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Stock-Based Compensation (Tables)
 3 Months Ended
Sep. 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 the Plan for the three months ended September 30, 2020 and 2019 is as follows:
  
2020
  
2019
 
Number of options outstanding at beginning of year
  
1,765,100
   
1,711,600
 
Options granted
  
523,700
   
614,700
 
Options forfeited
  
-
   
(7,000
)
Number of options outstanding at period end
  
2,288,800
   
2,319,300
 

(In thousands)
 
2020
  
2019
 
Compensation expense recognized
 
$
635
  
$
645