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Stock Based Compensation (Tables)

3 Months Ended

Sep. 30, 2018

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 three months ended September 30, 2018. There were no options awarded for the three months ended September 30, 2017.

	September 30, 2018
Dividend yield	3.89%
Company’s expected volatility	25.89%
Risk-free interest rate	2.75%
Expected term	5.1 yrs
Weighted average fair value per share
of options granted during the period	$4.405

Schedule of Stock Option Activity

The following table summarizes stock option activity during the three months ended September 30, 2018:

		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, 2018			222,854			$	24.29				6.26
Granted			500			$	25.70				9.77
Exercised			(9,199	)		$	21.75				—
Forfeited or expired			(1,055	)		$	24.38				—
Outstanding at September 30, 2018			213,100			$	24.40				6.14			$	1,169,705
Vested or expected to vest at September 30, 2018			200,057			$	24.43				5.97			$	1,091,877
Exercisable at September 30, 2018			125,800			$	24.76				4.36			$	645,746

Schedule of Changes in Non-Vested Stock Options

The following table summarizes changes in non-vested stock options during the three months ended September 30, 2018:

		Number				Weighted Average
		of Shares				Grant Date Fair
		Subject to Option				Value (per Option)
Non-vested at July 1, 2018			87,605			$	3.649
Granted			500			$	4.405
Vested			—			$	—
Forfeited or expired			(805	)		$	3.594
Non-vested at September 30, 2018			87,300			$	3.654

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- References

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Tabular disclosure of the changes in outstanding nonvested shares.

+ References

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 (c)(2)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901

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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.

+ References

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)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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-Section 50
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
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- Definition

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.

+ References

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 (f)(2)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901

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