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Stock-Based Compensation (Tables)
9 Months Ended
Mar. 31, 2014
Stock-Based Compensation [Abstract]  
Summary of Stock Option Activity
A summary of the Company’s stock option activity and related information for its option plan for the nine months ended March 31, 2014 and 2013 is as follows:
 
 
 
2014
  
2013
 
 
 
  
Weighted Average
  
  
Weighted Average
 
 
 
  
Exercise
  
  
Exercise
 
 
 
  
Price
  
  
Price
 
 
 
Shares
  
Per Share
  
Shares
  
Per Share
 
Outstanding at beginning of year
  
87,400
  
$
12.50
   
103,700
  
$
12.50
 
Exercised
  
(27,965
)
 
$
12.50
   
(9,000
)
 
$
12.50
 
Outstanding at period end
  
59,435
  
$
12.50
   
94,700
  
$
12.50
 
 
                
Exercisable at period end
  
59,435
  
$
12.50
   
94,700
  
$
12.50
 

Options Outstanding and Exercisable
The following table presents stock options outstanding and exercisable at March 31, 2014:

Options Outstanding and Exercisable
 
Range of Exercise Prices
  
Number Outstanding
  
Weighted Average Remaining Contractual Life
  
Weighted Average Exercise Price
 
$
12.50
   
59,435
   
4.50
  
$
12.50