XML 63 R45.htm IDEA: XBRL DOCUMENT
v3.21.2

Share-Based Compensation (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2021
Share-based Payment Arrangement [Abstract] |
Share-Based Compensation Expense by Award Type | Share-based compensation expense for the fiscal years ended June 30, 2021, 2020 and 2019 is as follows $000:
Year Ended June 30, |  | 2021 |  | 2020 |  | 2019
Stock Options and Cash-Based Stock Appreciation Rights |  | $ | 10,626 |  |  | $ | 11,893 |  |  | $ | 6,801 |
Restricted Share Awards, Restricted Share Units, and Cash-Based Restricted Share Units |  | 47,060 |  |  | 49,957 |  |  | 9,242 |
Performance Share Units and Cash Based Performance Share Units |  | 16,640 |  |  | 11,977 |  |  | 8,920 |
|  | $ | 74,326 |  |  | $ | 73,827 |  |  | $ | 24,963 |
Schedule of Fair Value Assumptions under Stock Option Plan | During fiscal years ended June 30, 2020 and 2019, the weighted-average fair value of options granted under the Plan was $14.79 and $20.66, respectively, per option using the following assumptions:
Year Ended June 30, |  |  |  | 2020 |  | 2019
Risk-free interest rate |  |  |  | 1.50 | % |  | 2.80 | %
Expected volatility |  |  |  | 39 | % |  | 37 | %
Expected life of options |  |  |  | 6.91 years |  | 6.96 years
Dividend yield |  |  |  | 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, 2021 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, 2020 |  | 3,721,801 |  |  | $ | 26.99 |  |  | 230,374 |  |  | $ | 32.13 |
Exercised |  | (1,047,216) |  |  | $ | 21.04 |  |  | (76,880) |  |  | $ | 28.75 |
Forfeited and Expired |  | (31,951) |  |  | $ | 33.86 |  |  | (8,160) |  |  | $ | 34.14 |
Outstanding - June 30, 2021 |  | 2,642,634 |  |  | $ | 29.26 |  |  | 145,334 |  |  | $ | 33.80 |
Exercisable - June 30, 2021 |  | 1,805,735 |  |  | $ | 25.31 |  |  | 63,209 |  |  | $ | 27.36 |
Share-Based Compensation Outstanding and Exercisable Options | Outstanding and exercisable stock options at June 30, 2021 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
$13.34 - $18.07 |  | 574,264 |  |  | 3.55 |  | $ | 16.18 |  |  | 574,264 |  |  | 3.55 |  | $ | 16.18 |
$18.07 - $24.35 |  | 685,719 |  |  | 4.01 |  | $ | 20.83 |  |  | 674,952 |  |  | 3.94 |  | $ | 20.70 |
$24.35 - $35.39 |  | 542,224 |  |  | 6.79 |  | $ | 33.21 |  |  | 291,734 |  |  | 6.18 |  | $ | 34.20 |
$35.39 - $36.90 |  | 573,384 |  |  | 8.21 |  | $ | 36.47 |  |  | 126,567 |  |  | 8.16 |  | $ | 36.43 |
$36.90 - $49.90 |  | 412,377 |  |  | 7.08 |  | $ | 47.85 |  |  | 201,427 |  |  | 6.96 |  | $ | 47.60 |
|  | 2,787,968 |  |  | 5.78 |  | $ | 29.49 |  |  | 1,868,944 |  |  | 4.78 |  | $ | 25.38 |
Restricted Share, Restricted Share Unit and Cash-Based Restricted Share Unit Activity | Restricted share award, restricted share unit, and cash-based restricted share unit activity during the fiscal year ended June 30, 2021, 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 Units |  |  | Weighted Average Grant Date Fair Value |  | Number of Units |  | Weighted Average Grant Date Fair Value
Nonvested - June 30, 2020 |  | 50,527 |  |  | $ | 35.92 |  |  | 2,242,412 |  |  |  | $ | 39.46 |  |  | 82,003 |  |  | $ | 38.31 |
Granted |  | — |  |  | $ | — |  |  | 1,277,460 |  |  |  | $ | 45.74 |  |  | 5,194 |  |  | $ | 44.30 |
Vested |  | (49,525) |  |  | $ | 35.47 |  |  | (996,955) |  |  |  | $ | 37.91 |  |  | (38,943) |  |  | $ | 38.57 |
Forfeited |  | (1,002) |  |  | $ | 18.42 |  |  | (196,745) |  |  |  | $ | 38.36 |  |  | (2,381) |  |  | $ | 38.91 |
Nonvested - June 30, 2021 |  | — |  |  | $ | — |  |  | 2,326,172 |  |  |  | $ | 43.67 |  |  | 45,873 |  |  | $ | 38.75 |
Performance Share and Cash-Based Performance Share Unit Award Activity | Performance share unit and cash-based performance share unit activity relating to the Plan during the year ended June 30, 2021, was as follows:
|  | Performance Share Units |  | Cash-Based Performance Share Units
|  | Number of Units |  | Weighted Average Grant Date Fair Value |  | Number of Units |  | Weighted Average Grant Date Fair Value
Nonvested - June 30, 2020 |  | 409,246 |  |  | $ | 40.96 |  |  | 35,188 |  |  | $ | 38.54 |
Granted |  | 209,639 |  |  | $ | 52.04 |  |  | — |  |  | $ | — |
Vested |  | (187,410) |  |  | $ | 30.03 |  |  | (14,928) |  |  | $ | 35.25 |
Forfeited |  | (5,344) |  |  | $ | 37.66 |  |  | — |  |  | $ | — |
Performance Adjustments |  | 92,178 |  |  | $ | 17.52 |  |  | 7,464 |  |  | $ | 35.25 |
Nonvested - June 30, 2021 |  | 518,309 |  |  | $ | 45.28 |  |  | 27,724 |  |  | $ | 39.43 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration