Equity Incentive Plan
|9 Months Ended|
Mar. 31, 2018
|Disclosure of Compensation Related Costs, Share-based Payments [Abstract]|
|Equity Incentive Plan||
Note (8) – Equity Incentive Plan: In November 2015, the Company’s stockholders approved the EnviroStar, Inc. 2015 Equity Incentive Plan (the “Plan”). The Plan authorizes the issuance of up to 1,500,000 shares of the Company’s common stock pursuant to awards granted under the Plan. The fair value of awards granted under the Plan is expensed on straight-line basis over the vesting period of the awards. Share-based compensation expense is included in selling, general and administrative expenses in the Company’s condensed consolidated statements of operations. During the nine months ended March 31, 2018 and 2017, restricted stock awards of 56,426 shares and 449,974 shares, respectively, were issued under the Plan. As of March 31, 2018, the Company had $15.6 million of total unrecognized compensation expense, all of which related to awards of restricted stock granted under the Plan.
The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef