XML 57 R46.htm IDEA: XBRL DOCUMENT
v3.21.2

SHARE CAPITAL, OPTION PLANS AND SHARE-BASED PAYMENTS (Tables) | 3 Months Ended
--- | ---
Sep. 30, 2021
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 September 30,
| 2021 |  | 2020
Stock options | $ | 4,267 |  |  | $ | 3,294 |
Performance Share Units (issued under LTIP) | 3,445 |  |  | 2,484 |
Restricted Share Units (issued under LTIP) | 2,166 |  |  | 2,002 |
Restricted Share Units (other) | 1,728 |  |  | 1,986 |
Deferred Share Units (directors) | 830 |  |  | 738 |
Employee Stock Purchase Plan | 1,498 |  |  | 1,232 |
Total share-based compensation expense | $ | 13,934 |  |  | $ | 11,736 |
Summary of Option Activity | A summary of activity under our stock option plans for the three months ended September 30, 2021 is as follows:
| Options |  | Weighted- Average Exercise Price |  | Weighted- Average Remaining Contractual Term (years) |  | Aggregate Intrinsic Value ($’000's)
Outstanding at June 30, 2021 | 8,113,574 |  |  | $ | 40.16 |  |  | 4.88 |  | $ | 86,297 |
Granted | 950,360 |  |  | 52.62 |  |  |  |  |
Exercised | (796,187) |  |  | 34.29 |  |  |  |  |
Forfeited or expired | (183,483) |  |  | 44.93 |  |  |  |  |
Outstanding at September 30, 2021 | 8,084,264 |  |  | $ | 42.10 |  |  | 5.03 |  | $ | 57,378 |
Exercisable at September 30, 2021 | 2,343,797 |  |  | $ | 36.22 |  |  | 3.59 |  | $ | 29,347 |
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 September 30,
| 2021 |  | 2020
Weighted–average fair value of options granted | $ | 9.75 |  |  | $ | 8.50 |
Weighted-average assumptions used: |  |  |
Expected volatility | 26.62 | % |  | 26.12 | %
Risk–free interest rate | 0.55 | % |  | 0.20 | %
Expected dividend yield | 1.56 | % |  | 1.52 | %
Expected life (in years) | 4.16 |  | 4.72
Forfeiture rate (based on historical rates) | 7 | % |  | 7 | %
Average exercise share price | $ | 52.62 |  |  | $ | 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: | dtr-types: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: | dtr-types: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: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration