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Stock-Based Compensation (Tables)
 9 Months Ended
Mar. 31, 2016
Schedule of Employee Service Share-based Compensation Allocation of Recognized Period Costs

The following table summarizes the Company’s stock-based compensation expense for liability and equity classified awards included on the condensed consolidated statements of operations.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended  March 31, 

 

Nine months ended March 31, 

 

 

    

2016

    

2015

    

2016

    

2015

 

Included in:

 

(in millions)

 

Operating costs

 

$
3.7

 

$
4.1

 

$
15.5

 

$
19.4

 

Selling, general and administrative expenses

 

 
29.8

 

 
36.6

 

 
107.0

 

 
138.4

 

Total stock-based compensation expense

 

$
33.5

 

$
40.7

 

$
122.5

 

$
157.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CII common and preferred units

 

$
13.6

 

$
23.7

 

$
59.5

 

$
133.5

 

Part A restricted stock units

 

 
12.7

 

 
3.5

 

 
32.9

 

 
6.1

 

Part B restricted stock units

 

 
6.9

 

 
13.5

 

 
29.3

 

 
18.2

 

Part C restricted stock units

 

 
0.3

 

 

 —

 

 
0.8

 

 

 —

 

Total stock-based compensation expense

 

$
33.5

 

$
40.7

 

$
122.5

 

$
157.8

 

 

Summary Of Part B RSU Issuance

The table below reflects the total Part B RSUs granted during Fiscal 2016 and 2015, the maximum eligible shares of the Company’s stock that the respective Part B RSU grant could be converted into, and the grant date fair value per Part B RSU:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

During the Three months ended 

 

 

March 31,
2016

    

December 31,
2015

    

September 30,
2015

Part B RSUs granted

 

 
284,773

 

 
282,074

 

 
272,813

Maximum eligible shares of the Company's stock

 

 
1,463,733

 

 
1,449,860

 

 
1,426,812

Grant date fair value per Part B RSU

 

$
25.12

 

$
18.08

 

$
17.83

Shares converted to the Company's stock

 

 

n/a

 

 

n/a

 

 

n/a

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

During the Three months ended 

 

 

June 30,
2015

    

March 31,
2015

 

December 31,

2014

 

 

 

 

 

 

 

 

 

 

Part B RSUs granted

 

 
316,353

 

 
359,658

 

 
575,660

Maximum eligible shares of the Company's stock

 

 
1,490,023

 

 
1,388,280

 

 
2,220,293

Grant date fair value per Part B RSU

 

$
27.10

 

$
24.36

 

$
63.12

Shares converted to the Company's stock

 

 

n/a

 

 

 —

 

 
2,220,293

 

Part A Restricted Stock Units [Member]  
Summary Of Restricted Stock Units Activity

The following table summarizes the Company’s Part A RSU activity for the nine months ended March 31, 2016:

 

 

 

 

 

 

 

 

 

 

 

    

Number of Part A
RSUs

    

Weighted average
grant-date fair value
per share

    

Weighted average
remaining contractual
term in months

 

Outstanding at July 1, 2015

 
933,217

 

$
26.25

 
7.1

 

Granted

 
1,636,462

 

$
25.36

 

 

 

Vested

 
(444,249)

 

$
26.25

 

 

 

Forfeited

 
(72,473)

 

$

n/a

 

 

 

Outstanding at March 31, 2016

 
2,052,957

 

$
25.50

 
8.0

 

 

Part B Restricted Stock Units [Member]  
Summary Of Restricted Stock Units Activity

The following table summarizes the Company’s Part B RSU activity for the nine months ended March 31, 2016:

 

 

 

 

 

 

 

 

 

 

 

 

Number of Part B
RSUs

 

Weighted average
grant-date fair value
per unit

 

Weighted average
remaining contractual
term in months

 

Outstanding at July 1, 2015

 
1,249,873

 

$
42.91

 
5.5

 

Granted

 
806,309

 

$
22.86

 

 

 

Vested

 
(1,210,176)

 

$
43.47

 

 

 

Forfeited

 
(39,697)

 

$

n/a

 

 

 

Outstanding at March 31, 2016

 
806,309

 

$
22.86

 
6.1