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Stock Repurchases | 9 Months Ended
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Mar. 31, 2024
Stock Repurchases |
Stock Repurchases | Note 10: Stock Repurchases ​ On April 28, 2022, the Corporation’s Board of Directors announced a stock repurchase plan, authorizing the purchase of up to 364,259 shares of the Corporation’s outstanding common stock over a one-year period. On April 27, 2023, the Board extended existing stock repurchase plan until April 28, 2024, or until completion, whichever occurs first. As of September 28, 2023, the Corporation had acquired a total of 338,831 shares, or 93 percent of the total shares authorized under the April 2022 stock repurchase plan, at an average cost of $13.98 per share. ​ On that same date, on September 28, 2023, the Board approved a new stock repurchase plan, authorizing the purchase of up to 350,353 shares of the Corporation’s outstanding common stock over a one-year period. Additionally, the Board terminated the remaining 25,428 shares available for purchase under the April 2022 plan. ​ During the quarter ended March 31, 2024, the Corporation purchased 50,051 shares of its common stock under the September 2023 stock repurchase plan with a weighted average cost of $13.99 per share. As of March 31, 2024, 237,592 shares or 68 percent of authorized common stock under the September 2023 plan remained available to purchase until the plan expires on September 28, 2024. For the nine months ended March 31, 2024, the Corporation purchased 148,873 shares of its common stock under the April 2022 and September 2023 stock repurchase plans, with a weighted average cost of $13.06 per share.

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//505-30/tableOfContent + Details
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