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EQUITY AND SHARE-BASED COMPENSATION (Tables)

3 Months Ended

Sep. 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: 

			Three Months Ended September 30,
			2024						2023
Stock Options (issued under Stock Option Plans)			$	2,736					$	4,544
Performance Share Units (issued under LTIP)			7,188						5,889
Restricted Share Units (issued under LTIP)			3,767						2,881
Restricted Share Units (other)			13,285						21,372
Deferred Share Units (directors)			845						914
Employee Stock Purchase Plan			1,737						1,495
Total share-based compensation expense			$	29,558					$	37,095

Schedule of Unrecognized Compensation Cost

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

			As of September 30, 2024
			Unrecognized Compensation Cost						Weighted Average Recognition Period (years)
Stock Options (issued under Stock Option Plans)			$	44,523					2.56
Performance Share Units (issued under LTIP)			71,320						2.10
Restricted Share Units (issued under LTIP)			29,316						1.79
Restricted Share Units (other)			48,582						1.57
Total unrecognized share-based compensation cost			$	193,741

Schedule of Option Activity

A summary of activity under our stock option plans for the three months ended September 30, 2024 is as follows:

			Options						Weighted- Average Exercise Price						Weighted- Average Remaining Contractual Term (years)						Aggregate Intrinsic Value
Outstanding at June 30, 2024			12,207,412						$	38.51					4.31						$	6,142
Granted			1,559,170						28.49
Exercised			(5,250)						26.81
Forfeited or expired			(904,810)						37.57
Outstanding at September 30, 2024			12,856,522						$	37.36					4.44						$	20,135
Exercisable at September 30, 2024			4,966,126						$	41.71					3.01						$	829

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,
			2024						2023
Weighted–average fair value of options granted			$	5.77					$	9.16
Weighted-average assumptions used:
Expected volatility			28.60		%				30.93		%
Risk–free interest rate			3.66		%				4.44		%
Expected dividend yield			3.51		%				2.66		%
Expected life (in years)			4.31						4.24
Forfeiture rate (based on historical rates)			7		%				7		%
Average exercise share price			$	28.49					$	36.79

Schedule of Non Option Award Activity

A summary of activity under our PSUs issued under the LTIP for the three months ended September 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, 2024			1,605,116						$	56.09					1.70						$	48,218
Granted (1)			879,649						47.63
Forfeited or expired			(104,924)						52.18
Outstanding at September 30, 2024			2,379,841						$	53.07					2.10						$	78,547

______________________

(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:

			Three Months Ended September 30,
			2024						2023
Weighted–average fair value of performance share units granted			$	47.96					$	59.48
Weighted-average assumptions used:
Expected volatility			30.26		%				28.05		%
Risk–free interest rate			3.67		%				4.38		%
Expected dividend yield			—		%				—		%
Expected life (in years)			3.11						3.11

Schedule of Restricted Stock Activity

A summary of activity under our RSUs issued under the LTIP for the three months ended September 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, 2024			956,325						$	39.61					1.77						$	28,728
Granted			633,191						28.56
Forfeited or expired			(46,901)						37.70
Outstanding at September 30, 2024			1,542,615						$	35.12					2.21						$	50,914

A summary of activity under our RSUs (other) issued for the three months ended September 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, 2024			4,555,955						$	35.87					1.79						$	136,861
Granted			22,031						32.15
Vested			(60,887)						31.77
Forfeited or expired			(150,483)						37.10
Outstanding at September 30, 2024			4,366,616						$	35.87					1.55						$	144,120

Schedule of Nonvested Share Activity

A summary of activity under our DSUs issued for the three months ended September 30, 2024 is as follows:

			Units						Weighted-Average Price						Weighted- Average Remaining Contractual Term (years)						Aggregate Intrinsic Value ($’000's)
Outstanding at June 30, 2024 (1)			1,082,471						$	30.67					0.42						$	32,517
Granted			12,326						31.70
Outstanding at September 30, 2024 (2)			1,094,797						$	30.68					0.25						$	36,134

______________________

(1)    Includes 47,871 unvested DSUs.

(2)    Includes 49,709 unvested DSUs.

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