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STOCK-BASED COMPENSATION (Tables) | 9 Months Ended
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Mar. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock-Based Compensation Expense and Resulting Tax Benefits | Stock-based compensation expense and the resulting deferred tax benefits were as follows (in thousands):
| Three Months Ended March 31, |  | Nine Months Ended March 31,
| 2023 |  | 2022 |  | 2023 |  | 2022
Pre-tax stock-based compensation expense | $ | 6,560 |  |  | $ | 14,004 |  |  | $ | 16,375 |  |  | $ | 37,792 |
Less: deferred tax benefit (a) | 2,400 |  |  | 3,288 |  |  | 4,407 |  |  | 8,013 |
Total stock-based compensation expense, net of tax | $ | 4,160 |  |  | $ | 10,716 |  |  | $ | 11,968 |  |  | $ | 29,779 |
_________________________________ (a)For the three and nine months ended March 31, 2023, the deferred tax benefit was reduced by $0.7 million and $0.2 million, respectively, attributable to stock-based compensation expense that is nondeductible for tax purposes pursuant to Section 162(m) as amended by the Tax Cuts and Jobs Act of 2017.
Schedule of Information Related to Restricted Stock | The following table includes information related to restricted stock, performance share awards and stock options for the nine months ended March 31, 2023:
| Restricted Stock |  | Performance Share Awards |  | Stock Options
| Number of Awards |  | Weighted Average Fair Value at Grant Date |  | Number of Awards |  | Weighted Average Fair Value at Grant Date |  | Number of Options |  | Weighted Average Exercise Price
Outstanding at June 30, 2022 | 1,201,130 |  |  | $ | 35.59 |  |  | 1,578,795 |  |  | $ | 33.66 |  |  | 896,354 |  |  | $ | 30.38 |
Granted | 419,519 |  |  | 36.69 |  |  | 823,009 |  |  | 35.34 |  |  | — |  |  | — |
Vested/exercised | (257,571) |  |  | 36.37 |  |  | (826,743) |  |  | 36.35 |  |  | (24,351) |  |  | 32.84 |
Forfeited | (72,268) |  |  | 35.81 |  |  | (81,350) |  |  | 33.41 |  |  | (2,906) |  |  | 35.65 |
Outstanding at March 31, 2023 | 1,290,810 |  |  | $ | 35.78 |  |  | 1,493,711 |  |  | $ | 33.09 |  |  | 869,097 |  |  | $ | 30.30 |
Stock options outstanding and exercisable at March 31, 2023 |  |  |  |  |  | 869,097 |  |  | $ | 30.30 |
Schedule of Information Related to Performance Share Awards | The following table includes information related to restricted stock, performance share awards and stock options for the nine months ended March 31, 2023:
| Restricted Stock |  | Performance Share Awards |  | Stock Options
| Number of Awards |  | Weighted Average Fair Value at Grant Date |  | Number of Awards |  | Weighted Average Fair Value at Grant Date |  | Number of Options |  | Weighted Average Exercise Price
Outstanding at June 30, 2022 | 1,201,130 |  |  | $ | 35.59 |  |  | 1,578,795 |  |  | $ | 33.66 |  |  | 896,354 |  |  | $ | 30.38 |
Granted | 419,519 |  |  | 36.69 |  |  | 823,009 |  |  | 35.34 |  |  | — |  |  | — |
Vested/exercised | (257,571) |  |  | 36.37 |  |  | (826,743) |  |  | 36.35 |  |  | (24,351) |  |  | 32.84 |
Forfeited | (72,268) |  |  | 35.81 |  |  | (81,350) |  |  | 33.41 |  |  | (2,906) |  |  | 35.65 |
Outstanding at March 31, 2023 | 1,290,810 |  |  | $ | 35.78 |  |  | 1,493,711 |  |  | $ | 33.09 |  |  | 869,097 |  |  | $ | 30.30 |
Stock options outstanding and exercisable at March 31, 2023 |  |  |  |  |  | 869,097 |  |  | $ | 30.30 |
Schedule of Information Related to Stock Options | The following table includes information related to restricted stock, performance share awards and stock options for the nine months ended March 31, 2023:
| Restricted Stock |  | Performance Share Awards |  | Stock Options
| Number of Awards |  | Weighted Average Fair Value at Grant Date |  | Number of Awards |  | Weighted Average Fair Value at Grant Date |  | Number of Options |  | Weighted Average Exercise Price
Outstanding at June 30, 2022 | 1,201,130 |  |  | $ | 35.59 |  |  | 1,578,795 |  |  | $ | 33.66 |  |  | 896,354 |  |  | $ | 30.38 |
Granted | 419,519 |  |  | 36.69 |  |  | 823,009 |  |  | 35.34 |  |  | — |  |  | — |
Vested/exercised | (257,571) |  |  | 36.37 |  |  | (826,743) |  |  | 36.35 |  |  | (24,351) |  |  | 32.84 |
Forfeited | (72,268) |  |  | 35.81 |  |  | (81,350) |  |  | 33.41 |  |  | (2,906) |  |  | 35.65 |
Outstanding at March 31, 2023 | 1,290,810 |  |  | $ | 35.78 |  |  | 1,493,711 |  |  | $ | 33.09 |  |  | 869,097 |  |  | $ | 30.30 |
Stock options outstanding and exercisable at March 31, 2023 |  |  |  |  |  | 869,097 |  |  | $ | 30.30 |
Schedule of Unrecognized Stock-Based Compensation Expense | Unrecognized stock-based compensation expense at March 31, 2023 was as follows (in thousands):
| Unrecognized Stock-Based Compensation Expense |  | Weighted Average Amortization Period
Restricted stock | $ | 23,381 |  |  | 1.8 years
Performance share awards | 22,830 |  |  | 1.8 years
Total unrecognized stock-based compensation expense | $ | 46,211 |  |  | 1.8 years
Schedule of Aggregate Intrinsic Value of Stock Options | The aggregate intrinsic value of stock options at March 31, 2023 was as follows (in thousands):
| Intrinsic Value of Stock Options
Outstanding and exercisable | $ | 2,325 |
Exercised during the nine months ended March 31, 2023 | 78 |

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