Stock-Based Compensation (Tables)

6 Months Ended

Dec. 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 six months ended December 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		37,770		$	6.25		64,770		$	6.25
Exercised		(4,000	)	$	6.25		(27,000	)	$	6.25
Outstanding at period end		33,770		$	6.25		37,770		$	6.25
Exercisable at period end		33,770		$	6.25		37,770		$	6.25

Schedule of Options Outstanding and Exercisable

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

Options Outstanding and Exercisable
Range of Exercise Prices		Number Outstanding		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price
$	6.25		33,770		0.75	$	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, 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 forfeited		(27,000	)		-
Options paid in cash		(455,760	)		(408,034	)
Number of options outstanding at period end		1,634,160			1,522,720

	Three months ended December 31,				Six months ended December 31,
(In thousands)	2017		2016		2017		2016
Cash paid out on options vested	$	1,184	$	845	$	1,187	$	845
Compensation costs recognized		460		347		820		588