Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Share-based Compensation

v3.8.0.1
Note 8 - Share-based Compensation
 3 Months Ended
Sep. 30, 2017
Notes to Financial Statements  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
(
8
)
Share-Based Compensation
 
All options are issued at the closing stock price on each grant date, and have a contractual term of
10
years. A summary of stock option activity occ
urring during the
three
months ended
September 30, 2017
is presented below:
 
   
Shares
  
Outstanding as of June 30, 2017
    
836,020
  
Granted
    
19,482
  
Exercised
    
(250
 )
Canceled (forfeited/expired)
    
(120,859
 )
Outstanding as of September 30, 2017
    
734,393
  
         
Exerciseable as of September 30, 2017
    
444,417
  
 
A summary of stock unit activity occurring during the
three
months ended
September 30, 2017
is presented below.
 
           
Weighted
  
           
Average
  
           
Grant Date
  
   
Units
    
Fair Value
  
Non-vested units at June 30, 2017
    
308,330
     $
25.92
  
Granted
    
81,250
      
25.42
  
Vested
    
(59,211
 )    
23.96
  
Canceled (forfeited/expired)
    
-
      
-
  
Non-vested units at September 30, 2017
    
330,369
     $
26.15
  
 
A summary of restricted stock activity occurring during the
three
months ended
September 30, 2017
is presented below.
 
           
Weighted
  
           
Average
  
           
Grant Date
  
   
Units
    
Fair Value
  
Non-vested shares at June 30, 2017
    
-
     $
-
  
Granted
    
16,234
      
25.62
  
Vested
    
-
      
-
  
Canceled (forfeited/expired)
    
-
      
-
  
Non-vested units at September 30, 2017
    
16,234
     $
25.62
  
 
 
At
September 30, 2017,
there were
1,267
,
423
shares of common stock available for future issuance pursuant to the Stock Incentive Plan.