XML 62 R43.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock-Based Compensation (Tables)
 12 Months Ended
Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Assumptions used in our Black-Scholes valuation
The assumptions used in our Black-Scholes valuation related to grants made during 2016 were as follows:
 
 
2016
Risk-free interest rate
 
1.4
%
Expected life (years) (4)
 
4.5

Expected volatility (5)
 
31.7
%
Expected dividend yield
 
2.1
%
(4) Expected life is derived from historical experience.
(5) Expected volatility is based on the implied historical volatility of our stock.
Changes in stock options
Changes in our stock options for 2018 were as follows:
 
Options
 
Weighted
Average
Exercise Price
 
Weighted
Average
Remaining
Life (years)
 
Aggregate
Intrinsic value
(in thousands)
Options outstanding, June 30, 2017
1,726,791

 
$
34.08

 
 
 
 
Granted
—

 
—

 
 
 
 
Exercised
(625,503
)
 
35.54

 
 
 
 
Lapsed and forfeited
(111,296
)
 
34.68

 
 
 
 
Options outstanding, June 30, 2018
989,992

 
$
33.08

 
5.1
 
$
5,170

Options vested and expected to vest, June 30, 2018
989,992

 
$
33.08

 
5.1
 
$
5,170

Options exercisable, June 30, 2018
812,159

 
$
33.97

 
4.6
 
$
3,851
Changes in time vesting and performance vesting restricted stock units
Changes in our time vesting and performance vesting restricted stock units for 2018 were as follows:
 
Performance
Vesting
Stock
Units
 
Performance
Vesting
Weighted
Average Fair
Value
 
Time Vesting
Stock Units
 
Time Vesting
Weighted
Average Fair
Value
Unvested, June 30, 2017
280,250

 
$
27.62

 
1,153,444

 
$
27.66

Granted
158,397

 
38.81

 
434,391

 
37.87

Vested
(10,031
)
 
42.83

 
(421,625
)
 
30.29

Performance metric adjustments, net
16,766

 
25.88

 
—

 
—

Forfeited
(36,085
)
 
30.91

 
(82,535
)
 
30.81

Unvested, June 30, 2018
409,297

 
$
31.22

 
1,083,675

 
$
30.47