Equity Incentive Plan (Tables)

12 Months Ended

Jun. 30, 2023

Share-Based Payment Arrangement [Abstract]

Share-Based Payment Arrangement, Expensed and Capitalized, Amount

The table below presents share-based compensation expense and the estimated related tax benefit for stock options and restricted stock for the dates indicated below:

	Year Ended June 30,
	2023		2022		2021
Share-based compensation expense	$	1,854	$	2,152	$	2,102
Tax benefit	436		508		494

Equity Incentive Plan Stock Option Activity

The table below presents stock option activity and related information for the periods indicated below:

	Options	Weighted- Average Exercise Price		Remaining Contractual Life (Years)	Aggregate Intrinsic Value
Options outstanding at June 30, 2021	1,319,456	$	19.07	3.9	$	11,657
Granted	47,850	30.90
Exercised	(413,636)	14.70
Forfeited	(24,800)	23.96
Options outstanding at June 30, 2022	928,870	$	21.49	4.1	$	4,036
Exercisable at June 30, 2022	756,720	$	20.24	3.3	$	3,971
Non-vested at June 30, 2022	172,150	$	26.96	7.5	$	65
Options outstanding at June 30, 2022	928,870	$	21.49	4.1	$	4,036
Granted	5,000	24.07
Exercised	(352,096)	14.59
Forfeited	(12,550)	25.47
Options outstanding at June 30, 2023	569,224	$	25.69	5.1	$	141
Exercisable at June 30, 2023	493,264	$	25.40	4.6	$	141
Non-vested at June 30, 2023	75,960	$	27.56	7.9	$	—

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

Assumptions used in estimating the fair value of option granted during the periods indicated were as follows:

	Year Ended June 30,
	2023			2022
Weighted-average volatility	27.79		%	28.01		%
Expected dividend yield	1.62		%	1.13		%
Risk-free interest rate	3.11		%	2.02		%
Expected life (years)	6.5			6.5
Weighted-average fair value of options granted	$	6.77		$	8.60

Equity Incentive Plan Restricted Award Activity

The table below presents restricted stock award activity and related information:

	Restricted Stock Awards(1)	Performance-Based Restricted Stock Units(2)	Weighted- Average Grant Date Fair Value		Aggregate Intrinsic Value
Non-vested at June 30, 2021	120,795	30,780	$	25.06	$	4,229
Granted	42,123	9,556	31.18		—
Vested	(46,626)	(7,118)	25.22		—
Forfeited	(13,600)	—	25.27		—
Non-vested at June 30, 2022	102,692	33,218	$	27.40	$	2,345
Granted	57,839	21,005	27.24		—
Vested	(41,590)	(13,861)	27.38		—
Forfeited	(10,090)	(3,032)	27.32		—
Non-vested at June 30, 2023	108,851	37,330	$	27.32	$	3,054

(1)Restricted stock awards are scheduled to vest over 1.0 year for director awards and 5.0 years for employee awards.

(2)Performance-based restricted stock units are scheduled to vest over 3.0 years assuming the applicable financial goals are met.