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Share-Based Compensation (Tables) | 12 Months Ended
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Jun. 30, 2020
Share-based payment arrangements [Abstract] |
Number and Weighted Average Exercise Prices of Share Options | A summary of stock-options outstanding is as follows:
| Stock Options |  | Weighted Average Exercise Price |
| # |  | $ |
Balance, June 30, 2018 | 2,346,343 |  | 64.32 |
Granted | 4,897,993 |  | 97.44 |
Exercised (1) | (1,202,242 | ) | 38.64 |
Forfeited | (348,697 | ) | 100.92 |
Balance, June 30, 2019 | 5,693,397 |  | 95.88 |
Granted | 1,232,796 |  | 54.27 |
Exercised (1) | (103,828 | ) | 26.91 |
Expired | (135,926 | ) | 51.72 |
Forfeited | (937,936 | ) | 98.94 |
Balance, June 30, 2020 | 5,748,503 |  | 88.60 |
(1) | The weighted average share price on the option exercise dates for the year ended June 30, 2020 was $78.08 (year ended June 30, 2019 – $120.60).
Range of Exercise Prices of Outstanding Share Options | The following table summarizes the stock options that remain outstanding as at June 30, 2020:
Exercise Price ($) | Expiry Date | Weighted Average Remaining Life | Options Outstanding (#) |  | Options Exercisable (#) |
3.54 - 19.80 | August 10, 2020 - June 24, 2025 | 2.61 | 96,383 |  | 72,949 |
21.72 - 83.88 | August 9, 2020 - May 25, 2025 | 3.13 | 1,848,143 |  | 1,001,407 |
84.00 - 119.88 | December 21, 2022 - September 19, 2024 | 3.35 | 1,441,674 |  | 598,656 |
120.00 - 131.52 | November 8, 2023 - March 13, 2026 | 5.37 | 1,928,815 |  | 758,568 |
132.00 - 202.33 | October 23, 2023 - May 28, 2024 | 3.36 | 433,488 |  | 216,549 |
|  | 3.95 | 5,748,503 |  | 2,648,129 |
Summary of Stock Options that Remain Outstanding | The following table summarizes the stock options that remain outstanding as at June 30, 2020:
Exercise Price ($) | Expiry Date | Weighted Average Remaining Life | Options Outstanding (#) |  | Options Exercisable (#) |
3.54 - 19.80 | August 10, 2020 - June 24, 2025 | 2.61 | 96,383 |  | 72,949 |
21.72 - 83.88 | August 9, 2020 - May 25, 2025 | 3.13 | 1,848,143 |  | 1,001,407 |
84.00 - 119.88 | December 21, 2022 - September 19, 2024 | 3.35 | 1,441,674 |  | 598,656 |
120.00 - 131.52 | November 8, 2023 - March 13, 2026 | 5.37 | 1,928,815 |  | 758,568 |
132.00 - 202.33 | October 23, 2023 - May 28, 2024 | 3.36 | 433,488 |  | 216,549 |
|  | 3.95 | 5,748,503 |  | 2,648,129 |
Weighted Average Assumptions | Stock options granted during the respective periods highlighted below were fair valued based on the following weighted average assumptions:
| Year ended June 30, 2020 |  | Year ended June 30, 2019 |
Risk-free annual interest rate (1) | 0.88 | % | 1.81 | %
Expected annual dividend yield | 0 | % | 0 | %
Expected stock price volatility (2) | 89.60 | % | 81.37 | %
Expected life of options (years) (3) | 2.37 |  | 2.96 |
Forfeiture rate | 12.54 | % | 4.17 | %
(1) | The risk-free rate is based on Canada government bonds with a remaining term equal to the expected life of the options.
(2) | Volatility was estimated by using the average historical volatility of the Company.
(3) | The expected life in years represents the period of time that options granted are expected to be outstanding.
Summary of RSUs and DSUs Outstanding | A summary of the RSUs and DSUs outstanding are as follows:
| RSUs and DSUs |  | Weighted Average Issue Price of RSUs and DSUs |
| # |  | $ |
Balance, June 30, 2018 | 179,167 |  | 39.48 |
Issued | 61,877 |  | 96.24 |
Vested, released and issued | (61,849 | ) | 40.08 |
Forfeited | (10,000 | ) | 50.04 |
Balance, June 30, 2019 | 169,195 |  | 59.28 |
Issued | 266,640 |  | 37.82 |
Vested, released and issued | (44,823 | ) | 50.58 |
Forfeited | (14,716 | ) | 86.77 |
Balance, June 30, 2020 | 376,296 |  | 44.06 |
(1) | As of June 30, 2020, there were 360,098 RSUs and 16,198 DSUs outstanding (June 30, 2019 - 166,778 RSUs and 2,417 DSUs).
The following table summarizes the RSUs and DSUs that remain outstanding as at June 30, 2020:
Weighted Average Issue Price ($) | Expiry Date | Outstanding (#) |  | Vested (#) |
10.45 - 24.99 | September 29, 2020 - February 10, 2025 | 209,322 |  | 23,516 |
25.00 - 88.67 | August 3, 2021 - March 13, 2023 | 80,942 |  | 51,015 |
88.68 - 123.84 | July 12, 2021 - January 15, 2023 | 86,032 |  | 27,025 |
|  | 376,296 |  | 101,556 |

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- Definition The disclosure of information about indirect, by reference to the fair value of the equity instruments granted, measurement of the fair value of goods or services received as consideration for the entity's share options. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2019-01-01 -Paragraph 47 -Subparagraph a -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2019-en-r&anchor=para_47_a&doctype=Standard -URIDate 2019-03-27 + Details
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- Definition The disclosure of the number and weighted average exercise prices of other equity instruments (ie other than share options). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IFRS -Number 2 -IssueDate 2019-01-01 -Paragraph 45 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2019-en-r&anchor=para_45&doctype=Standard -URIDate 2019-03-27 + Details
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- Definition The disclosure of the number and weighted average exercise prices of share options. [Refer: Weighted average [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2019-01-01 -Paragraph 45 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2019-en-r&anchor=para_45_b&doctype=Standard -URIDate 2019-03-27 + Details
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- Definition The disclosure of the number and weighted average remaining contractual life of outstanding share options. [Refer: Weighted average [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2019-01-01 -Paragraph 45 -Subparagraph d -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2019-en-r&anchor=para_45_d&doctype=Standard -URIDate 2019-03-27 + Details
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