| Schedule of Preferred Stock Activity |
The activity related to the Series A Preferred Stock for the three
months ended September 30, 2016, and the fiscal year ended
June 30, 2016, is as follows:
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THREE MONTHS ENDED
September 30, 2016 |
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FISCAL YEAR ENDED
June 30, 2016 |
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Number of
shares
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Amount
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Number of
shares
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Amount
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(In thousands,
except share amounts) |
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Fiscal year opening balance
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22,683,428 |
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$ |
23,501 |
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21,162,697 |
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$ |
25,850 |
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PIK dividend shares issued
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132,320 |
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162 |
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1,520,731 |
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1,858 |
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Adjustment to redemption value
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— |
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(162) |
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— |
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(4,207) |
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Redemption
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(22,815,748) |
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(23,501) |
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— |
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— |
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Balance at end of period
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— |
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$ |
— |
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22,683,428 |
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$ |
23,501 |
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The following table summarizes the Series A Preferred Stock
activity for the fiscal years ended:
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June 30, |
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2016 |
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2015 |
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Number of
shares issued |
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Amount |
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Number of
shares issued |
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Amount |
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(In thousands,
except share amounts) |
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Fiscal year opening balance
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21,162,697 |
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$ |
25,850 |
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20,089,436 |
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$ |
24,539 |
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Current year PIK dividends shares issued
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1,520,731 |
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1,858 |
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1,073,261 |
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1,311 |
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Adjustment to redemption value
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— |
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(4,207) |
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— |
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— |
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Fiscal year closing balance
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22,683,428 |
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$ |
23,501 |
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21,162,697 |
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$ |
25,850 |
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