Share - Based Compensation (Tables)

12 Months Ended

Jun. 30, 2020

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of share based compensation expense

The 2019 Plan, which expires in 2024, provides for granting of SARs, stock options, stock awards, cash awards, and such other awards or combination thereof as the Executive Organization and Compensation Committee or, in the case of director awards, the Corporate Governance Committee of the Board of Directors (together referred to as the Committee) may determine to officers, other key employees and members of the Board of Directors. Grants are generally made at regularly scheduled committee meetings. Compensation costs charged to expense under award programs paid (or to be paid) with shares (including SARs, stock options, performance shares, restricted stock, and RSUs) are summarized in the table below:

Year Ended June 30,	2020		2019		2018
SARs and options	$	2,954	$	2,440	$	1,961
Performance shares	854		2,082		2,006
Restricted stock and RSUs	3,146		2,391		2,660
Total compensation costs under award programs	$	6,954	$	6,913	$	6,627

Share-based Payment Arrangement, Nonvested Award, Cost [Table Text Block]

The aggregate unrecognized compensation cost for share-based award programs with the potential to be paid at June 30, 2020 is summarized in the table below:

June 30,	2020		Average Expected Period of Expected Recognition (Years)
SARs and options	$	4,113	2.2
Performance shares	4,580		1.8
Restricted stock and RSUs	3,028		2.1
Total unrecognized compensation costs under award programs	$	11,721	2.0

Weighted-average assumptions used for SARs and stock option grants issued

The weighted-average assumptions used for SARs and stock option grants issued in fiscal 2020, 2019
and 2018 are:

	2020		2019		2018
Expected life, in years	6.2		6.0		6.0
Risk free interest rate	1.6	%	2.8	%	2.1	%
Dividend yield	2.3	%	1.8	%	2.5	%
Volatility	23.7	%	22.5	%	24.3	%
Per share fair value of SARs granted during the year	$10.12		$16.15		$11.25

Summary of SARs and stock option activity

A summary of SARs and stock options activity is presented below:

	Shares		Weighted-Average Exercise Price
Year Ended June 30, 2020
(Shares in thousands)
Outstanding, beginning of year	1,479		$	49.42
Granted	296		54.20
Exercised	(139	)	39.06
Forfeited	(16	)	60.64
Outstanding, end of year	1,620		$	51.07
Exercisable at end of year	996		$	46.10
Expected to vest at end of year	1,607		$	51.01

Performance Shares [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of the performance shares and restricted stock activity

A summary of non-vested performance shares activity at June 30, 2020 is presented below:

	Shares		Weighted-Average Grant-Date   Fair Value
Year Ended June 30, 2020
(Shares in thousands)
Non-vested, beginning of year	97		$	50.88
Awarded	17		52.86
Vested	(58	)	47.87
Non-vested, end of year	56		$	54.62

Restricted stock and Restricted Stock units [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of the performance shares and restricted stock activity

A summary of the status of the Company’s non-vested restricted stock and RSUs at June 30, 2020 is presented below:

	Shares		Weighted-Average Grant-Date   Fair Value
Year Ended June 30, 2020
(Share amounts in thousands)
Non-vested, beginning of year	89		$	59.93
Granted	81		56.74
Vested	(40	)	53.60
Non-vested, end of year	130		$	59.91