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STOCK PLANS AND STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Components of Stock-Based Compensation Expense and Related Tax Benefits A summary of the components of stock-based compensation expense recognized during the years ended June 30, 2020, 2019, and 2018, together with the income tax benefits realized, is as follows (in thousands):

 

 

 

Year Ended June 30,

 

 

 

2020

 

 

2019

 

 

2018

 

Stock-based compensation included in indirect costs and

   selling expense:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock and RSU expense

 

$

29,302

 

 

$

25,272

 

 

$

23,628

 

Income tax benefit recognized for stock-based compensation

 

$

5,849

 

 

$

4,865

 

 

$

7,769

 

Annual Performance-Based Awards Granted

The annual performance-based awards granted for each of the fiscal years presented were as follows:

 

 

 

Performance-based stock awards granted

 

 

Number of additional shares earned under performance-based stock awards

 

Fiscal year 2020

 

 

108,844

 

 

 

 

Fiscal year 2019

 

 

129,108

 

 

 

5,874

 

Fiscal year 2018

 

 

185,056

 

 

 

51,808

 

Summary of Activity Related to Restricted Stock and RSUs

Changes in the number of unvested restricted stock and RSUs during each of the years in the three-year period ended June 30, 2020, 2019, and 2018, together with the corresponding weighted-average fair values, are as follows:

 

 

 

Restricted Stock and

Restricted Stock Units

 

 

 

Number

of Shares

 

 

Weighted

Average

Grant Date

Fair Value

 

Unvested at June 30, 2017

 

 

834,607

 

 

$

71.20

 

Granted

 

 

276,871

 

 

 

146.27

 

Vested

 

 

(394,293

)

 

 

66.29

 

Forfeited

 

 

(53,198

)

 

 

95.03

 

Unvested at June 30, 2018

 

 

663,987

 

 

$

107.96

 

Granted

 

 

274,261

 

 

 

201.27

 

Vested

 

 

(276,626

)

 

 

61.85

 

Forfeited

 

 

(32,816

)

 

 

123.55

 

Unvested at June 30, 2019

 

 

628,806

 

 

$

134.10

 

Granted

 

 

271,542

 

 

 

252.25

 

Vested

 

 

(348,897

)

 

 

77.33

 

Forfeited

 

 

(49,528

)

 

 

181.89

 

Unvested at June 30, 2020

 

 

501,923

 

 

$

173.18

 

Summary of Activity Related to MSPP

Activity related to the MSPP during the year ended June 30, 2020 is as follows:

 

 

 

MSPP

 

RSUs outstanding, June 30, 2019

 

 

2,921

 

Granted

 

 

1,805

 

Issued

 

 

(2,473

)

Forfeited

 

 

(30

)

RSUs outstanding, June 30, 2020

 

 

2,223

 

Weighted average grant date fair value as adjusted for the applicable discount

 

$

159.36