SHARE-BASED COMPENSATION PLANS

6 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

Share-based compensation expense is recognized on a straight-line basis over the requisite service period. Total share-based compensation is shown in the table below:


	Three Months Ended December 31,						Six Months Ended December 31,
	2019		2018		2019		2018
Equity plan expense	$	10.3	$	4.4	$	16.5	$	10.8
Liability plan (income) expense	—		(2.6)		—		(2.6)
Fringe expense	1.1		0.5		1.2		0.5
Total share-based compensation expense	$	11.4	$	2.3	$	17.7	$	8.7

The share-based compensation expense for the three and six months ended December 31, 2019 of $11.4 and $17.7, respectively, includes $11.4 and $20.2 expense offset by nil and $2.5 income, respectively, primarily due to significant executive forfeitures of share-based compensation instruments. The share-based compensation expense for the three and six months ended December 31, 2018 of $2.3 and $8.7, respectively, includes $8.2 and $17.5 expense offset by $5.9 and $8.8 income, respectively, primarily due to significant executive forfeitures of share-based compensation instruments.

As of December 31, 2019, the total unrecognized share-based compensation expense related to stock options, Series A and A-1 Preferred Stock and restricted and other share awards is $41.9, $8.1 and $107.0, respectively. The unrecognized share-based compensation expense related to stock options, Series A and A-1 Preferred stock and restricted and other share awards is expected to be recognized over a weighted-average period of 3.89, 3.94 and 3.82 years, respectively.

Restricted Share Units and Other Share Awards

The Company granted approximately 5.3 million RSUs and other share awards during the three and six months ended December 31, 2019, respectively. The Company recognized share-based compensation expense of $8.0 and $3.6 for the three months ended December 31, 2019 and 2018, respectively and $13.0 and $7.7 for the six months ended December 31, 2019 and 2018, respectively.

Series A Preferred Stock and Series A-1 Preferred Stock

The Company granted no shares of Series A Preferred Stock and no shares of Series A-1 Preferred Stock during the three and six months ended December 31, 2019. The Company recognized share-based compensation expense (income) of $0.5 and $(4.1) for the three months ended December 31, 2019 and 2018, respectively and $1.0 and $(4.2) for the six months ended December 31, 2019 and 2018, respectively.

Non-Qualified Stock Options

The Company granted 2.2 million non-qualified stock options during the three and six months ended December 31, 2019. The Company recognized share-based compensation expense of $2.9 and $2.8 for the three months ended December 31, 2019 and 2018, respectively and $3.7 and $5.2 for the six months ended December 31, 2019 and 2018, respectively.