Quarterly report pursuant to Section 13 or 15(d)

Equity Incentive Plan

v3.8.0.1
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.