Stock-Based Compensation (Tables)

6 Months Ended

Dec. 31, 2019

Stock-Based Compensation [Abstract]

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, 2019 and 2018 is as follows:

	Three months ended December 31,					Six months ended December 31,
	2019			2018		2019			2018
Number of options outstanding, beginning of period		2,319,300			1,742,100		1,711,600			1,634,160
Options Granted		-			-		614,700			592,700
Options Forfeited		-			-		(7,000	)		-
Options Paid in Cash		(554,200	)		-		(554,200	)		(484,760	)
Number of options outstanding, end of period		1,765,100			1,742,100		1,765,100			1,742,100

	Three months ended December 31,				Six months ended December 31,
(In thousands)	2019		2018		2019		2018
Cash paid out on options vested	$	2,516	$	-	$	2,516	$	1,704
Compensation costs recognized		750		695		1,395		1,211