Stock-Based Compensation (Tables)

6 Months Ended

Dec. 31, 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 six months ended December 31, 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		(27,000	)	$	6.25		(13,200	)	$	6.25
Outstanding at period end		37,770		$	6.25		82,470		$	6.25
Exercisable at period end		37,770		$	6.25		82,470		$	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		37,770		1.75		$6.25

Summary of Phantom Stock Option Activity and Related Information

A summary of the Company’s phantom stock option activity and related information for its option plan for the six months ended December 31, 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		(408,034	)		(396,714	)
Number of options outstanding at period end		1,523,720			1,354,554

	Three months ended December 31,				Six months ended December 31,
(In thousands)	2016		2015		2016		2015
Cash paid out on options vested	$	845	$	-	$	845	$	711
Compensation costs recognized		347		240		588		420