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Stock-Based Compensation (Tables)
3 Months Ended
Sep. 30, 2016
Schedule of Employee Service Share-based Compensation Allocation of Recognized Period Costs

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

    

2016

    

2015

 

 

(in millions)

Included in:

 

 

 

 

 

 

Operating costs

 

$

3.3

 

$

6.7

Selling, general and administrative expenses

 

 

28.7

 

 

39.4

Total stock-based compensation expense

 

$

32.0

 

$

46.1

 

 

 

 

 

 

 

CII common units

 

$

4.2

 

$

19.5

Part A restricted stock units

 

 

21.3

 

 

10.0

Part B restricted stock units

 

 

6.2

 

 

16.4

Part C restricted stock units

 

 

0.3

 

 

0.2

Total stock-based compensation expense

 

$

32.0

 

$

46.1

 

Summary Of Part B RSU Issuance

The table below reflects the total Part B RSUs granted during Fiscal 2017 and 2016, the maximum eligible shares of the Company’s stock that the respective Part B RSU grant could be converted into shares of the Company’s common stock, and the grant date fair value per Part B RSU:

 

 

 

 

 

 

During the three months ended

 

    

September 30,
2016

Part B RSUs granted

 

 

200,425

Maximum eligible shares of the Company's common stock

 

 

1,030,185

Grant date fair value per Part B RSU

 

$

47.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

During the three months ended

 

    

June 30,
2016

    

March 31,
2016

    

December 31,
2015

    

September 30,
2015

Part B RSUs granted

 

 

312,516

 

 

284,773

 

 

282,074

 

 

272,813

Maximum eligible shares of the Company's common stock

 

 

1,606,332

 

 

1,463,733

 

 

1,449,860

 

 

1,426,812

Grant date fair value per Part B RSU

 

$

37.03

 

$

25.12

 

$

25.26

 

$

17.83

Units converted to Company's common stock at vesting date

 

 

n/a

 

 

n/a

 

 

n/a

 

 

40,182

 

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 three months ended September 30, 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, 2016

 

 

2,169,901

 

$

26.04

 

 

7.9

Granted

 

 

788,471

 

 

29.01

 

 

 

Vested

 

 

(419,217)

 

 

28.62

 

 

 

Forfeited

 

 

(126,280)

 

 

n/a

 

 

 

Outstanding at September 30, 2016

 

 

2,412,875

 

$

26.56

 

 

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 three months ended September 30, 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, 2016

 

 

860,936

 

$

29.50

 

 

6.2

Granted

 

 

200,425

 

 

47.00

 

 

 

Vested

 

 

(202,696)

 

 

25.26

 

 

 

Forfeited

 

 

(200,920)

 

 

n/a

 

 

 

Outstanding at September 30, 2016

 

 

657,745

 

$

36.12

 

 

5.9