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Share-Based Compensation (Tables) | 12 Months Ended
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Jun. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Summary of Weighted-Average Assumptions of Fair Value of Stock Options | The fair value of stock options awarded in fiscal years 2024, 2023 and 2022 was estimated on the date of each grant using a Black-Scholes option pricing model with the following weighted-average assumptions:
|  | Years Ended June 30,
|  | 2024 |  | 2023 |  | 2022
Expected volatility |  | 55.4 | % |  | 54.0 | % |  | 51.6 | %
Dividend yield |  | 1.1 | % |  | 2.2 | % |  | 2.4 | %
Risk-free interest rate |  | 4.6 | % |  | 4.0 | % |  | 1.1 | %
Expected term (in years) |  | 5.0 |  | 5.0 |  | 5.0
Summary of Stock Option Activity |
|  | Number of Awards |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term |  | Aggregate Intrinsic Value ($ in millions)
Outstanding at June 30, 2021 |  | 2,075,753 |  |  | $ | 43.47 |  |  |  |  |
Granted |  | 36,444 |  |  | $ | 34.43 |  |  |  |  |
Exercised |  | (891) |  |  | $ | 39.70 |  |  |  |  |
Forfeited |  | (69,656) |  |  | $ | 40.52 |  |  |  |  |
Expired |  | (79,061) |  |  | $ | 54.49 |  |  |  |  |
Outstanding at June 30, 2022 |  | 1,962,589 |  |  | $ | 42.96 |  |  |  |  |
Granted |  | 27,956 |  |  | $ | 36.24 |  |  |  |  |
Exercised |  | (117,621) |  |  | $ | 42.39 |  |  |  |  |
Withheld |  | (1,136) |  |  | $ | 44.90 |  |  |  |  |
Forfeited |  | (2,097) |  |  | $ | 42.16 |  |  |  |  |
Expired |  | (61,517) |  |  | $ | 49.67 |  |  |  |  |
Outstanding at June 30, 2023 |  | 1,808,174 |  |  | $ | 42.67 |  |  |  |  |
Granted |  | 11,014 |  |  | $ | 70.64 |  |  |  |  |
Exercised |  | (835,532) |  |  | $ | 45.06 |  |  |  |  |
Withheld |  | (369,042) |  |  | $ | 39.81 |  |  |  |  |
Forfeited |  | (1,028) |  |  | $ | 70.64 |  |  |  |  |
Outstanding at June 30, 2024 |  | 613,586 |  |  | $ | 41.61 |  |  | 3.6 years |  | $ | 41.7 |
Exercisable at June 30, 2024 |  | 603,600 |  |  | $ | 41.13 |  |  | 3.5 years |  | $ | 41.3 |
Summary of Outstanding and Exercisable Options by Exercise Price Range |
Exercise Price Range |  | Number Outstanding at June 30, 2024 |  | Weighted Average Remaining Contractual Term (in Years) |  | Weighted Average Exercise Price |  | Number Exercisable at June 30, 2024 |  | Weighted Average Exercise Price
$18.26 - $20.00 |  | 50,142 |  |  | 6.3 |  | $ | 18.26 |  |  | 50,142 |  |  | $ | 18.26 |
$20.01 - $30.00 |  | — |  |  | 0.0 |  | $ | — |  |  | — |  |  | $ | — |
$30.01 - $40.00 |  | 160,379 |  |  | 3.6 |  | $ | 37.13 |  |  | 160,379 |  |  | $ | 37.13 |
$40.01 - $50.00 |  | 311,969 |  |  | 3.0 |  | $ | 42.58 |  |  | 311,969 |  |  | $ | 42.58 |
$50.01 - $60.00 |  | 81,110 |  |  | 3.1 |  | $ | 57.59 |  |  | 81,110 |  |  | $ | 57.59 |
$60.01 - $70.64 |  | 9,986 |  |  | 9.3 |  | $ | 70.64 |  |  | — |  |  | $ | — |
|  | 613,586 |  |  |  |  | $ | 41.61 |  |  | 603,600 |  |  | $ | 41.13 |
Summary of Nonvested Stock Awards Activity |
|  | Number of Awards |  | Weighted Average Grant Date Fair Value
Restricted Award Balance at June 30, 2021 |  | 496,325 |  |  | $ | 29.44 |
Time-based granted |  | 281,533 |  |  | $ | 35.76 |
Vested |  | (216,656) |  |  | $ | 32.71 |
Forfeited |  | (45,538) |  |  | $ | 32.35 |
Restricted Award Balance at June 30, 2022 |  | 515,664 |  |  | $ | 31.27 |
Time-based granted |  | 285,268 |  |  | $ | 39.01 |
Vested |  | (246,306) |  |  | $ | 31.37 |
Forfeited |  | (31,880) |  |  | $ | 35.23 |
Restricted Award Balance at June 30, 2023 |  | 522,746 |  |  | $ | 35.18 |
Time-based granted |  | 191,909 |  |  | $ | 61.42 |
Vested |  | (273,296) |  |  | $ | 32.67 |
Forfeited |  | (40,262) |  |  | $ | 45.19 |
Restricted Award Balance at June 30, 2024 |  | 401,097 |  |  | $ | 48.44 |
Summary of Director Stock Units Activity |
|  | Number of Units |  | Weighted Average Grant Date Fair Value
Outstanding at June 30, 2021 |  | 353,365 |  |  | $ | 35.54 |
Granted |  | 37,234 |  |  | $ | 33.62 |
Distributed |  | (81,136) |  |  | $ | 33.28 |
Dividend equivalents |  | 7,770 |  |  | $ | — |
Outstanding at June 30, 2022 |  | 317,233 |  |  | $ | 31.89 |
Granted |  | 38,433 |  |  | $ | 34.93 |
Distributed |  | (54,057) |  |  | $ | 35.85 |
Dividend equivalents |  | 5,962 |  |  | $ | — |
Outstanding at June 30, 2023 |  | 307,571 |  |  | $ | 30.75 |
Granted |  | 21,590 |  |  | $ | 71.01 |
Distributed |  | (11,653) |  |  | $ | 36.14 |
Forfeited |  | (1,912) |  |  | $ | 70.64 |
Dividend equivalents |  | 3,223 |  |  | $ | — |
Outstanding at June 30, 2024 |  | 318,819 |  |  | $ | 33.85 |

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- 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 -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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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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