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Stock-Based Compensation (Tables)
12 Months Ended
Jun. 30, 2020
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 its option plan for the years ended June 30, 2020 and 2019 is as follows:

  
2020
  
2019
 
Number of options outstanding at beginning of year
  
1,711,600
   
1,634,160
 
Options granted
  
614,700
   
592,700
 
Options forfeited
  
(7,000
)
  
(12,500
)
Options paid in cash upon vesting
  
(554,200
)
  
(502,760
)
Number of options outstanding at period end
  
1,765,100
   
1,711,600
 

(In thousands)
 
2020
  
2019
 
Cash paid out on options vested
 
$
2,516
  
$
1,745
 
Compensation expense recognized
  
3,280
   
2,901