Stock-Based Compensation (Tables)

12 Months Ended

Jun. 30, 2022

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, 2022 and 2021 is as follows:

	2022			2021
Number of options outstanding at beginning of year		1,507,600			1,765,100
Options granted		475,120			523,700
Options forfeited		-			-
Options paid in cash upon vesting		(503,200	)		(781,200	)
Number of options outstanding at period end		1,479,520			1,507,600

(In thousands)	2022		2021
Cash paid out on options vested	$	3,137	$	3,920
Compensation expense recognized		4,291		4,012