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

12 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Share-based Compensation Costs

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

			Year Ended June 30,
			2024						2023						2022
Stock options			$	18,167					$	20,144					$	17,091
Performance Share Units (issued under LTIP)			26,415						18,631						13,844
Restricted Share Units (issued under LTIP)			10,677						9,762						7,799
Restricted Share Units (other)			75,642						72,149						20,859
Deferred Share Units (directors)			3,162						4,036						3,993
Employee Stock Purchase Plan			6,016						5,580						5,970
Total share-based compensation expense			$	140,079					$	130,302					$	69,556

Schedule of Unrecognized Compensation Cost

A summary of unrecognized compensation cost for unvested shared-based payment awards is as follows: 

			As of June 30, 2024
			Unrecognized Compensation Cost						Weighted Average Recognition Period (years)
Stock Options (issued under Stock Option Plans)			$	41,261					2.5
Performance Share Units (issued under LTIP)			42,486						1.7
Restricted Share Units (issued under LTIP)			17,058						1.9
Restricted Share Units (other)			66,999						1.6
Total unrecognized share-based compensation cost			$	167,804

Schedule of Share-based Compensation, Stock Options, Outstanding Under Various Plans

A summary of stock options outstanding under our 2004 Stock Option Plan is set forth below.

			2004 Stock Option Plan
Date of inception			Oct-04
Eligibility			Eligible employees, as determined by the Board of Directors
Options granted to date			48,015,347
Options exercised to date			(22,937,101)
Options cancelled to date			(12,870,834)
Options outstanding			12,207,412
Options available for issuance			5,018,767
Termination grace periods			Immediately “for cause”; 90 days for any other reason; 180 days due to death
Vesting schedule			25% per year, unless otherwise specified
Exercise price range			$26.81 - $52.62
Expiration dates			7/5/2024 - 5/06/2031

Schedule of Option Activity

A summary of activity under our stock option plans for the year ended June 30, 2024 is as follows:

			Options						Weighted- Average Exercise Price						Weighted- Average Remaining Contractual Term (years)						Aggregate Intrinsic Value ($’000’s)
Outstanding at June 30, 2023			12,219,439						$	38.44					4.68						$	62,473
Granted			2,148,780						36.55
Exercised			(944,092)						33.21
Forfeited or expired			(1,216,715)						38.46
Outstanding at June 30, 2024			12,207,412						$	38.51					4.31						$	6,142
Exercisable at June 30, 2024			4,616,707						$	41.22					2.93						$	280

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:

			Year Ended June 30,
			2024						2023						2022
Weighted–average fair value of options granted			$	9.00					$	6.75					$	9.02
Weighted-average assumptions used:
Expected volatility			30.46		%				28.73		%				26.39		%
Risk–free interest rate			4.44		%				3.98		%				1.15		%
Expected dividend yield			2.73		%				3.07		%				1.78		%
Expected life (in years)			4.26						4.20						4.15
Forfeiture rate (based on historical rates)			7		%				7		%				7		%
Average exercise share price			$	36.55					$	31.13					$	48.20

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

			Year Ended June 30,
			2024						2023						2022
Weighted–average fair value of options granted			$	—					$	8.09					$	—
Derived service period (in years)			—						1.70						—
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					$	—

Schedule of Non Option Award Activity

A summary of activity under our performance share units issued under the LTIP for the year ended June 30, 2024 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, 2023			1,013,385						$	61.64					1.75						$	42,106
Granted (1)			1,006,609						51.13
Vested (1)			(240,741)						61.23
Forfeited or expired			(174,137)						55.64
Outstanding at June 30, 2024			1,605,116						$	56.09					1.70						$	48,218

______________________

(1)PSUs are earned based on market or performance conditions and the actual number of PSUs earned, if any, is dependent upon performance and may range from 0 to 200 percent.

Schedule of Weighted Average Assumptions, Fair Value and Intrinsic Value

For the periods indicated, the weighted-average fair value of market based PSUs issued under LTIP, and weighted-average assumptions estimated under the Monte Carlo pricing model were as follows:

			Year Ended June 30,
			2024						2023						2022
Weighted–average fair value of performance share units granted			$21.17 - $59.48						$43.10 - $55.06						$69.78 - $75.15
Weighted-average assumptions used:
Expected volatility			28.05		%				29.00		%				28.00		%
Risk–free interest rate			4.38% - 4.95%						3.13% - 3.39%						0.45% - 0.71%
Expected dividend yield			—		%				—		%				1.7% - 1.8%
Expected life (in years)			3.00						3.11						3.10
Forfeiture rate (based on historical rates)			7		%				7		%				7		%
Weighted–average fair value of performance share units vested			$	—					$	41.75					$	30.39
Aggregate intrinsic value of performance share units vested ($ in ‘000’s)			$	—					$	6,216					$	10,370

For the periods indicated, the weighted-average fair value and aggregate intrinsic value of RSUs (issued under LTIP) were as follows:

			Year Ended June 30,
			2024						2023						2022
Weighted–average fair value of restricted share units granted			$	35.07					$	38.82					$	49.91
Weighted–average fair value of restricted share units vested			$	43.40					$	36.83					$	37.36
Aggregate intrinsic value of restricted share units vested ($ in ‘000’s)			$	9,093					$	3,947					$	9,139

For the periods indicated, the weighted-average fair value and intrinsic value of RSUs (other) were as follows:

			Year Ended June 30,
			2024						2023						2022
Weighted–average fair value of restricted share units granted			$	38.04					$	30.46					$	44.81
Weighted–average fair value of restricted share units vested			$	40.94					$	36.33					$	45.73
Aggregate intrinsic value of restricted share units vested ($ in ‘000’s)			$	62,821					$	15,755					$	7,406

For the periods indicated, the weighted-average fair value and intrinsic value of DSUs were as follows:

			Year Ended June 30,
			2024						2023						2022
Weighted–average fair value of deferred share units granted			$	38.43					$	29.72					$	50.04
Weighted–average fair value of deferred share units vested			$	36.81					$	32.44					$	41.24
Aggregate intrinsic value of deferred share units vested ($ in ‘000’s)			$	1,461					$	1,565					$	4,133

Schedule of Restricted Stock Activity

A summary of activity under our RSUs issued under the LTIP for the year ended June 30, 2024 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, 2023			774,360						$	42.83					1.68						$	32,175
Granted			535,801						35.07
Vested			(223,577)						43.40
Forfeited or expired			(130,259)						39.23
Outstanding at June 30, 2024			956,325						$	39.61					1.77						$	28,728

A summary of activity under our RSUs (other) issued for the year ended June 30, 2024 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, 2023			5,310,595						$	36.43					1.97						$	220,655
Granted			1,419,810						38.04
Vested			(1,576,565)						40.94
Forfeited or expired			(597,885)						35.76
Outstanding at June 30, 2024			4,555,955						$	35.87					1.79						$	136,861

Schedule of Nonvested Share Activity

A summary of activity under our deferred share units issued for the year ended June 30, 2024 is as follows:

			Units						Weighted-Average Price						Weighted- Average Remaining Contractual Term (years)						Aggregate Intrinsic Value ($’000’s)
Outstanding at June 30, 2023 (1)			994,568						$	29.98					0.36						$	41,324
Granted (2)			87,903						38.43
Outstanding at June 30, 2024 (2)			1,082,471						$	30.67					0.42						$	32,517

______________________

(1)    Includes 90,906 unvested DSUs.

(2)    Includes 47,871 unvested DSUs.

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