Note 10. Stock Compensation Plans (Tables)

9 Months Ended

Mar. 31, 2017

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

During the first nine months of fiscal year 2017, the following stock compensation was awarded under the Plan and the Deferral Plan to non-employee members of the Board.




Unrestricted Shares ⁽¹⁾	Quarter Awarded	Shares	Grant Date Fair Value
Unrestricted shares (Director compensation)	2nd Quarter	10,477		$15.75

Deferred Share Units⁽²⁾	Quarter Awarded	Units	Grant Date Fair Value
Deferred share units (Director compensation)	2nd Quarter	17,779		$15.75

(1) Unrestricted shares were awarded to non-employee members of the Board as compensation for the portion of Director’s annual retainer fees as a result of the Directors’ elections to be paid in unrestricted shares in lieu of cash payment or deferred share units. Director’s fees are expensed over the period that Directors earn the compensation. Unrestricted shares do not have vesting periods, holding periods, restrictions on sales, or other restrictions.

(2) Deferred share units were awarded to non-employee members of the Board as compensation for the portion of Director’s annual retainer fees as a result of Directors’ elections to receive deferred share units in lieu of cash payment or unrestricted shares. Director’s fees are expensed over the period that Directors earn the compensation. Deferred share units are participating securities and are payable in common stock upon a Director’s retirement or termination from the Board or death.