XML 45 R33.htm IDEA: XBRL DOCUMENT v3.6.0.2
Stock-Based Compensation (Tables)
 6 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Incentive Equity Awards
The activity related to the Company’s incentive equity awards for the three months ended December 31, 2016 consisted of the following:
 
Stock Options
 
Time-based
Restricted Stock Units
 
Performance-based
Restricted Stock Units
 
Number of
Options
 
Weighted-
Average
Exercise
Price
 
Number
of Shares
 
Weighted-
Average
Grant
Date Fair
Value
 
Number
of Shares
 
Weighted-
Average
Grant
Date Fair
Value
Balances at October 1, 2016
5,634,253

 
$
34.82

 
1,205,927

 
$
44.62

 
458,819

 
$
47.44

Granted
40,048

 
64.89

 
469,895

 
64.15

 
150,687

 
64.58

Exercise of stock options (a)
(74,058
)
 
20.65

 
—

 
—

 
—

 
—

Vesting of restricted stock units
—

 
—

 
(2,460
)
 
55.17

 
—

 
—

Expired/forfeited
—

 
—

 
(17,135
)
 
56.77

 
(4,804
)
 
65.94

Balances at December 31, 2016 (b), (c)
5,600,243

 
$
35.22

 
1,656,227

 
$
50.02

 
604,702

 
$
51.56


____________
(a)
Stock options exercised during the period of October 1, 2016 through December 31, 2016 had an aggregate intrinsic value of $3.3 million.

(b)
As of December 31, 2016, the Company’s outstanding vested and currently exercisable stock options using the December 31, 2016 closing stock price of $66.30 (approximately 2.9 million shares) had an aggregate intrinsic value of $108.5 million with a weighted-average exercise price of $28.41 and a weighted-average remaining contractual life of 5.2 years. The total of all stock options outstanding as of December 31, 2016 have a weighted-average remaining contractual life of 6.4 years.

(c)
As of December 31, 2016, time-based restricted stock units and performance-based restricted stock units expected to vest using the December 31, 2016 closing stock price of $66.30 (approximately 1.6 million and 0.6 million shares, respectively) had an aggregate intrinsic value of $104.1 million and $37.8 million, respectively.

The activity related to the Company’s incentive equity awards for the six months ended December 31, 2016 consisted of the following:

 
Stock Options
 
Time-based
Restricted Stock Units
 
Performance-based
Restricted Stock Units
 
Number of
Options
 
Weighted-
Average
Exercise
Price
 
Number
of Shares
 
Weighted-
Average
Grant
Date Fair
Value
 
Number
of Shares
 
Weighted-
Average
Grant
Date Fair
Value
Balances at July 1, 2016
7,059,067

 
$
32.57

 
1,202,896

 
$
44.34

 
468,516

 
$
47.15

Granted
40,048

 
64.89

 
485,790

 
64.23

 
163,026

 
63.74

Exercise of stock options (a)
(1,458,633
)
 
23.11

 
—

 
—

 
—

 
—

Vesting of restricted stock units
—

 
—

 
(2,460
)
 
55.17

 
—

 
—

Expired/forfeited
(40,239
)
 
38.97

 
(29,999
)
 
51.72

 
(26,840
)
 
48.54

Balances at December 31, 2016
5,600,243

 
$
35.22

 
1,656,227

 
$
50.02

 
604,702

 
$
51.56


____________
(a)
Stock options exercised during the period of July 1, 2016 through December 31, 2016 had an aggregate intrinsic value of $66.2 million.