Stock-Based Compensation (Tables)

9 Months Ended

Mar. 31, 2021

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 nine months ended March 31, 2021 and 2020 were as follows:

	Three months ended March 31,					Nine months ended  March 31,
	2021			2020		2021			2020
Number of options outstanding, beginning of period		1,705,600			1,765,100		1,765,100			1,711,600
Options Granted		-			-		523,700			614,700
Options Forfeited		-			-		-			(7,000	)
Options Paid in Cash		(198,000	)		-		(781,200	)		(554,200	)
Number of options outstanding, end of period		1,507,600			1,765,100		1,507,600			1,765,100

	Three months ended March 31,				Nine months ended March 31,
(In thousands)	2021		2020		2021		2020
Cash paid out on options vested	$	813	$	-	$	3,920	$	2,516
Compensation costs recognized		1,105		875		2,712		2,270