Stock-Based Compensation (Tables)

9 Months Ended

Mar. 31, 2017

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, 2017 and 2016 is as follows:

	2017					2016
	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		(29,700	)	$	6.25
Outstanding at period end		37,770		$	6.25		65,970		$	6.25
Exercisable at period end		37,770		$	6.25		65,970		$	6.25

Schedule of Options Outstanding and Exercisable

The following table presents stock options outstanding and exercisable at March 31, 2017:

Options Outstanding and Exercisable
Range of Exercise Prices		Number Outstanding		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price
	$6.25		37,770		1.50		$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 nine months ended March 31, 2017 and 2016 is as follows:

	2017			2016
Number of options outstanding at beginning of year		1,352,554			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		1,522,720			1,354,554

	Three months ended March 31,				Nine months ended March 31,
(In thousands)	2017		2016		2017		2016
Cash paid out on options vested	$	-	$	-	$	845	$	711
Compensation costs recognized		410		290		998		710