Note 11: Employee Benefits: 2003 Stock Option Plan Policy (Policies)	12 Months Ended
Jun. 30, 2018
Policies
2003 Stock Option Plan Policy	2003 Stock Option Plan. The Company adopted a stock option plan in October 2003 (the 2003 Plan). Under the plan, the Company granted options to purchase 242,000 shares (split-adjusted) to employees and directors, of which, options to purchase 177,000 shares (split-adjusted) have been exercised, options to purchase 45,000 shares (split-adjusted) have been forfeited, and 20,000 remain outstanding. Under the 2003 Plan, exercised options may be issued from either authorized but unissued shares, or treasury shares. At the 2017 annual meeting, shareholders approved the 2017 Omnibus Incentive Plan, which provided that no further awards would be made under the 2003 Plan. As of June 30, 2018, there was $11,000 in remaining unrecognized compensation expense related to nonvested stock options under the 2003 Plan, which will be recognized over the remaining weighted average vesting period. The aggregate intrinsic value of stock options outstanding at June 30, 2018, was $541,000, and the aggregate intrinsic value of stock options exercisable at June 30, 2018, was $455,000. During fiscal 2018, options to purchase 24,000 shares were exercised. The intrinsic value of these options, based on the Company’s closing stock price of $39.02, was $764,000. The intrinsic value of options vested in fiscal 2018, 2017, and 2016 was $43,000, $262,000, and $37,000, respectively.

Note 11: Employee Benefits: 2003 Stock Option Plan Policy (Policies)

12 Months Ended

Jun. 30, 2018

2003 Stock Option Plan Policy

2003 Stock Option Plan. The Company adopted a stock option plan in October 2003 (the 2003 Plan). Under the plan, the Company granted options to purchase 242,000 shares (split-adjusted) to employees and directors, of which, options to purchase 177,000 shares (split-adjusted) have been exercised, options to purchase 45,000 shares (split-adjusted) have been forfeited, and 20,000 remain outstanding. Under the 2003 Plan, exercised options may be issued from either authorized but unissued shares, or treasury shares. At the 2017 annual meeting, shareholders approved the 2017 Omnibus Incentive Plan, which provided that no further awards would be made under the 2003 Plan.

As of June 30, 2018, there was $11,000 in remaining unrecognized compensation expense related to nonvested stock options under the 2003 Plan, which will be recognized over the remaining weighted average vesting period. The aggregate intrinsic value of stock options outstanding at June 30, 2018, was $541,000, and the aggregate intrinsic value of stock options exercisable at June 30, 2018, was $455,000. During fiscal 2018, options to purchase 24,000 shares were exercised. The intrinsic value of these options, based on the Company’s closing stock price of $39.02, was $764,000. The intrinsic value of options vested in fiscal 2018, 2017, and 2016 was $43,000, $262,000, and $37,000, respectively.