Stock-based Compensation (Tables)

12 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement [Abstract]

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 year ended June 30, 2022 and 2021.

	2022			2021
Dividend yield		-			5.54	%
Expected stock price volatility		25.60	%		23.41	%
Risk-free interest rate		0.99	%		0.36	%
Expected option life (in years)		5.4	yrs		5.4	yrs
Weighted average fair value per share of options granted during the period	$	3.74		$	1.59

Schedule of stock option activity

The following table summarizes stock option activity during the twelve months ended June 30, 2022:

	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, 2021		304,662		$	23.37		6.06
Granted		81,550		$	14.75		9.08
Exercised		—			—		—
Forfeited or expired		(139,939	)	$	22.70		—
Outstanding at June 30, 2022		246,273		$	20.89		6.73	$	2,392
Vested or expected to vest at June 30, 2022		228,074		$	21.28		6.56	$	2,294
Exercisable at June 30, 2022		142,098		$	24.48		5.20	$	0

Schedule of changes in non-vested stock options

The following table summarizes changes in non-vested stock options during the twelve months ended June 30, 2022:

				Weighted
	Number of			Average
	Shares			Grant Date
	Subject			Fair Value
	to Option			(per Option)
Non-Vested at July 1, 2021		103,450		$	2.22
Granted		81,550			3.74
Vested		(43,025	)		3.03
Forfeited or expired		(37,800	)		2.65
Non-Vested at June 30, 2022		104,175		$	2.92