XML 60 R43.htm IDEA: XBRL DOCUMENT v3.21.2
STOCK-BASED COMPENSATION AND INCENTIVE PERFORMANCE PLANS (Tables)
 12 Months Ended
Jun. 30, 2021
Share-based Payment Arrangement [Abstract]  
Non-Vested Restricted Stock and Restricted Share Unit Awards
A summary of the restricted stock activity (includes all RSAs, RSUs and PSUs) for the last three fiscal years ended June 30 is as follows:
2021Weighted
Average 
Grant
Date Fair 
Value
(per share)		2020Weighted
Average 
Grant
Date Fair 
Value
(per share)		2019Weighted
Average 
Grant
Date Fair 
Value
(per share)
Non-vested - beginning of period2,049 $15.852,729 $12.941,057 $22.29
Granted237 $36.13990 $17.362,457 $11.84
Vested(374)$25.21(291)$23.28(411)$27.36
Forfeited(132)$17.18(1,379)$8.80(374)$18.33
Non-vested - end of period1,780 $16.552,049 $15.852,729 $12.94
Restricted Stock Grant Information
A summary of the fair value of restricted stock (includes all RSAs, RSUs and PSUs) granted and vested, and the tax benefit recognized from restricted stock vesting, for the last three fiscal years ended June 30 is as follows:
Fiscal Year Ended June 30,
202120202019
Fair value of restricted stock granted$8,551 $17,179 $29,067 
Fair value of restricted stock vested$15,847 $6,775 $11,232 
Tax benefit recognized from restricted stock vesting$1,597 $939 $3,241 
Schedule of Average Assumptions The weighted average grant date fair values per target share and related valuation assumptions were as follows:
Fiscal Year ended June 30,
202120202019
Grant date fair value (per target share)$32.13$10.92$6.91
Risk-free interest rate0.13 %1.54 %2.40 %
Expected dividend yield———
Expected volatility40.37 %36.28 %34.29 %
Expected term1.17 years1.85 years2.67 years
The grant date fair value per target share and related valuation assumptions used in the Monte Carlo simulation to value this award were as follows:
Grant date fair value (per target share)$21.63
Risk-free interest rate2.99 %
Expected dividend yield—
Expected volatility35.17 %
Expected term3.00 years
Share-based Payment Arrangement, Cost by Plan
Compensation cost and related income tax benefits recognized in the Consolidated Statements of Operations for stock-based compensation plans were as follows:
  
Fiscal Year Ended June 30,
 202120202019
Selling, general and administrative expense
$15,659 $13,078 $9,471 
Former Chief Executive Officer Succession Plan expense, net— — 429 
Discontinued operations— 544 165 
Total compensation cost recognized for stock-based compensation plans$15,659 $13,622 $10,065 
Related income tax benefit$1,296 $1,518 $1,189