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Stock-Based Compensation and Incentive Performance Plans (Tables) | 12 Months Ended
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Jun. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of All Stock-Based Award Activity | A summary of all stock-based award activity for the last three fiscal years ended June 30 is as follows:
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | Number of Shares and Units |  |  | Weighted Average Grant Date Fair Value (per share) |  |  | Number of Shares and Units |  |  | Weighted Average Grant Date Fair Value (per share) |  |  | Number of Shares and Units |  |  | Weighted Average Grant Date Fair Value (per share) |
Non-vested at beginning of period - RSUs and PSUs |  |  | 1,288 |  |  | $ | 26.37 |  |  |  | 790 |  |  | $ | 42.44 |  |  |  | 1,780 |  |  | $ | 16.55 |
Granted |  |  | 1,768 |  |  | $ | 11.83 |  |  |  | 1,242 |  |  | $ | 20.34 |  |  |  | 873 |  |  | $ | 43.55 |
Vested |  |  | (528 | ) |  | $ | 27.38 |  |  |  | (250 | ) |  | $ | 36.23 |  |  |  | (1,583 | ) |  | $ | 15.61 |
Forfeited |  |  | (363 | ) |  | $ | 19.13 |  |  |  | (494 | ) |  | $ | 31.92 |  |  |  | (280 | ) |  | $ | 32.98 |
Non-vested at end of period - RSUs and PSUs |  |  | 2,165 |  |  | $ | 15.03 |  |  |  | 1,288 |  |  | $ | 26.37 |  |  |  | 790 |  |  | $ | 42.44 |
Schedule of Restricted Stock Grant Information | The fair value of RSUs and PSUs granted and of shares vested, and the tax benefit recognized from restricted shares vesting, for the last three fiscal years ended June 30 was as follows:
|  | Fiscal Year Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Fair value of RSUs and PSUs granted |  | $ | 20,726 |  |  | $ | 25,258 |  |  | $ | 38,005 |
Fair value of RSUs and PSUs vested |  | $ | 5,545 |  |  | $ | 4,684 |  |  | $ | 71,376 |
Tax benefit recognized from RSUs and PSUs vesting |  | $ | 673 |  |  | $ | 631 |  |  | $ | 3,658 |
Schedule of Average Assumptions | Grant date fair values are calculated using a Monte Carlo simulation model with grant date fair values per target share and related valuation assumptions as follows:
|  | Fiscal Year ended June 30, 2024 |
|  | Absolute TSR PSUs |  |  | Relative TSR PSUs |
Grant date fair value (per target share) |  | $ | 12.23 |  |  | $ | 15.42 |
Risk-free interest rate |  |  | 4.98 | % |  |  | 4.98 | %
Expected dividend yield |  |  | — |  |  |  | — |
Expected volatility |  |  | 33.70 | % |  |  | 23.10 | %
Expected term |  | 3.00 years |  |  | 3.00 years |
Grant date fair values are calculated using a Monte Carlo simulation model with grant date fair values per target share and related valuation assumptions as follows:
|  | Fiscal Year ended June 30, 2023 |
|  | Absolute TSR PSUs |  |  | Relative TSR PSUs |
Grant date fair value (per target share) |  | $ | 20.18 |  |  | $ | 27.47 |
Risk-free interest rate |  |  | 3.54 | % |  |  | 3.54 | %
Expected dividend yield |  |  | — |  |  |  | — |
Expected volatility |  |  | 40.30 | % |  |  | 26.60 | %
Expected term |  | 3.00 years |  |  | 3.00 years |
Grant date fair values are calculated using a Monte Carlo simulation model with weighted average grant date fair values per target share and related valuation assumptions as follows:
|  | Fiscal Year ended June 30, 2022 |
|  | Absolute TSR PSUs |  |  | Relative TSR PSUs |
Grant date fair value (per target share) |  | $ | 39.00 |  |  | $ | 60.09 |
Risk-free interest rate |  |  | 0.89 | % |  |  | 0.89 | %
Expected dividend yield |  |  | — |  |  |  | — |
Expected volatility |  |  | 36.93 | % |  |  | 24.46 | %
Expected term |  | 2.99 years |  |  | 2.99 years |
The weighted average grant date fair values per target share and related valuation assumptions were as follows:
|  | Fiscal Year ended June 30, |
|  | 2021 |  |  | 2020 |
Grant date fair value (per target share) |  | $ | 32.13 |  |  | $ | 10.92 |
Risk-free interest rate |  |  | 0.13 | % |  |  | 1.54 | %
Expected dividend yield |  |  | — |  |  |  | — |
Expected volatility |  |  | 40.37 | % |  |  | 36.28 | %
Expected term |  | 1.17 years |  |  | 1.85 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 rate |  |  | 2.99 | %
Expected dividend yield |  |  | — |
Expected volatility |  |  | 35.17 | %
Expected term |  | 3.00 years |
Schedule of Compensation Cost and Related Income Tax Benefits Recognized | Compensation cost and related income tax benefits recognized on the consolidated statements of operations for stock-based compensation plans were as follows:
|  | Fiscal Year Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Selling, general and administrative expense |  | $ | 12,704 |  |  | $ | 14,423 |  |  | $ | 15,611 |
Related income tax benefit |  | $ | 1,409 |  |  | $ | 1,734 |  |  | $ | 1,574 |
Schedule of Fair Value Assumptions | Grant date fair values were calculated using a Monte-Carlo simulation model with grant date fair values per target share and related valuation assumptions as follows:
|  | Absolute TSR PSUs |  |  | Relative TSR PSUs |
Grant date fair value (per target share) |  | $ | 13.84 |  |  | $ | 19.54 |
Risk-free interest rate |  |  | 4.28 | % |  |  | 4.28 | %
Expected dividend yield |  |  | — |  |  |  | — |
Expected volatility |  |  | 40.70 | % |  |  | 28.20 | %
Expected term |  | 3.00 years |  |  | 3.00 years |

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