Stock Based Compensation (Tables)

6 Months Ended

Dec. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Fair Value Assumptions

The table below outlines the weighted average assumptions that the Company used to calculate the fair value of each option award for the six months ended December 31, 2017 and 2016.

	December 31, 2017		December 31, 2016
Dividend yield		4.60%		3.85%
Company’s expected volatility		23.97%		29.70%
Risk-free interest rate		1.95%		1.84%
Expected term		4.7 yrs		4.6 yrs
Weighted average fair value per share
of options granted during the period	$	2.790	$	4.640

Schedule of Stock Option Activity

The following table summarizes stock option activity during the six months ended December 31, 2017:

	Employee Stock Options Plan
						Weighted
	Number of			Weighted		Average
	Shares			Average		Remaining		Aggregate
	Subject			Exercise		Contractual		Intrinsic
	To Options			Price		Term		Value
Balance at July 1, 2017		197,800		$	24.57		5.86
Granted		51,515		$	21.75		9.81
Exercised		—			—		—
Forfeited or expired		(1,250	)	$	26.00		—
Outstanding at December 31, 2017		248,065		$	23.98		6.28	$	309,072
Vested or expected to vest at December 31, 2017		233,886		$	23.99		6.09	$	291,851
Exercisable at December 31, 2017		154,650		$	24.13		4.40	$	195,224

Schedule of Changes in Non-Vested Stock Options

The following table summarizes changes in non-vested stock options during the six months ended December 31, 2017:

	Number			Weighted Average
	of Shares			Grant Date Fair
	Subject to Option			Value (per Option)
Non-vested at July 1, 2017		42,900		$	4.586
Granted		51,515		$	2.790
Vested		(500	)	$	4.431
Forfeited or expired		(500	)	$	4.640
Non-vested at December 31, 2017		93,415		$	3.596