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STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Jun. 30, 2015

Stock-based Compensation

Schedule of stock-based compensation expense recorded in the condensed consolidated statements of operations

The Company recorded stock‑based‑compensation expense in the consolidated statement of operations as follows (in thousands):

		2013			2014			2015
Cost of goods sold		$	820		$	887		$	1,037
Selling, general and administrative			15,394			15,940			21,249
Research and development			232			156			215
Stock based compensation expense			16,446			16,983			22,501
Less: Related income tax benefit			6,123			6,498			8,552
Stock based compensation expense, net		$	10,323		$	10,485		$	13,949

Schedule of weighted average assumptions used to determine the fair value calculations for stock options issued

		2013		2014		2015
Expected dividend		0	%	0	%	0	%
Risk-free interest rate		0.6	%	1.3	%	1.5	%
Expected volatility		33.0	%	33.0	%	31.0	%
Expected holding period (in years)		4.3		4.5		4.5

Summary of stock option activity

				Weighted-
				Average			Weighted-Average		Aggregate
		Number of		Exercise			Remaining Contractual		Intrinsic Value
		Options		Price			Term		(in thousands)
Outstanding at June 30,  2012		1,059,397			23.01
Granted		90,234			55.37
Exercised		(117,705)			15.59
Expired or forfeited		(12,193)			56.36
Outstanding at June 30,  2013		1,019,733			26.33
Granted		10,294			70.59
Exercised		(1,169)			39.97
Expired or forfeited		(5,867)			54.06
Outstanding at June 30,  2014		1,022,991			26.60
Granted		45,104			68.05
Exercised		(38,907)			41.20
Expired or forfeited		(16,538)			62.20
Outstanding at June 30,  2015		1,012,650			27.30		4.8 years		$	44,041
Exercisable at June 30,  2015		947,575		$	24.80		4.5 years		$	43,577

Summary of restricted stock award and RSU award activity

				Weighted-
				Average
		Shares		Fair Value
Nonvested at June 30, 2012		580,468		$	28.93
Granted		296,334			57.29
Vested		(236,070)			25.83
Forfeited		(13,608)			43.03
Nonvested at June 30, 2013		627,124		$	43.13
Granted		322,275			63.73
Vested		(283,091)			39.40
Forfeited		(4,908)			49.22
Nonvested at June 30, 2014		661,400		$	54.78
Granted		281,163			64.68
Vested		(262,221)			42.75
Forfeited		(20,436)			55.62
Nonvested at June 30, 2015		659,906		$	63.75

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Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

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Tabular disclosure of the changes in outstanding nonvested shares.

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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

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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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