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Equity Based Compensation Equity Based Compensation (Tables)
12 Months Ended
Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
The weighted average of assumptions used in estimating the fair value of stock options granted during each year were as follows:
 
Year Ended June 30,
 
2017
 
2016
 
2015
Expected volatility
25% - 27%
 
28% - 31%
 
32%
Expected life (in years)
6.25
 
6.25
 
6.25
Risk-free interest rates
1.2% - 1.3%
 
1.5% - 1.7%
 
2%
Dividend yield
None
 
None
 
None
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]
The following table summarizes stock option activity and shares subject to outstanding options for the year ended June 30, 2017
 
 
Time
Performance
Market
 
Weighted
 
Weighted
 
 
Weighted
 
 
Weighted
 
 
Average
Number
Average
Aggregate
Number
Average
Aggregate
Number
Average
Aggregate
 
Exercise
of
Contractual
Intrinsic
of
Contractual
Intrinsic
of
Contractual
Intrinsic
 
Price
shares
Term
Value
shares
Term
Value
shares
Term
Value
Outstanding as of June 30, 2016
$
17.26

1,824,855

6.75
$
8,841,470

796,518

6.46
$
4,323,349

1,785,700

5.07
$
15,130,345

Granted
$
24.42

515,671









Exercised
$
13.56

(448,477
)

6,707,436

(135,766
)

1,884,507

(344,101
)

6,291,098

Forfeited
$
16.46

(64,400
)


(37,030
)


(1,101,531
)


Expired / Canceled
$
18.78

(6,033
)








Outstanding as of June 30, 2017
$
20.15

1,821,616

7.13
23,380,986

623,722

5.72
10,587,364

340,068

3.21
7,661,773

Vest and expected to vest as of June 30, 2017
$
20.37

1,821,616

7.13
23,380,986

268,584

5.40
4,709,332

340,068

3.21
7,661,773

Vested and exercisable as of June 30, 2017
$
16.84

723,637

5.60
$
11,895,684

268,584

5.40
$
4,709,332

340,068

3.21
$
7,661,773

Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]
The following table summarizes activity in unvested time-based restricted stock units for the year ended June 30, 2017:  
 
Time-Based Units
 
Weighted Average Grant-Date Fair Value
Unvested as of June 30, 2016
504,096

 
$
25.96

Granted
549,271

 
25.08

Vested
35,878

 
30.57

Forfeited
102,578

 
25.18

Unvested as of June 30, 2017
914,911

 
$
25.34

Schedule of Nonvested Performance-based Units Activity [Table Text Block]
The following table summarizes activity in unvested EPS performance share units for the year ended June 30, 2017:  
 
EPS Units
 
Weighted Average Grant-Date Fair Value
Unvested as of June 30, 2016
505,425

 
$
25.16

Granted
224,097

 
24.61

Vested

 

Forfeited
68,922

 
26.74

Unvested as of June 30, 2017
660,600

 
$
24.81


RTSR Performance Share Units
The fair value of the RTSR performance share units is determined using the Monte Carlo pricing model because the number of shares to be awarded is subject to a market condition. The Monte Carlo simulation is a generally accepted statistical technique used to simulate a range of possible future outcomes. Because the valuation model considers a range of possible outcomes, compensation cost is recognized regardless of whether the market condition is actually satisfied.
The assumptions used in estimating the fair value of the RTSR performance share units granted during each year were as follows:
 
Year Ended June 30,
 
2017
 
2016
Expected volatility
32 % - 35%
 
25%
Expected life (in years)
2.4 - 2.9
 
2.84
Risk-free interest rates
0.85% - 1.36%
 
0.94%
Dividend yield
None
 
None
The following table summarizes activity in unvested RTSR performance share units for the year ended June 30, 2017:  
 
RTSR Units
 
Weighted Average Grant-Date Fair Value
Unvested as of June 30, 2016
132,656

 
$
37.17

Granted
210,971

 
26.14

Vested

 

Forfeited
36,993

 
31.17

Unvested as of June 30, 2017
306,634

 
$
30.30