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Stock-Based Compensation (Tables)
 3 Months Ended
Sep. 30, 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 three months ended September 30, 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
  
37,770
  
$
6.25
   
64,770
  
$
6.25
 
Exercised
  
(1,000
)
 
$
6.25
   
(12,000
)
 
$
6.25
 
Outstanding at period end
  
36,770
  
$
6.25
   
52,770
  
$
6.25
 
Exercisable at period end
  
36,770
  
$
6.25
   
52,770
  
$
6.25
 
Schedule of Options Outstanding and Exercisable
The following table presents stock options outstanding and exercisable at September 30, 2017:

Options Outstanding and Exercisable
 
Range of
Exercise Prices
  
Number
Outstanding
  
Weighted Average Remaining
Contractual Life
  
Weighted Average
Exercise Price
 
$
6.25
   
36,770
   
1.00
  
$
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 three months ended September 30, 2017 and 2016 is as follows:

  
2017
  
2016
 
Number of options outstanding at beginning of year
  
1,522,720
   
1,352,554
 
Options granted
  
594,200
   
578,200
 
Options paid in cash
  
(3,000
)
  
-
 
Number of options outstanding at period end
  
2,113,920
   
1,930,754
 

(In thousands)
 
2017
  
2016
 
Cash paid out on options vested
 
$
7
  
$
-
 
Compensation expense recognized
  
360
   
241