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STOCK-BASED COMPENSATION (Tables) | 12 Months Ended
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Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Summary of options Activity | The following is a summary of options activity for the fiscal year ended June 30, 2018:
|  |  |  |  |  |  |  | Weighted |  |  |  |
|  |  |  |  | Weighted |  |  | Average |  |  | Aggregate |
|  |  |  |  | Average |  |  | Remaining |  |  | Intrinsic |
|  | Number of |  |  | Exercise |  |  | Contractual |  |  | Value |
|  | Options |  |  | Price |  |  | Life (in Years) |  |  | (in thousands) |
Outstanding at July 1, 2017 |  |  | 2,794,850 |  |  | $ | 34.68 |  |  |  |  |  |  |  |  |
Options Granted |  |  | 491,275 |  |  |  | 33.90 |  |  |  |  |  |  |  |  |
Options Exercised |  |  | (823,829 | ) |  |  | 30.14 |  |  |  |  |  |  |  |  |
Options Forfeited |  |  | (73,015 | ) |  |  | 29.72 |  |  |  |  |  |  |  |  |
Options Expired |  |  | (583,148 | ) |  |  | 46.56 |  |  |  |  |  |  |  |  |
Outstanding at June 30, 2018 |  |  | 1,806,133 |  |  |  | 32.88 |  |  |  | 6.32 |  |  | $ | 28,516 |
Exercisable at June 30, 2018 |  |  | 819,480 |  |  | $ | 38.29 |  |  |  | 3.78 |  |  | $ | 9,069 |
Summary of stock appreciation rights activity | The following is a summary of stock appreciation rights activity for the fiscal year ended June 30, 2018:
|  |  |  |  |  |  |  | Weighted |  |  |  |
|  | Number of |  |  | Weighted |  |  | Average |  |  | Aggregate |
|  | Stock |  |  | Average |  |  | Remaining |  |  | Intrinsic |
|  | Appreciation |  |  | Exercise |  |  | Contractual |  |  | Value |
|  | Rights |  |  | Price |  |  | Life (in Years) |  |  | (in thousands) |
Outstanding at July 1, 2017 |  |  | 99,500 |  |  | $ | 45.04 |  |  |  |  |  |  |  |  |
Rights Exercised |  |  | (34,100 | ) |  |  | 38.71 |  |  |  |  |  |  |  |  |
Rights Canceled |  |  | (65,400 | ) |  |  | 48.34 |  |  |  |  |  |  |  |  |
Outstanding at June 30, 2018 |  |  | - |  |  |  | - |  |  |  | - |  |  | $ | - |
Exercisable at June 30, 2018 |  |  | - |  |  | $ | - |  |  |  | - |  |  | $ | - |
Fair Values of Stock Option Awards Estimated Weighted Average Assumptions |
|  | Fiscal Year |
|  | 2018 |  |  | 2017 |  |  | 2016 |
Expected Life (in Years) |  |  | 6.68 |  |  |  | 6.88 |  |  |  | 6.78 |
Expected Volatility |  |  | 41.45 | % |  |  | 42.41 | % |  |  | 41.35 | %
Risk-free Interest Rate |  |  | 1.95 | % |  |  | 1.41 | % |  |  | 1.85 | %
Dividend Yield |  |  | 0.00 | % |  |  | 1.19 | % |  |  | 1.01 | %
Pre-vesting Forfeiture Rate |  |  | NA |  |  |  | 10.00 | % |  |  | 3.00 | %
Summary of Restricted Stock Units Activity |
|  |  |  |  | Weighted |
|  |  |  |  | Average |
|  | Number of |  |  | Grant Date |
|  | RSUs |  |  | Fair Value |
Outstanding at July 1, 2017 |  |  | 1,279,667 |  |  | $ | 26.14 |
RSUs Granted |  |  | 516,090 |  |  |  | 34.67 |
RSUs Vested |  |  | (378,859 | ) |  |  | 31.35 |
RSUs Forfeited |  |  | (189,940 | ) |  |  | 27.79 |
Outstanding at June 30, 2018 |  |  | 1,226,958 |  |  | $ | 28.31 |
Total Stock-Based Compensation Expense Included in Consolidated Statement of Earnings | The following table shows total stock-based compensation expense included in the Consolidated Statements of Income (Loss) (in thousands):
|  | Year Ended June 30, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
Cost of Educational Services |  | $ | 4,464 |  |  | $ | 5,312 |  |  | $ | 5,617 |
Student Services and Administrative Expense |  |  | 9,487 |  |  |  | 11,288 |  |  |  | 16,751 |
Restructuring Expense |  |  | 548 |  |  |  | - |  |  |  | - |
|  |  | 14,499 |  |  |  | 16,600 |  |  |  | 22,368 |
Income Tax Benefit |  |  | (5,829 | ) |  |  | (5,819 | ) |  |  | (8,564 | )
Net Stock-Based Compensation Expense |  | $ | 8,670 |  |  | $ | 10,781 |  |  | $ | 13,804 |

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + 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)(1) -URI http://asc.fasb.org/extlink&oid=109197908&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 http://asc.fasb.org/extlink&oid=109197908&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=109197908&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=109197908&loc=d3e5070-113901 + Details
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