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Share - Based Compensation (Tables)
 12 Months Ended
Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of share based compensation expense
The 2011 Plan, which expires in 2016, provides for granting of SARs, stock options, stock awards, cash awards, and such other awards or combination thereof as the Executive Organization and Compensation Committee or, in the case of director awards, the Corporate Governance Committee of the Board of Directors (together referred to as the Committee) may determine to officers, other key employees and members of the Board of Directors. Grants are generally made at regularly scheduled, committee meetings. Compensation costs charged to expense under award programs paid (or to be paid) with shares (including SARs, stock options, performance shares, restricted stock, and RSUs) are summarized in the table below:
Year Ended June 30,
 
 
 
 
 
(Shares in thousands)
2014

 
2013

 
2012

SARs and options
$
1,808

 
$
2,317

 
$
2,058

Performance shares
309

 
1,074

 
1,983

Restricted stock and RSUs
2,394

 
2,370

 
2,325

Total compensation costs under award programs
$
4,511

 
$
5,761

 
$
6,366
Schedule of Unrecognized Compensation Cost, Nonvested Awards [Table Text Block]
The aggregate unrecognized compensation cost for share-based award programs paid (or with the potential to be paid) at June 30, 2014 are summarized in the table below:
June 30,
(Shares in thousands)
2014

 
Expected Period of Recognition (Years)
SARs and options
$
1,947

 
2.5
Performance shares
3,668

 
1.7
Restricted stock and RSUs
2,024

 
1.5
Total unrecognized compensation costs under award programs
$
7,639

 
1.9
Weighted-average assumptions used for SARs and stock option grants issued
The weighted-average assumptions used for SARs and stock option grants issued in fiscal 2014, 2013
and 2012 are:
 
2014

 
2013

 
2012

Expected life, in years
4.6

 
5.5

 
5.6

Risk free interest rate
1.3
%
 
0.9
%
 
1.1
%
Dividend yield
2.5
%
 
2.5
%
 
2.5
%
Volatility
31.8
%
 
43.3
%
 
44.2
%
Per share fair value of SARs and stock options granted during the year
$11.02
 
$13.11
 
$9.88
Summary of SARs and stock option activity
A summary of SARs and stock options activity is presented below:
Year Ended June 30, 2014
Shares

 
Weighted-Average
Exercise Price

(Share amounts in thousands)
 
Outstanding, beginning of year
1,080

 
$
28.79

Granted
173

 
50.06

Exercised
(186
)
 
21.34

Forfeited
(28
)
 
38.76

Outstanding, end of year
1,039

 
$
33.40

Exercisable at end of year
659

 
$
28.88
Performance Shares [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of the performance shares and restricted stock activity
A summary of nonvested performance shares activity at June 30, 2014 is presented below:
Year Ended June 30, 2014
Shares

 
Weighted-Average
Grant-Date  
Fair Value

(Share amounts in thousands)
 
Nonvested, beginning of year
90

 
$
30.45

Awarded
8

 
50.40

Forfeitures
—

 
—

Vested
(57
)
 
29.27

Nonvested, end of year
41

 
$
35.97
Restricted stock and Restricted Stock units [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of the performance shares and restricted stock activity
A summary of the status of the Company’s non-vested restricted stock and RSUs at June 30, 2014 is
presented below:
Year Ended June 30, 2014
Shares

 
Weighted-Average
Grant-Date  
Fair Value

(Share amounts in thousands)
 
Nonvested, beginning of year
178

 
$
32.96

Granted
39

 
49.47

Forfeitures
(8
)
 
33.80

Vested
(76
)
 
33.13

Nonvested, end of year
133

 
$
37.60