XML 57 R46.htm IDEA: XBRL DOCUMENT v3.20.4

SHARE CAPITAL, OPTION PLANS AND SHARE-BASED PAYMENTS (Tables)

6 Months Ended

Dec. 31, 2020

Share-based Payment Arrangement [Abstract]

Summary of Share-based Compensation Costs

Total share-based compensation expense for the periods indicated below is detailed as follows: 

			Three Months Ended December 31,												Six Months Ended December 31,
			2020						2019						2020						2019
Stock options			$	4,575					$	2,667					$	7,869					$	4,677
Performance Share Units (issued under LTIP)			2,555						1,521						5,039						2,921
Restricted Share Units (issued under LTIP)			1,956						1,309						3,958						2,969
Restricted Share Units (other)			3,084						10						5,070						20
Deferred Share Units (directors)			1,075						1,124						1,813						1,875
Employee Share Purchase Plan			1,281						1,152						2,513						2,212
Total share-based compensation expense			$	14,526					$	7,783					$	26,262					$	14,674

Summary of Option Activity

A summary of activity under our stock option plans for the six months ended December 31, 2020 is as follows:

			Options						Weighted- Average Exercise Price						Weighted- Average Remaining Contractual Term (years)						Aggregate Intrinsic Value ($’000's)
Outstanding at June 30, 2020			7,429,537						$	36.18					4.78						$	49,574
Granted			2,865,709						45.47
Exercised			(523,690)						29.59
Forfeited or expired			(222,260)						43.22
Outstanding at December 31, 2020			9,549,296						$	39.17					5.06						$	61,019
Exercisable at December 31, 2020			2,427,802						$	32.08					3.00						$	32,478

Schedule of Weighted-Average Fair Value of Options and Weighted-Average Assumptions Used

For the periods indicated, the weighted-average fair value of options and weighted-average assumptions estimated under the Black-Scholes option-pricing model were as follows:

			Three Months Ended December 31,												Six Months Ended December 31,
			2020						2019						2020						2019
Weighted–average fair value of options granted			$	7.33					$	6.74					$	8.38					$	6.49
Weighted-average assumptions used:
Expected volatility			26.64		%				22.03		%				26.18		%				22.09		%
Risk–free interest rate			0.26		%				1.55		%				0.20		%				1.65		%
Expected dividend yield			1.75		%				1.64		%				1.54		%				1.67		%
Expected life (in years)			4.15						4.11						4.66						4.11
Forfeiture rate (based on historical rates)			7		%				7		%				7		%				7		%
Average exercise share price			$	41.44					$	41.13					$	45.36					$	39.33

For the periods indicated, the weighted-average fair value of performance options and weighted-average assumptions estimated under the Monte Carlo pricing model were as follows:

			Three Months Ended December 31,												Six Months Ended December 31,
			2020						2019						2020						2019
Weighted–average fair value of options granted			—						—						$	10.18					—
Derived service period (in years)			—						—						1.80						—
Weighted-average assumptions used:
Expected volatility			—						—						28.00		%				—
Risk–free interest rate			—						—						0.42		%				—
Expected dividend yield			—						—						1.70		%				—
Average exercise share price			—						—						$	45.81					—

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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=120381028&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=120381028&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=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration