Stock-based Compensation (Tables)

9 Months Ended

Mar. 31, 2013

Stock-Based Compensation Tables

Schedule of weighted average assumptions for option awards

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, 2012

	March 31, 2012
Dividend yield	3.59%
Expected stock price volatility	33.82%
Risk-free interest rate	0.64%
Expected option life (in years)	3.7yrs
Weighted average fair value per share of options granted during the period	$4.757

Schedule of stock option activity

The following table summarizes stock option activity during the nine months ended March 31, 2013:

	Employee Stock Options Plan
						Weighted
	Number of			Weighted		Average
	Shares			Average		Remaining		Aggregate
	Subject			Exercise		Contractual		Intrinsic
	To Option			Price		Term		Value
Balance at July 1, 2012		187,050		$	20.69		6.96
Granted		—			—		—
Exercised		(23,400	)	$	17.85		—
Forfeited or expired		(500	)	$	25.14		—
Outstanding at March 31, 2013		163,150		$	21.08		6.49	$	788,211
Vested or expected to vest at March 31, 2013		155,295		$	20.87		6.37	$	782,167
Exercisable at March 31, 2013		105,200		$	18.84		5.22	$	743,619