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Stock-based Compensation (Tables)

12 Months Ended

Jun. 30, 2018

Disclosure of Compensation Related Costs, Share-based Payments [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, 2018 and 2017.

		2018				2017
Dividend yield			4.54	%			3.85	%
Expected stock price volatility			24.07	%			29.70	%
Risk-free interest rate			2.04	%			1.84	%
Expected option life (in years)			4.8	yrs			4.6	yrs
Weighted average fair value per share
of options granted during the period		$	2.95			$	4.64

Schedule of stock option activity

The following table summarizes stock option activity during the twelve months ended June 30, 2018:

		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, 2017			197,800			$	24.57				5.86
Granted			54,715			$	22.14				9.32
Exercised			(20,601	)		$	21.32				—
Forfeited or expired			(9,060	)		$	24.25				—
Outstanding at June 30, 2018			222,854			$	24.29				6.26			$	581,319
Vested or expected to vest at June 30, 2018			209,754			$	24.31				6.09			$	541,996
Exercisable at June 30, 2018			135,249			$	24.56				4.52			$	316,848

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, 2018:

		Weighted
		Number of				Average
		Shares				Grant Date
		Subject				Fair Value
		to Option				(per Option)
Non-Vested at July 1, 2017			42,900			$	4.59
Granted			54,715				2.92
Vested			(3,000	)			3.87
Forfeited or expired			(7,010	)			3.64
Non-Vested at June 30, 2018			87,605			$	3.65

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Tabular disclosure of the changes in outstanding nonvested shares.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
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-Publisher FASB
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
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