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Share - Based Compensation (Tables) | 12 Months Ended
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Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of share based compensation expense | The 2019 Plan, which expires in 2024, 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, | 2020 |  |  | 2019 |  |  | 2018 |
SARs and options | $ | 2,954 |  |  | $ | 2,440 |  |  | $ | 1,961 |
Performance shares | 854 |  |  | 2,082 |  |  | 2,006 |
Restricted stock and RSUs | 3,146 |  |  | 2,391 |  |  | 2,660 |
Total compensation costs under award programs | $ | 6,954 |  |  | $ | 6,913 |  |  | $ | 6,627 |
Share-based Payment Arrangement, Nonvested Award, Cost [Table Text Block] | The aggregate unrecognized compensation cost for share-based award programs with the potential to be paid at June 30, 2020 is summarized in the table below:
June 30, | 2020 |  |  | Average Expected Period of Expected Recognition (Years)
SARs and options | $ | 4,113 |  |  | 2.2
Performance shares | 4,580 |  |  | 1.8
Restricted stock and RSUs | 3,028 |  |  | 2.1
Total unrecognized compensation costs under award programs | $ | 11,721 |  |  | 2.0
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 2020, 2019 and 2018 are:
| 2020 |  |  | 2019 |  |  | 2018 |
Expected life, in years | 6.2 |  |  | 6.0 |  |  | 6.0 |
Risk free interest rate | 1.6 | % |  | 2.8 | % |  | 2.1 | %
Dividend yield | 2.3 | % |  | 1.8 | % |  | 2.5 | %
Volatility | 23.7 | % |  | 22.5 | % |  | 24.3 | %
Per share fair value of SARs granted during the year | $10.12 |  | $16.15 |  | $11.25
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, 2020 |
(Shares in thousands) |
Outstanding, beginning of year | 1,479 |  |  | $ | 49.42 |
Granted | 296 |  |  | 54.20 |
Exercised | (139 | ) |  | 39.06 |
Forfeited | (16 | ) |  | 60.64 |
Outstanding, end of year | 1,620 |  |  | $ | 51.07 |
Exercisable at end of year | 996 |  |  | $ | 46.10 |
Expected to vest at end of year | 1,607 |  |  | $ | 51.01 |
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 non-vested performance shares activity at June 30, 2020 is presented below:
| Shares |  |  | Weighted-Average Grant-Date Fair Value |
Year Ended June 30, 2020 |
(Shares in thousands) |
Non-vested, beginning of year | 97 |  |  | $ | 50.88 |
Awarded | 17 |  |  | 52.86 |
Vested | (58 | ) |  | 47.87 |
Non-vested, end of year | 56 |  |  | $ | 54.62 |
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, 2020 is presented below:
| Shares |  |  | Weighted-Average Grant-Date Fair Value |
Year Ended June 30, 2020 |
(Share amounts in thousands) |
Non-vested, beginning of year | 89 |  |  | $ | 59.93 |
Granted | 81 |  |  | 56.74 |
Vested | (40 | ) |  | 53.60 |
Non-vested, end of year | 130 |  |  | $ | 59.91 |

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=115993241&loc=d3e301413-122809 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5047-113901 + 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 -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + 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 -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of cost not yet recognized and weighted-average period over which cost is expected to be recognized for nonvested award under share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
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