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Stock Based Compensation (Tables)
6 Months Ended
Dec. 31, 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 six months ended December 31, 2018 and 2017.

 

   December 31, 2018   December 31, 2017 
         
Dividend yield   3.68%    4.60% 
Company’s expected volatility   27.63%    23.97% 
Risk-free interest rate   2.70%    1.95% 
Expected term   5.2 yrs    4.7 yrs 
Weighted average fair value per share          
    of options granted during the period  $5.14   $2.79
Schedule of Stock Option Activity

The following table summarizes stock option activity during the six months ended December 31, 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   55,089   $27.20    9.94      
Exercised   (9,199)  $21.75          
Forfeited or expired   (1,555)  $25.19          
Outstanding at December 31, 2018   267,189   $24.97    6.71   $282,645 
Vested or expected to vest at December 31, 2018   251,262   $24.98    6.54   $260,376 
Exercisable at December 31, 2018   161,650   $25.09    4.95   $132,566