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Stock-Based Compensation (Tables) | 12 Months Ended
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Jun. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Components of Stock-Based Compensation Expense and Related Tax Benefits | Stock-based compensation expense and related income tax benefits recognized under all plans is as follows (in thousands):
| Year Ended June 30,
| 2024 |  | 2023 |  | 2022
Stock-based compensation expense | $ | 53,904 |  |  | $ | 39,643 |  |  | $ | 31,732 |
Income tax benefits recognized from stock-based compensation | 16,486 |  |  | 10,110 |  |  | 8,218 |
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 2024 | 74,843 |  | —
Fiscal 2023 | 51,600 |  | —
Fiscal 2022 | 47,749 |  | —
Summary of Activity Related to Restricted Stock and RSUs | Changes in the number of unvested RSUs for each of the periods presented, together with the corresponding weighted-average fair values, are as follows:
| Restricted Stock Units
| Number of Shares |  | Weighted Average Grant Date Fair Value
Unvested at June 30, 2021 | 425,971 |  | $ | 209.60 |
Granted | 237,723 |  | 249.04 |
Vested | (200,371) |  | 114.01 |
Forfeited | (26,704) |  | 249.09 |
Unvested at June 30, 2022 | 436,619 |  | $ | 253.02 |
Granted | 187,046 |  | 262.13 |
Vested | (157,001) |  | 235.73 |
Forfeited | (29,328) |  | 257.58 |
Unvested at June 30, 2023 | 437,336 |  | $ | 259.75 |
Granted | 194,106 |  |  | 307.68 |
Vested | (182,056) |  |  | 253.26 |
Forfeited | (21,679) |  |  | 282.35 |
Unvested at June 30, 2024 | 427,707 |  | $ | 283.12 |
Summary of Activity Related to MSPP | Activity related to the MSPP during the year ended June 30, 2024 is as follows:
| MSPP
RSUs outstanding, June 30, 2023 | 5,140
Granted | 1,959 |
Issued | (3,221) |
Forfeited | (355) |
RSUs outstanding, June 30, 2024 | 3,523
Weighted average grant date fair value as adjusted for the applicable discount | $ | 244.46 |

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- 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 -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + 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)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of employee stock purchase plan activity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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