Quarterly report pursuant to Section 13 or 15(d)

Equity Incentive Plan

Equity Incentive Plan
3 Months Ended
Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Equity Incentive Plan

Note (7) – 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 three months ended September 30, 2018 and 2017, no awards were issued under the Plan. As of September 30, 2018, the Company had $15.1 million of total unrecognized compensation expense, all of which related to awards of restricted stock granted under the Plan.

The following is a summary of non-vested restricted stock activity as of and for the period ended September 30, 2018:

    Shares   Weighted-Average
Grant Date Fair
Non-vested restricted stock outstanding at June 30, 2018     903,102     $ 18.41  
Non-vested restricted stock outstanding at September 30, 2018     903,102     $ 18.41