XML 24 R33.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Share-Based Compensation (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2012
Share-based Compensation [Abstract] |
Schedule of Share-Based Compensation | Total share-based compensation included as a component of selling, general, and administrative expense in our Consolidated Income Statements was as follows:
| Fiscal Year Ended June 30,
| 2012 |  | 2011 |  | 2010
| (in thousands)
Share-based compensation related to: |  |  |  |  |
Equity classified stock options | $ | 2,875 |  |  | $ | 3,106 |  |  | $ | 4,698 |
Equity classified restricted stock | 3,965 |  |  | 1,771 |  |  | 1,367 |
Total share-based compensation | $ | 6,840 |  |  | $ | 4,877 |  |  | $ | 6,065 |
Weighted Average Assumptions for the Options Granted During the Following Fiscal Years | The Company used the following weighted average assumptions for the options granted during the following fiscal years:
| Fiscal Year Ended June 30,
| 2012 |  | 2011 |  | 2010
Expected term | 6.77 years |  |  | 6.88 years |  |  | 6.82 years |
Expected volatility | 41.33 | % |  | 42.92 | % |  | 46.27 | %
Risk-free interest rate | 1.42 | % |  | 2.56 | % |  | 2.89 | %
Dividend yield | 0.00 | % |  | 0.00 | % |  | 0.00 | %
Weighted average fair value per option | $ | 14.94 |  |  | $ | 17.21 |  |  | $ | 12.43 |
Stock Option Plans | A summary of our stock option plans is presented below:
| Fiscal Year Ended June 30, 2012
| Options |  | Weighted- Average Exercise Price |  | Weighted- Average Remaining Contractual Life |  | Aggregate Intrinsic Value
Outstanding, beginning of year | 1,969,477 |  |  | $ | 27.47 |  |  |  |  |
Granted during the period | 85,578 |  |  | 34.23 |  |  |  |  |
Exercised during the period | (415,959 | ) |  | 21.67 |  |  |  |  |
Canceled, forfeited, or expired during the period | (9,137 | ) |  | 34.42 |  |  |  |  |
Outstanding, end of year | 1,629,959 |  |  | 29.27 |  |  | 5.67 |  | $ | 5,970,110 |
Vested and expected to vest at June 30, 2012 | 1,629,870 |  |  | 29.27 |  |  | 5.67 |  | $ | 5,970,070 |
Exercisable, end of year | 1,385,371 |  |  | $ | 28.60 |  |  | 5.12 |  | $ | 5,652,620 |
Unvested Shares | A summary of the status of the Company’s shares subject to unvested options is presented below:
| Fiscal Year Ended June 30, 2012
| Options |  | Weighted Average Exercise Price |  | Weighted Average Grant Date Fair- Value
Unvested, beginning of year | 445,010 |  |  | $ | 26.29 |  |  | $ | 12.25 |
Granted | 85,578 |  |  | 34.23 |  |  | 14.94 |
Vested | (280,703 | ) |  | 22.71 |  |  | 10.28 |
Canceled or forfeited | (5,297 | ) |  | 33.30 |  |  | 10.42 |
Unvested, end of year | 244,588 |  |  | $ | 33.02 |  |  | $ | 15.49 |
Stock Options Outstanding | The following table summarizes information about stock options outstanding and exercisable as of June 30, 2012:
|  | Options Outstanding |  | Options Exercisable
Range of Exercise Prices |  | Shares Outstanding |  | Weighted Average Remaining Contractual Life |  | Weighted Average Exercise Price |  | Number Exercisable |  | Weighted Average Exercise Price
$11.01 - $14.68 |  | 20,602 |  |  | 0.51 |  | $ | 13.67 |  |  | 20,602 |  |  | $ | 13.67 |
$14.68 - $18.35 |  | 314,396 |  |  | 6.20 |  | 18.12 |  |  | 314,396 |  |  | 18.12 |
$18.35 - $22.01 |  | 18,800 |  |  | 1.43 |  | 21.58 |  |  | 18,800 |  |  | 21.58 |
$22.01 - $25.68 |  | 189,725 |  |  | 6.41 |  | 24.55 |  |  | 137,915 |  |  | 24.56 |
$25.68 - $29.35 |  | 81,500 |  |  | 3.52 |  | 27.48 |  |  | 81,500 |  |  | 27.48 |
$29.35 - $33.02 |  | 364,120 |  |  | 4.62 |  | 31.46 |  |  | 359,120 |  |  | 31.45 |
$33.02 - $36.69 |  | 640,816 |  |  | 6.34 |  | 35.84 |  |  | 453,038 |  |  | 36.03 |
|  | 1,629,959 |  |  | 5.67 |  | $ | 29.27 |  |  | 1,385,371 |  |  | $ | 28.60 |
Restricted Stock Outstanding | During the fiscal year ended June 30, 2012, the Company elected to grant 173,246 shares of restricted stock to employees and non-employee directors, of which 159,746 of these shares were issued in the form of RSUs:
| Fiscal Year Ended June 30, 2012
| Shares granted |  | Date granted |  | Grant date fair value |  | Vesting period
Employees |  |  |  |  |  |  |
Certain employees based on promotions | 5,000 |  | January 31, 2012 |  | $ | 37.56 |  |  | Annually over 3 years
Certain employees based on promotions | 4,500 |  | May 1, 2012 |  | 32.61 |  |  | Annually over 3 years
Certain employees | 1,000 |  | June 18, 2012 |  | 31.33 |  |  | Annually over 3 years
Certain employees | 1,500 |  | November 1, 2012 |  | 32.94 |  |  | Annually over 3 years
Certain employees | 147,683 |  | December 2, 2011 |  | 34.35 |  |  | Annually over 3 years
Executive officers, vesting based on certain service and performance conditions | 1,563 |  | May 14, 2012 |  | 32.01 |  |  | Annually over 2 years
Non-Employee Directors(1) | 12,000 |  | December 2, 2011 |  | $ | 34.35 |  |  | 6 months
(1) | Per the Amended and Restated Director’s Equity Compensation Plan, non-employee directors will receive annual awards of restricted stock, as opposed to stock options. The number of shares of restricted stock to be granted will be established from time to time by the Board of Directors. Currently, the number of shares of restricted stock awarded to each non-employee director will be determined by dividing $80,000 by the fair market value of the common stock on the date of grant. These awards will generally vest in full on the day that is six months after the date of grant or upon the earlier occurrence of (i) the director’s termination of service as a director by reason of death, disability or retirement, or (ii) a change in control by the Company. The compensation expense associated with these awards will be recognized on a pro-rata basis over this period.
A summary of the status of the Company’s outstanding restricted stock is presented below:
| Fiscal Year Ended June 30, 2012
| Shares |  | Weighted Average Grant Date Fair Value
Outstanding, beginning of year | 241,085 |  |  | $ | 29.15 |
Granted during the period | 173,246 |  |  | 34.34 |
Vested during the period | (122,071 | ) |  | 28.12 |
Cancelled, forfeited, or expired during the period | (25,002 | ) |  | 32.00 |
Outstanding, end of year | 267,258 |  |  | $ | 32.43 |

X
- Definition Tabular disclosure of the changes in outstanding nonvested shares. + 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)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of share-based compensation plans that may be presented in a single table for outstanding, vested and expected to vest, and exercisable awards. The information that may be disclosed in this table may include, but is not limited to, number of shares, weighted average exercise price, weighted average remaining contractual life, and aggregate intrinsic value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
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 option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph 64 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph A240 -Subparagraph f -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
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 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. + 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_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + 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 (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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