Stock-Based Compensation (Tables)

9 Months Ended

Mar. 31, 2019

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 nine months ended March 31, 2018 was as follows:

	March 31, 2018
	Shares			Weighted Average Exercise Price Per Share
Outstanding at beginning of year		37,770		$	6.25
Exercised		(24,000	)	$	6.25
Outstanding and exercisable at period end		13,770		$	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 nine months ended March 31, 2019 and 2018 is as follows:

	Three months ended March 31,					Nine months ended March 31,
	2019			2018		2019			2018
Number of options outstanding, beginning of period		1,742,100			1,634,160		1,634,160			1,522,720
Options Granted		-			-		592,700			594,200
Options Forfeited		-			-		-			(27,000	)
Options Paid in Cash		(18,000	)		-		(502,760	)		(455,760	)
Number of options outstanding, end of period		1,724,100			1,634,160		1,724,100			1,634,160

	Three months ended March 31,				Nine months ended March 31,
(In thousands)	2019		2018		2019		2018
Cash paid out on options vested	$	41	$	-	$	1,745	$	1,187
Compensation costs recognized		810		640		2,021		1,460