Stock-Based Compensation (Tables)

12 Months Ended

Jun. 30, 2016

Stock-Based Compensation [Abstract]

Summary of Stock Option Activity

A summary of the Company’s stock option activity and related information for its option plans for the years ended June 30, 2016 and 2015 is as follows:

	2016					2015
	Options			Weighted Average Exercise Price Per Share		Options			Weighted Average Exercise Price Per Share
Outstanding at beginning of year		95,670		$	6.25		118,870		$	6.25
Exercised		(30,900	)	$	6.25		(23,200	)	$	6.25
Outstanding at year end		64,770		$	6.25		95,670		$	6.25
Exercisable at year end		64,770		$	6.25		95,670		$	6.25

Schedule of Options Outstanding and Exercisable

The following table presents stock options outstanding and exercisable at June 30, 2015:

Options Outstanding and Exercisable
Range of Exercise Prices	Number Outstanding		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price
$6.25		64,770		2.25	$	6.25

Summary of Phantom Stock Options Activity

A summary of the Company’s phantom stock option activity and related information for its option plan for the years ended June 30, 2016 and 2015 is as follows:

	2016			2015
Number of options outstanding at beginning of year		1,257,508			1,330,852
Options granted		493,760			470,760
Options forfeited		(1,000	)		--
Options paid in cash upon vesting		(396,714	)		(544,104	)
Number of options outstanding at period end		1,353,554			1,257,508