Equity Incentive Plan (Tables)

3 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement [Abstract]

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

The table below presents share-based compensation expense and the estimated related tax benefit for stock options and restricted stock for the three months ended September 30, 2020 and 2019, respectively:

	Three Months Ended September 30,
	2020		2019
Share-based compensation expense	$	506	$	443
Tax benefit	$	119	$	104

Equity Incentive Plan Stock Option Activity

The table below presents stock option activity for the three months ended September 30, 2020 and 2019:

	Options	Weighted- average exercise price		Remaining contractual life (years)	Aggregate Intrinsic Value
Options outstanding at June 30, 2019	1,657,214	$	17.59	5.0	$	12,909
Granted	25,000	25.37		—	—
Exercised	13,400	14.50		—	—
Forfeited	800	17.35		—	—
Options outstanding at September 30, 2019	1,668,014	$	17.73	4.9	$	13,969
Exercisable at September 30, 2019	1,266,214	$	15.40	3.8	$	13,509
Non-vested at September 30, 2019	401,800	$	25.07	8.1	$	460
Options outstanding at June 30, 2020	1,615,500	$	18.12	4.4	$	1,711
Forfeited	200	24.95		—	—
Options outstanding at September 30, 2020	1,615,300	$	18.12	4.1	$	—
Exercisable at September 30, 2020	1,303,000	$	16.31	3.3	$	—
Non-vested at September 30, 2020	312,300	$	25.68	7.6	$	—

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

Assumptions used in estimating the fair value of options granted during the three months ended September 30, 2019 are presented below:

	September 30,
	2019
Weighted-average volatility	17.84		%
Expected dividend yield	0.95		%
Risk-free interest rate	1.55		%
Expected life (years)	6.5
Weighted-average fair value of options granted	$	4.67

Schedule of Nonvested Restricted Stock Units Activity

The table below presents restricted stock award activity for the three months ended September 30, 2020 and 2019:

	Restricted stock awards	Weighted- average grant date fair value		Aggregate Intrinsic Value
Non-vested at June 30, 2019	123,800	$	24.65	$	2,258
Granted	13,000	25.37		—
Vested	400	19.02		—
Forfeited	3,200	20.62		—
Non-vested at September 30, 2019	133,200	$	24.83	$	2,256
Non-vested at June 30, 2020	144,046	$	25.89	$	2,305
Vested	2,600	25.37		—
Forfeited	200	24.95		—
Non-vested at September 30, 2020	141,246	$	25.90	$	1,918