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Stock-Based Compensation (Tables)
3 Months Ended
Sep. 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 the Plan for the three months ended September 30, 2022 and 2021 were as follows:

   
2022
   
2021
 
Number of options outstanding at beginning of year     1,479,520
      1,507,600  
Options granted     403,600
      475,120  
Options forfeited
    -
      -  
Options paid in cash upon vesting
    (97,000 )     -
Number of options outstanding at period end     1,786,120       1,982,720  

(In thousands)
 
2022
   
2021
 
Cash paid out on options vested   $
 510
    $
 -
 
Compensation expense recognized
 
$
968
   
$
810