Share - Based Compensation (Tables)

12 Months Ended

Jun. 30, 2018

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of share based compensation expense

The 2015 Plan, which expires in 2020, 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,	2018		2017		2016
SARs and options	$	1,961	$	1,891	$	1,543
Performance shares	2,006		1,331		446
Restricted stock and RSUs	2,660		2,298		2,078
Total compensation costs under award programs	$	6,627	$	5,520	$	4,067

Schedule of Unrecognized Compensation Cost, Nonvested Awards [Table Text Block]

The aggregate unrecognized compensation cost for share-based award programs with the potential to be paid at June 30, 2018 are summarized in the table below:



June 30,	2018		Average Expected Period of Expected Recognition (Years)
SARs and options	$	3,729	2.5
Performance shares	3,282		1.7
Restricted stock and RSUs	2,173		1.9
Total unrecognized compensation costs under award programs	$	9,184	2.1

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 2018, 2017
and 2016 are:



	2018		2017		2016
Expected life, in years	6.0		4.8		4.4
Risk free interest rate	2.1	%	1.2	%	1.3	%
Dividend yield	2.5	%	2.5	%	2.5	%
Volatility	24.3	%	24.1	%	26.0	%
Per share fair value of SARs and stock options granted during the year	$11.25		$7.97		$6.79

Summary of SARs and stock option activity

A summary of SARs and stock options activity is presented below:



	Shares		Weighted-Average Exercise Price
Year Ended June 30, 2018
(Shares in thousands)
Outstanding, beginning of year	1,218		$	42.26
Granted	286		58.40
Exercised	(58	)	37.55
Forfeited	(45	)	55.64
Outstanding, end of year	1,401		$	45.32
Exercisable at end of year	789		$	41.08
Expected to vest at end of year	1,379		$	45.22

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, 2018 is presented below:



	Shares		Weighted-Average Grant-Date Fair Value
Year Ended June 30, 2018
(Shares in thousands)
Nonvested, beginning of year	52		$	43.99
Awarded	51		47.13
Vested	(10	)	48.76
Nonvested, end of year	93		$	45.16

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, 2018 is

presented below:



	Shares		Weighted-Average Grant-Date Fair Value
Year Ended June 30, 2018
(Share amounts in thousands)
Nonvested, beginning of year	116		$	46.91
Granted	53		62.62
Forfeitures	(10	)	54.96
Vested	(43	)	52.58
Nonvested, end of year	116		$	51.27