Stock-Based Compensation (Tables)

6 Months Ended

Dec. 31, 2018

Stock-Based Compensation [Abstract]

Summary of Stock Option Activity

A summary of the Company’s stock option activity and related information for this option plan for the six months ended December 31, 2017 was as follows:

	December 31, 2017
	Shares			Weighted Average Exercise Price Per Share
Outstanding at beginning of year		37,770		$	6.25
Exercised		(4,000	)	$	6.25
Outstanding and exercisable at period end		33,770		$	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 the Plan for the three and six months ended December 31, 2018 and 2017 is as follows:

	Three months ended December 31,					Six months ended December 31,
	2018		2017			2018			2017
Number of options outstanding, beginning of fiscal year		1,742,100		2,113,920			1,634,160			1,522,720
Options Granted		-		-			592,700			594,200
Options Forfeited		-		(27,000	)		-			(27,000	)
Options Paid in Cash		-		(452,760	)		(484,760	)		(455,760	)
Number of options outstanding, end of period		1,742,100		1,634,160			1,742,100			1,634,160

	Three months ended December 31,				Six months ended December 31,
(In thousands)	2018		2017		2018		2017
Cash paid out on options vested	$	-	$	1,184	$	1,704	$	1,187
Compensation costs recognized		695		460		1,211		820