Stock Based Compensation (Tables)

6 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [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, 2019 and 2018.

	December 31, 2019		December 31, 2018
Dividend yield		4.88%		3.68%
Company’s expected volatility		27.81%		27.63%
Risk-free interest rate		1.67%		2.70%
Expected term		5.3 yrs		5.2 yrs
Weighted average fair value per share
of options granted during the period	$	3.03	$	5.14

Schedule of Stock Option Activity

The following table summarizes stock option activity during the six months ended December 31, 2019:

	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, 2019		259,164		$	25.16		6.37
Granted		54,025		$	20.50		9.94
Exercised		(2,000	)	$	25.14		—
Forfeited or expired		(15,602	)	$	25.59		—
Outstanding at December 31, 2019		295,587		$	24.28		6.56	$	93,028
Vested or expected to vest at December 31, 2019		278,798		$	24.32		6.38	$	83,334
Exercisable at December 31, 2019		189,770		$	24.56		4.95	$	33,600

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, 2019:

	Weighted Number			Average
	of Shares			Grant Date
	Subject to Option			Fair Value (per Option)
Non-vested at July 1, 2019		104,214		$	4.077
Granted		54,025		$	3.030
Vested		(43,220	)	$	2.790
Forfeited or expired		(9,202	)	$	4.194
Non-vested at December 31, 2019		105,817		$	4.058