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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

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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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.

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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.

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