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Stock-based Compensation (Tables) | 12 Months Ended
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Jun. 30, 2024
Stock Based Compensation [Abstract] |
Schedule of Weighted Average Assumptions of Option Award | The table below outlines the weighted average assumptions that the Company used to calculate the fair value of each option award for the years ended June 30, 2024 and 2023.
|  | 2024 |  |  | 2023 |
Dividend yield |  |  | 3.61% |  |  |  | 0.03% |
Expected stock price volatility |  |  | 31.21% |  |  |  | 27.20% |
Risk-free interest rate |  |  | 4.39% |  |  |  | 2.71% |
Expected option life (in years) |  |  | 5.3yrs |  |  |  | 5.4yrs |
Weighted average fair value per share of options granted during the period |  | $ | 4.11 |  |  | $ | 4.18 |
Schedule of Stock Option Activity | The following table summarizes stock option activity during the year ended June 30, 2024:
|  | Employee Stock Option Plans
|  |  |  |  |  | Weighted |  |
|  | Number of |  | Weighted |  | Average |  |
|  | Shares |  | Average |  | Remaining |  | Aggregate
|  | Subject |  | Exercise |  | Contractual |  | Intrinsic
|  | to Option |  | Price |  | Term |  | Value
Balance at July 1, 2023 |  |  | 296,331 |  |  | $ | 19.15 |  |  |  | 6.49 |  |  |  |  |
Granted |  |  | 80,900 |  |  | $ | 16.78 |  |  |  | 9.22 |  |  |  |  |
Exercised |  |  | (31,325 | ) |  | $ | 16.80 |  |  |  | — |  |  |  |  |
Forfeited or expired |  |  | (23,850 | ) |  | $ | 24.30 |  |  |  | — |  |  |  |  |
Outstanding at June 30, 2024 |  |  | 322,056 |  |  | $ | 18.41 |  |  |  | 6.59 |  |  | $ | 1,259,317 |
Vested or expected to vest at June 30, 2024 |  |  | 313,205 |  |  | $ | 18.45 |  |  |  | 6.52 |  |  | $ | 1,212,613 |
Exercisable at June 30, 2024 |  |  | 174,756 |  |  | $ | 20.98 |  |  |  | 4.83 |  |  | $ | 382,667 |
Schedule of Changes in Non-Vested Stock Options | The following table summarizes changes in non-vested stock options during the year ended June 30, 2024:
|  | Weighted Number |  | Average
|  | of Shares |  | Grant Date
|  | Subject |  | Fair Value
|  | to Option |  | (per Option)
Non-vested at July 1, 2023 |  |  | 132,600 |  |  | $ | 3.98 |
Granted |  |  | 80,900 |  |  | $ | 4.11 |
Vested |  |  | (60,700 | ) |  | $ | 3.74 |
Forfeited or expired |  |  | (5,500 | ) |  | $ | 4.04 |
Non-vested at June 30, 2024 |  |  | 147,300 |  |  | $ | 4.15 |

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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 -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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