XML 61 R21.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Stock-Based Compensation (Tables) | 9 Months Ended
--- | ---
Mar. 31, 2015
Stock Settled Stock Appreciation Rights SARS [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Stock-Based Compensation Grant Details | In the nine months ended March 31, 2015 and 2014, we granted SSSARs under the terms of the 2005 Plan. The following table summarizes information relating to these grants:
| Nine Months Ended March 31,
| 2015 |  | 2014
SSSARs granted | 149 |  |  | 146 |
Weighted average grant date fair value per right | $ | 9.94 |  |  | $ | 11.84 |
Weighted average assumptions used in fair value calculations: |  |  |
Risk-free interest rate | 0.86 | % |  | 0.75 | %
Dividend yield | 2.02 | % |  | 1.97 | %
Volatility factor of the expected market price of our common stock | 19.62 | % |  | 22.35 | %
Weighted average expected life in years | 2.71 |  |  | 3.12 |
Compensation Expense And Tax Benefits Recorded | The following table summarizes our continuing operations SSSARs compensation expense and tax benefits recorded:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
| 2015 |  | 2014 |  | 2015 |  | 2014
Compensation expense | $ | 308 |  |  | $ | 304 |  |  | $ | 893 |  |  | $ | 804 |
Tax benefits | $ | 108 |  |  | $ | 106 |  |  | $ | 313 |  |  | $ | 281 |
Intrinsic value of exercises | $ | 207 |  |  | $ | 2,343 |  |  | $ | 863 |  |  | $ | 2,431 |
Excess tax benefits | $ | 72 |  |  | $ | 820 |  |  | $ | 302 |  |  | $ | 851 |
Fair Value Of Awards Vested | The total fair values of SSSARs vested were as follows:
| Nine Months Ended March 31,
| 2015 |  | 2014
Fair value of vested rights | $ | 1,245 |  |  | $ | 1,138 |
Stock-Settled Stock Appreciation Rights Activity | The following table summarizes the activity relating to SSSARs granted under the 2005 Plan for the nine months ended March 31, 2015:
| Number of Rights |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Life in Years |  | Aggregate Intrinsic Value
Outstanding at beginning of year | 358 |  |  | $ | 76.75 |  |  |  |  |
Exercised | (54 | ) |  | $ | 63.54 |  |  |  |  |
Granted | 149 |  |  | $ | 91.13 |  |  |  |  |
Forfeited | (31 | ) |  | $ | 79.42 |  |  |  |  |
Outstanding at end of period | 422 |  |  | $ | 83.35 |  |  | 3.73 |  | $ | 4,984 |
Exercisable and vested at end of period | 154 |  |  | $ | 74.70 |  |  | 2.66 |  | $ | 3,150 |
Vested and expected to vest at end of period | 412 |  |  | $ | 83.35 |  |  | 3.73 |  | $ | 4,873 |
Employee Restricted Stock [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Stock-Based Compensation Grant Details | In the nine months ended March 31, 2015 and 2014, we granted shares of restricted stock to various employees under the terms of the 2005 Plan. The following table summarizes information relating to these grants:
| Nine Months Ended March 31,
| 2015 |  | 2014
Employees |  |  |
Restricted stock granted | 9 |  |  | 24 |
Grant date fair value | $ | 845 |  |  | $ | 2,190 |
Weighted average grant date fair value per award | $ | 91.13 |  |  | $ | 89.21 |
Director Restricted Stock [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Stock-Based Compensation Grant Details | In November 2014 and 2013, we granted shares of restricted stock to our nonemployee directors under the terms of the 2005 Plan. The following table summarizes information relating to each of these grants:
| Nine Months Ended March 31,
| 2015 |  | 2014
Nonemployee directors |  |  |
Restricted stock granted | 7 |  |  | 6 |
Grant date fair value | $ | 639 |  |  | $ | 490 |
Weighted average grant date fair value per award | $ | 92.92 |  |  | $ | 84.42 |
Restricted Stock [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Compensation Expense And Tax Benefits Recorded | The following table summarizes our continuing operations restricted stock compensation expense and tax benefits recorded:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
| 2015 |  | 2014 |  | 2015 |  | 2014
Compensation expense | $ | 384 |  |  | $ | 366 |  |  | $ | 1,318 |  |  | $ | 1,027 |
Tax benefits | $ | 134 |  |  | $ | 128 |  |  | $ | 461 |  |  | $ | 359 |
Excess tax benefits | $ | 142 |  |  | $ | 68 |  |  | $ | 154 |  |  | $ | 76 |
Fair Value Of Awards Vested | The total fair values of restricted stock vested were as follows:
| Nine Months Ended March 31,
| 2015 |  | 2014
Fair value of vested shares | $ | 1,818 |  |  | $ | 877 |
Restricted Stock Activity | The following table summarizes the activity relating to restricted stock granted under the 2005 Plan for the nine months ended March 31, 2015:
| Number of Shares |  | Weighted Average Grant Date Fair Value
Unvested restricted stock at beginning of year | 58 |  |  | $ | 79.09 |
Granted | 16 |  |  | $ | 91.89 |
Vested | (25 | ) |  | $ | 71.86 |
Forfeited | (3 | ) |  | $ | 79.22 |
Unvested restricted stock at end of period | 46 |  |  | $ | 87.61 |

X
- Definition ScheduleOfShareBasedCompensationFairValueOfAwardsVested + References No definition available. + Details
Name: | lanc_ScheduleOfShareBasedCompensationFairValueOfAwardsVestedTableTextBlock
Namespace Prefix: | lanc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of grant details related to stock-based compensation awards, including the number of awards granted and the fair value. + References No definition available. + Details
Name: | lanc_ScheduleOfShareBasedCompensationGrantDetailsTableTextBlock
Namespace Prefix: | lanc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of total share-based compensation cost, including the amounts attributable to each share-based compensation plan and any related tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock appreciation rights awards that were outstanding at the beginning and end of the year, and the number of stock appreciation rights awards that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockAppreciationRightsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_AwardTypeAxis=lanc_DirectorRestrictedStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AwardTypeAxis=lanc_EmployeeRestrictedStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_RestrictedStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_StockAppreciationRightsSARSMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |