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Share-Based Compensation (Tables)

12 Months Ended

Jun. 30, 2019

Share-based Payment Arrangement [Abstract]

Share-Based Compensation Expense by Award Type

Share-based compensation expense for the fiscal years ended June 30, 2019, 2018 and 2017 is as follows ($000):

Year Ended June 30,						2019						2018						2017
Stock Options and Cash-Based Stock    Appreciation Rights						$	6,801					$	6,605					$	5,611
Restricted Share Awards, Restricted Share    Units, and Cash-Based Restricted Share Units						9,242						7,850						6,799
Performance Share Awards and Cash    Based Performance Share Unit Awards						8,920						5,221						3,626
						$	24,963					$	19,676					$	16,036

Schedule of Fair Value Assumptions under Stock Option Plan

The Company utilized the Black-Scholes valuation model for estimating the fair value of stock option expense. During the fiscal years ended June 30, 2019, 2018 and 2017, the weighted-average fair value of options granted under the stock option plan was $20.66, $14.23 and $8.88, respectively, per option using the following assumptions:

Year Ended June 30,						2019						2018						2017
Risk-free interest rate						2.80		%				2.00		%				1.43		%
Expected volatility						37		%				37		%				37		%
Expected life of options						6.96 years						6.43 years						6.28 years
Dividend yield						None						None						None

Stock Option and Cash-Based Stock Appreciation Rights Activity

Stock option and cash-based stock appreciation rights activity during the fiscal year ended June 30, 2019 was as follows:

						Stock Options																		Cash-Based Stock Appreciation Rights
						Number of Shares						Weighted Average Exercise Price						Number of Rights						Weighted Average Exercise Price
Outstanding - July 1, 2018						3,928,708						$	20.07					205,448						$	22.56
Granted						412,940						$	47.61					48,305						$	48.56
Exercised						(522,173)						$	16.66					(21,562)						$	20.45
Forfeited and Expired						(58,192)						$	26.29					(4,695)						$	31.43
Outstanding - June 30, 2019						3,761,283						$	23.47					227,496						$	28.09
Exercisable - June 30, 2019						2,348,812						$	18.62					89,827						$	27.50

Share-Based Compensation Outstanding and Exercisable Options

Outstanding and exercisable stock options at June 30, 2019 were as follows:

						Stock Options and Cash-Based Stock Appreciation Rights Outstanding																														Stock Options and Cash-Based Stock Appreciation Rights Exercisable
						Number of						Weighted Average Remaining						Weighted Average						Number of						Weighted Average Remaining						Weighted Average
Range of						Shares or						Contractual Term						Exercise						Shares or						Contractual Term						Exercise
Exercise Prices						Rights						(Years)						Price						Rights						(Years)						Price
$12.07 - $16.97						825,579						3.52						$	14.41					720,059						3.28						$	14.47
$16.98 - $18.06						799,765						4.52						$	17.72					591,237						3.95						$	17.68
$18.07 - $21.65						734,900						4.04						$	19.24					688,310						3.87						$	19.20
$21.66 - $33.75						679,449						7.15						$	22.25					309,016						7.02						$	22.01
$33.76 - $49.90						949,096						8.62						$	41.48					130,017						8.08						$	35.82
						3,988,789						5.65						$	23.74					2,438,639						4.34						$	18.68

Restricted Share, Restricted Share Unit and Cash-Based Restricted Share Unit Activity

Restricted share, restricted share unit, and cash-based restricted share unit activity during the fiscal year ended June 30, 2019, was as follows:

						Restricted Share Awards																		Restricted Share Units																		Cash-Based Restricted Share Units
						Number of Shares						Weighted Average Grant Date  Fair Value						Number of Shares						Weighted Average Grant Date Fair Value						Number of Units						Weighted Average Grant Date Fair Value
Nonvested - June 30, 2018						595,519						$	24.58					—						$	—					117,326						$	25.57
Granted						—						$	—					177,609						$	47.16					30,506						$	49.05
Vested						(401,341)						$	21.96					—						$	—					(68,846)						$	22.67
Forfeited						(10,749)						$	27.15					(1,872)						$	49.90					(1,344)						$	35.59
Nonvested - June 30, 2019						183,429						$	30.30					175,737						$	47.13					77,642						$	37.19

Performance Share and Cash-Based Performance Share Unit Award Activity

Performance share and cash-based performance share unit award activity relating to the Plan during the year ended June 30, 2019, was as follows:

						Performance Share Awards																		Cash-Based Performance Share Units
						Number of Shares						Weighted Average Grant Date Fair Value						Number of Units						Weighted Average Grant Date Fair Value
Nonvested - June 30, 2018						382,270						$	24.57					17,279						$	25.71
Granted						218,583						$	38.00					11,943						$	44.00
Vested						(100,481)						$	17.84					(4,398)						$	17.84
Forfeited						(86,721)						$	22.24					(600)						$	38.77
Nonvested - June 30, 2019						413,651						$	36.80					24,224						$	37.47

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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Tabular disclosure of the changes in outstanding nonvested performance-based units.

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Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock options and stock appreciation rights that were outstanding at the beginning and end of the year, exercisable at the end of the year, and the number of stock options and stock appreciation rights that were granted, exercised or converted, forfeited, and expired during the year.

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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.

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