Stock Based Compensation (Tables)

9 Months Ended

Mar. 31, 2024

Stock Based Compensation [Abstract]

Schedule of Weighted Average Assumptions of Option Award

The table below outlines the weighted average assumptions that the Company used to calculate the fair value of each option award for the nine months ended March 31, 2024 and 2023.

	March 31, 2024		March 31, 2023
Dividend yield		3.63%		—
Company’s expected volatility		31.20%		27.16%
Risk-free interest rate		4.39%		2.69%
Expected term		5.3 yrs		5.4 yrs
Weighted average fair value per share of options granted during the period	$	4.03	$	4.16

Schedule of Stock Option Activity

The following table summarizes stock option activity during the nine months ended March 31, 2024:

	Employee Stock Option Plans
						Weighted
	Number of			Weighted		Average
	Shares			Average		Remaining		Aggregate
	Subject			Exercise		Contractual		Intrinsic
	to Option			Price		Term		Value
Balance at July 1, 2023		296,331		$	19.15		6.49
Granted		78,400		$	16.54		9.45
Exercised		(30,125	)	$	16.74		—
Forfeited or expired		(22,950	)	$	24.27		—
Outstanding at March 31, 2024		321,656		$	18.38		6.81	$	2,294,307
Vested or expected to vest at March 31, 2024		310,344		$	18.46		6.72	$	2,175,175
Exercisable at March 31, 2024		174,856		$	21.05		5.04	$	817,097

Schedule of Changes in Non-Vested Stock Options

The following table summarizes changes in non-vested stock options during the nine months ended March 31, 2024:

	Weighted Number			Average
	of Shares			Grant Date
	Subject			Fair Value
	to Option			(per Option)
Non-vested at July 1, 2023		132,600		$	3.98
Granted		78,400		$	4.03
Vested		(58,700	)	$	3.72
Forfeited or expired		(5,500	)	$	4.04
Non-vested at March 31, 2024		146,800		$	4.11