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SHARE-BASED COMPENSATION PLANS
6 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
SHARE-BASED COMPENSATION PLANS
SHARE-BASED COMPENSATION PLANS
Total share-based compensation expense was $6.8 and $5.2 for the three months ended December 31, 2016 and 2015, respectively, $12.4 and $16.9 for the six months ended December 31, 2016 and 2015, respectively, which is included in Selling, general and administrative expenses in the Condensed Consolidated Statements of Operations. As of December 31, 2016, the total unrecognized share-based compensation expense related to unvested stock options, Series A Preferred Stock, and restricted and other share awards is $31.4, $5.9 and $69.4, respectively. The unrecognized share-based compensation expense related to unvested stock options, Series A Preferred stock, and restricted and other share awards is expected to be recognized over a weighted-average period of 4.86, 4.05 and 3.39 years, respectively.
Restricted Share Units
The Company granted approximately 2.8 million restricted stock units (“RSU”) during the three and six months ended December 31, 2016, with a weighted-average grant date fair value per share of $24.64, which vests on the fifth anniversary of the grant date. The RSUs granted are accompanied by dividend equivalent rights and, as such, were valued at the closing market price of the Company’s Class A Common Stock on the date of grant. The Company recognized share-based compensation expense of $5.6 and $8.4 for the three and six months ended December 31, 2016, respectively. The Company recognized share-based compensation expense of $2.8 and $3.4 for the three and six months ended December 31, 2015, respectively.
Series A Preferred Stock
The Company granted 1.0 million shares of Series A Preferred Stock during the three and six months ended December 31, 2016, which vest on the fifth anniversary of the grant date and are accounted for partially as a liability and partially as equity. The Company recognized share-based compensation (income) of $(0.5) and $(0.7) for the three and six months ended December 31, 2016, respectively. The Company recognized share-based compensation expense of $0.2 and $0.7 for the three and six month ended December 31, 2015, respectively.
Non-Qualified Stock Options
The Company granted 8.2 million non-qualified stock options during the three and six months ended December 31, 2016, with a weighted average grant date fair value of $6.42 per share. The options become exercisable five years from the date of the grant. The Company recognized share-based compensation expense of $1.7 and $4.7 for the three and six months ended December 31, 2016, respectively. The Company recognized share-based compensation expense of $2.1 and $4.8 for the three and six months ended December 31, 2015, respectively.