Stock-Based Compensation (Tables)

3 Months Ended

Sep. 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 plan for the three months ended September 30, 2016 and 2015 is as follows:

	2016					2015
	Shares			Weighted Average Exercise Price Per Share		Shares			Weighted Average Exercise Price Per Share
Outstanding at beginning of year		64,770		$	6.25		95,670		$	6.25
Exercised		(12,000	)	$	6.25		(4,200	)	$	6.25
Outstanding at period end		52,770		$	6.25		91,470		$	6.25
Exercisable at period end		52,770		$	6.25		91,470		$	6.25

Schedule of Options Outstanding and Exercisable

The following table presents stock options outstanding and exercisable at September 30, 2016:

Options Outstanding and Exercisable
Range of Exercise Prices		Number Outstanding		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price
$	6.25		52,770		2.00	$	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 three months ended September 30, 2016 and 2015 is as follows:

	2016		2015
Number of options outstanding at beginning of year		1,353,554		1,257,508
Options granted		578,200		493,760
Options paid in cash upon vesting		-		(396,714	)
Number of options outstanding at period end		1,931,754		1,354,554