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Stock-Based Compensation (Tables)
9 Months Ended
Mar. 31, 2017
Schedule of Employee Service Share-based Compensation Allocation of Recognized Period Costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

Nine Months Ended March 31,

 

 

2017

    

2016

    

2017

    

2016

 

 

(in millions)

Included in:

 

 

 

 

 

 

 

 

 

 

 

 

Operating costs

 

$

2.1

 

$

3.7

 

$

8.7

 

$

15.5

Selling, general and administrative expenses

 

 

24.4

 

 

29.8

 

 

84.3

 

 

107.0

Total stock-based compensation expense

 

$

26.5

 

$

33.5

 

$

93.0

 

$

122.5

 

 

 

 

 

 

 

 

 

 

 

 

 

CII common units

 

$

 —

 

$

13.6

 

$

10.1

 

$

59.5

Part A restricted stock units

 

 

17.5

 

 

12.7

 

 

57.6

 

 

32.9

Part B restricted stock units

 

 

8.6

 

 

6.9

 

 

24.3

 

 

29.3

Part C restricted stock units

 

 

0.4

 

 

0.3

 

 

1.0

 

 

0.8

Total stock-based compensation expense

 

$

26.5

 

$

33.5

 

$

93.0

 

$

122.5

 

Summary Of Part B RSU Issuance

 

 

 

 

 

 

 

 

 

 

 

 

During the three months ended

 

 

March 31,
2017

    

December 31,
2016

 

September 30,
2016

Part B RSUs granted

 

 

171,316

 

 

191,015

 

 

200,425

Maximum eligible shares of the Company's common stock

 

 

880,564

 

 

981,817

 

 

1,030,185

Grant date fair value per Part B RSU

 

$

27.39

 

$

75.56

 

$

47.00

Units converted to Company's common stock at vesting date

 

 

n/a

 

 

n/a

 

 

n/a

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

1,078,812

 

 

475,446

 

 

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 nine months ended March 31, 2017:

 

 

 

 

 

 

 

 

 

 

 

 

    

 

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

 

 

1,988,570

 

 

31.56

 

 

 

Vested

 

 

(1,475,020)

 

 

25.29

 

 

 

Forfeited

 

 

(290,860)

 

 

n/a

 

 

 

Outstanding at March 31, 2017

 

 

2,392,591

 

$

30.67

 

 

7.2

 

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, 2017:

 

 

 

 

 

 

 

 

 

 

 

 

    

 

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

 

 

562,756

 

 

50.72

 

 

 

Vested

 

 

(652,532)

 

 

29.46

 

 

 

Forfeited

 

 

(211,398)

 

 

n/a

 

 

 

Outstanding at March 31, 2017

 

 

559,762

 

$

50.72

 

 

5.8