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SHARE CAPITAL, OPTION PLANS AND SHARE-BASED PAYMENTS (Tables) | 6 Months Ended
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Dec. 31, 2022
Share-Based Payment Arrangement [Abstract] |
Schedule of Share-based Compensation Costs | Share-based compensation expense for the periods indicated below is detailed as follows:
| Three Months Ended December 31, |  | Six Months Ended December 31,
| 2022 |  | 2021 |  | 2022 |  | 2021
Stock Options (issued under Stock Option Plans) | $ | 5,724 |  |  | $ | 4,748 |  |  | $ | 9,309 |  |  | $ | 9,015 |
Performance Share Units (issued under LTIP) | 5,025 |  |  | 3,726 |  |  | 9,260 |  |  | 7,171 |
Restricted Share Units (issued under LTIP) | 2,644 |  |  | 1,930 |  |  | 4,819 |  |  | 4,096 |
Restricted Share Units (other) | 12,720 |  |  | 1,019 |  |  | 23,357 |  |  | 2,747 |
Deferred Share Units (directors) | 1,288 |  |  | 1,324 |  |  | 2,249 |  |  | 2,154 |
Employee Stock Purchase Plan | 1,421 |  |  | 1,662 |  |  | 3,036 |  |  | 3,160 |
Total share-based compensation expense | $ | 28,822 |  |  | $ | 14,409 |  |  | $ | 52,030 |  |  | $ | 28,343 |
Schedule of Unrecognized Compensation Cost | A summary of unrecognized compensation cost for unvested shared-based payment awards is as follows:
| As of December 31, 2022
| Unrecognized Compensation Cost |  | Weighted Average Recognition Period (years)
Stock Options (issued under Stock Option Plans) | 56,107.3 |  |  | 2.7
Performance Share Units (issued under LTIP) | 39,747.4 |  |  | 2.2
Restricted Share Units (issued under LTIP) | 20,520.4 |  |  | 2.2
Restricted Share Units (other) | 102,643.0 |  |  | 1.9
Total unrecognized share-based compensation cost | $ | 219,018.1 |  |  |
Schedule of Option Activity | A summary of activity under our stock option plans for the six months ended December 31, 2022 is as follows:
| Options |  | Weighted- Average Exercise Price |  | Weighted- Average Remaining Contractual Term (years) |  | Aggregate Intrinsic Value ($’000's)
Outstanding at June 30, 2022 | 8,820,662 |  |  | $ | 42.74 |  |  | 4.68 |  | $ | 7,111 |
Granted | 4,289,650 |  |  | 30.49 |  |  |  |  |
Exercised | (72,080) |  |  | 27.66 |  |  |  |  |
Forfeited or expired | (734,555) |  |  | 43.54 |  |  |  |  |
Outstanding at December 31, 2022 | 12,303,677 |  |  | $ | 38.51 |  |  | 5.07 |  | $ | 6,857 |
Exercisable at December 31, 2022 | 3,645,950 |  |  | $ | 39.19 |  |  | 3.08 |  | $ | 16 |
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,
| 2022 |  | 2021 |  | 2022 |  | 2021
Weighted–average fair value of options granted | $ | 5.77 |  |  | $ | 9.73 |  |  | $ | 6.40 |  |  | $ | 9.74 |
Weighted-average assumptions used: |  |  |  |  |  |  |
Expected volatility | 28.87 | % |  | 26.66 | % |  | 28.50 | % |  | 26.63 | %
Risk–free interest rate | 4.46 | % |  | 0.90 | % |  | 4.03 | % |  | 0.64 | %
Expected dividend yield | 3.46 | % |  | 1.63 | % |  | 3.16 | % |  | 1.58 | %
Expected life (in years) | 4.20 |  | 4.13 |  | 4.19 |  | 4.15
Forfeiture rate (based on historical rates) | 7 | % |  | 7 | % |  | 7 | % |  | 7 | %
Average exercise share price | $ | 26.81 |  |  | $ | 51.61 |  |  | $ | 30.07 |  |  | $ | 52.35 |
Schedule of Weighted Average Assumptions, Fair Value and Intrinsic Value | For the period in which performance options were granted, the weighted-average fair value of performance options and weighted-average assumptions estimated under the Monte Carlo pricing model were as follows:
|  |  | Six Months Ended December 31,
|  |  | 2022
Weighted–average fair value of options granted |  |  | $ | 8.09 |
Derived service period (in years) |  |  | 1.7
Weighted-average assumptions used: |  |  |
Expected volatility |  |  | 26.00 | %
Risk–free interest rate |  |  | 3.21 | %
Expected dividend yield |  |  | 2.00 | %
Average exercise share price |  |  | $ | 31.89 |
For the periods indicated, the weighted-average fair value of PSUs issued under LTIP, and weighted-average assumptions estimated under the Monte Carlo pricing model were as follows:
|  |  | Six Months Ended December 31,
|  |  |  |  | 2022 |  | 2021
Weighted–average fair value of performance share units granted |  |  |  |  | $43.10 - $55.06 |  | $69.78 - $75.15
Weighted-average assumptions used: |  |  |  |  |  |  |
Expected volatility |  |  |  |  | 29% - 31% |  | 28.00 | %
Risk–free interest rate |  |  |  |  | 3.13% - 3.39% |  | 0.45% - 0.71%
Expected dividend yield |  |  |  |  | — | % |  | 1.70% - 1.80%
Expected life (in years) |  |  |  |  | 3.11 |  | 3.10
Schedule of Non Option Award Activity | A summary of activity under our performance share units issued under the LTIP for the six months ended December 31, 2022 is as follows:
| Units |  | Weighted-Average Grant Date Fair Value |  | Weighted- Average Remaining Contractual Term (years) |  | Aggregate Intrinsic Value ($’000's)
Outstanding at June 30, 2022 | 812,937 |  |  | $ | 61.29 |  |  | 1.89 |  | $ | 30,762 |
Granted (1) | 533,694 |  |  | 54.56 |  |  |  |  |
Vested (1) | (224,593) |  |  | 41.75 |  |  |  |  |
Forfeited or expired | (70,006) |  |  | 66.30 |  |  |  |  |
Outstanding at December 31, 2022 | 1,052,032 |  |  | $ | 61.64 |  |  | 2.27 |  | $ | 31,182 |
__________________________ (1)PSUs are earned based on market conditions and the actual number of PSUs earned, if any, is dependent upon performance and may range from 0 to 200 percent.
Schedule of Restricted Stock Activity | A summary of activity under our RSUs issued under the LTIP for the six months ended December 31, 2022 is as follows:
| Units |  | Weighted-Average Grant Date Fair Value |  | Weighted- Average Remaining Contractual Term (years) |  | Aggregate Intrinsic Value ($’000's)
Outstanding at June 30, 2022 | 611,743 |  |  | $ | 44.14 |  |  | 1.62 |  | $ | 23,148 |
Granted | 400,299 |  |  | 38.82 |  |  |  |  |
Vested | (147,223) |  |  | 36.83 |  |  |  |  |
Forfeited or expired | (56,686) |  |  | 45.30 |  |  |  |  |
Outstanding at December 31, 2022 | 808,133 |  |  | $ | 42.22 |  |  | 2.20 |  | $ | 23,953 |
A summary of activity under our RSUs (other) issued for the six months ended December 31, 2022 is as follows:
| Units |  | Weighted-Average Grant Date Fair Value |  | Weighted- Average Remaining Contractual Term (years) |  | Aggregate Intrinsic Value ($’000's)
Outstanding at June 30, 2022 | 2,593,707 |  |  | $ | 44.90 |  |  | 2.86 |  | $ | 98,146 |
Granted | 1,479,192 |  |  | 28.27 |  |  |  |  |
Vested | (120,406) |  |  | 45.73 |  |  |  |  |
Forfeited or expired | (156,133) |  |  | 43.74 |  |  |  |  |
Outstanding at December 31, 2022 | 3,796,360 |  |  | $ | 38.60 |  |  | 2.65 |  | $ | 112,524 |
Schedule of Nonvested Share Activity | A summary of activity under our deferred share units issued for the six months ended December 31, 2022 is as follows:
| Units |  | Weighted-Average Price |  | Weighted- Average Remaining Contractual Term (years) |  | Aggregate Intrinsic Value ($’000's)
Outstanding at June 30, 2022 (1) | 885,701 |  |  | $ | 31.49 |  |  | 0.36 |  | $ | 33,515 |
Granted | 125,918 |  |  | 28.76 |  |  |  |  |
Outstanding at December 31, 2022 (2) | 1,011,619 |  |  | $ | 29.82 |  |  | 0.85 |  | $ | 29,984 |
______________________ (1) Includes 55,520 unvested DSUs. (2) Includes 90,906 unvested DSUs.

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- Definition Tabular disclosure of the changes in outstanding nonvested shares. + 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 (c)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + 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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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