 |
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$ |
4.13 |
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(1)The Company issued the options with an exercise price per share not less than the closing market price of common stock on the grant date.
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| Summary of Information about Stock Option |
The following table presents information related to outstanding options as of June 30, 2026:
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Exercise Price Ranges |
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Options Outstanding |
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Options Exercisable |
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From |
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To |
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Number of
Underlying
Shares |
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Weighted-Average Remaining Contractual Life
(Years) |
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Weighted-Average Exercise Price |
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Number of
Underlying
Shares |
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Weighted-Average Remaining Contractual Life
(Years) |
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Weighted-Average Exercise Price |
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$ |
— |
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$ |
2.50 |
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337,294 |
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3.41 |
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$ |
1.60 |
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337,294 |
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3.41 |
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$ |
1.60 |
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$ |
2.51 |
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$ |
5.00 |
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99,200 |
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2.15 |
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$ |
3.51 |
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99,200 |
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2.15 |
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$ |
3.51 |
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$ |
5.01 |
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$ |
20.00 |
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30,000 |
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3.90 |
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$ |
12.99 |
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30,000 |
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3.90 |
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$ |
12.99 |
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$ |
20.01 |
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$ |
30.00 |
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178,333 |
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8.80 |
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$ |
24.66 |
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65,000 |
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8.79 |
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$ |
24.88 |
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$ |
30.01 |
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$ |
60.00 |
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43,000 |
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7.20 |
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$ |
38.03 |
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40,000 |
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7.01 |
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$ |
37.44 |
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687,827 |
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4.88 |
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$ |
10.63 |
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571,494 |
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4.08 |
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$ |
7.69 |
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| Summary of Restricted Stock Unit Activity |
The following table summarizes RSU activity:
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Awards
Outstanding |
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Weighted-Average Fair Value per Unit at Grant Date |
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Fiscal 2024 |
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Nonvested outstanding at June 30, 2023 |
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63,587 |
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$ |
32.37 |
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Granted |
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38,135 |
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$ |
28.18 |
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Vested & delivered |
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(24,696 |
) |
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$ |
31.69 |
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Vested & deferred (1) |
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(12,577 |
) |
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$ |
29.69 |
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Forfeited |
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(3,132 |
) |
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$ |
36.19 |
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Nonvested outstanding at June 30, 2024 |
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61,317 |
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$ |
30.61 |
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Vested but subject to deferred settlement at June 30, 2024 (1) |
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41,947 |
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$ |
26.06 |
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Outstanding at June 30, 2024 |
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103,264 |
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$ |
28.76 |
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Fiscal 2025 |
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Nonvested outstanding at June 30, 2024 |
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61,317 |
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$ |
30.61 |
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Granted |
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60,235 |
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$ |
24.31 |
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Vested & delivered |
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(23,093 |
) |
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$ |
23.64 |
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Vested & deferred (1) |
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(14,203 |
) |
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$ |
28.90 |
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Forfeited |
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(1,566 |
) |
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$ |
36.19 |
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Nonvested outstanding at June 30, 2025 |
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82,690 |
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$ |
26.59 |
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Vested but subject to deferred settlement at June 30, 2025 (1) |
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56,150 |
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$ |
26.78 |
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Outstanding at June 30, 2025 |
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138,840 |
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$ |
26.67 |
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Fiscal 2026 |
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Nonvested outstanding at June 30, 2025 |
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82,690 |
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$ |
26.59 |
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Granted |
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57,060 |
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$ |
33.35 |
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Vested & delivered |
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(27,041 |
) |
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$ |
26.51 |
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Vested & deferred (1) |
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(16,243 |
) |
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$ |
27.70 |
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Forfeited |
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(1,566 |
) |
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$ |
36.19 |
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Nonvested outstanding at June 30, 2026 |
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94,900 |
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$ |
30.07 |
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Vested but subject to deferred settlement at June 30, 2026 (1) |
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|
57,742 |
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$ |
26.96 |
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Outstanding at June 30, 2026 |
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152,642 |
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$ |
28.89 |
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(1)Certain RSU holders elected to defer settlement of the RSUs to a specified date.
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