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STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Jun. 30, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of options Activity

The following is a summary of options activity for the year ended June 30, 2019:

							Weighted
				Weighted			Average		Aggregate
				Average			Remaining		Intrinsic
		Number of		Exercise			Contractual		Value
		Options		Price			Life (in Years)		(in thousands)
Outstanding at July 1, 2018		1,806,133		$	32.88
Granted		129,025			49.01
Exercised		(412,544)			42.47
Forfeited		(16,157)			39.49
Expired		(17,979)			51.60
Outstanding at June 30, 2019		1,488,478			31.33		6.63		$	21,378
Exercisable at June 30, 2019		664,180		$	30.32		5.06		$	10,179

Fair Values of Stock Option Awards Estimated Weighted Average Assumptions

		Fiscal Year
		2019		2018		2017
Expected Life (in Years)		6.50		6.68		6.88
Expected Volatility		39.60	%	41.45	%	42.41	%
Risk-free Interest Rate		2.73	%	1.95	%	1.41	%
Dividend Yield		0.00	%	0.00	%	1.19	%
Pre-vesting Forfeiture Rate		NA		NA		10.00	%

Summary of Restricted Stock Units Activity

				Weighted
				Average
		Number of		Grant Date
		RSUs		Fair Value
Outstanding at July 1, 2018		1,226,958		$	28.31
Granted		217,960			49.57
Vested		(473,012)			27.66
Forfeited		(93,876)			34.47
Outstanding at June 30, 2019		878,030		$	34.86

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 (in thousands):

		Year Ended June 30,
		2019			2018			2017
Cost of Educational Services		$	1,239		$	4,464		$	5,312
Student Services and Administrative Expense			11,978			9,487			11,288
Restructuring Expense			—			548			—
			13,217			14,499			16,600
Income Tax Benefit			(4,685)			(5,829)			(5,819)
Net Stock-Based Compensation Expense		$	8,532		$	8,670		$	10,781

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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 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.

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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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