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Stock-Based Compensation (Tables)
 12 Months Ended
Jun. 30, 2017
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 in the consolidated statements of operations:

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

 

    

2017

    

2016

    

2015

 

 

(in millions)

Included in:

 

 

 

 

 

 

 

 

 

Operating costs

 

$

11.3

 

$

17.4

 

$

23.3

Selling, general and administrative expenses

 

 

102.8

 

 

138.5

 

 

177.4

Total stock-based compensation expense

 

$

114.1

 

$

155.9

 

$

200.7

 

 

 

 

 

 

 

 

 

 

CII common and preferred units

 

$

10.1

 

$

73.0

 

$

156.8

Part A restricted stock units

 

 

76.5

 

 

45.3

 

 

12.6

Part B restricted stock units

 

 

26.0

 

 

36.5

 

 

31.3

Part C restricted stock units

 

 

1.5

 

 

1.1

 

 

 —

Total stock-based compensation expense

 

$

114.1

 

$

155.9

 

$

200.7

 

Summary Of Part B RSU Issuance

The table below reflects the total Part B RSUs granted during each period presented, 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 period indicated. The table below also reflects the units converted to the Company’s common stock at a subsequent vesting date but for those RSUs granted during the period indicated:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

During the three months ended

 

    

June 30,
2017

    

March 31,
2017

    

December 31,
2016

    

September 30,
2016

Part B RSUs granted

 

 

152,808

 

 

171,316

 

 

191,015

 

 

200,425

Maximum eligible shares of the Company's common stock

 

 

550,109

 

 

880,564

 

 

981,817

 

 

1,030,185

Grant date fair value per Part B RSU

 

$

26.52

 

$
27.39

 

$
75.56

 

$
47.00

Units converted to Company's common stock at vesting date

 

 

n/a

 

 

n/a

 

 

n/a

 

 

99,508

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 years ended June 2017, 2016 and 2015:

 

 

 

 

 

 

 

 

 

 

 

    

 

Number of Part A
RSUs

    

Weighted average
grant-date fair
value per share

    

 

Weighted average
remaining contractual
term in months

Outstanding at July 1, 2014

 

 

 —

 

$

 —

 

 

 —

Granted

 

 

955,831

 

 

26.25

 

 

 

Vested

 

 

 —

 

 

 

 

 

 

Forfeited

 

 

(22,614)

 

 

n/a

 

 

 

Outstanding at July 1, 2015

 

 

933,217

 

$

26.25

 

 

7.1

Granted

 

 

2,190,785

 

 

26.04

 

 

 

Vested

 

 

(852,853)

 

 

26.14

 

 

 

Forfeited

 

 

(101,248)

 

 

n/a

 

 

 

Outstanding at July 1, 2016

 

 

2,169,901

 

$

26.04

 

 

7.9

Granted

 

 

2,678,503

 

 

31.64

 

 

 

Vested

 

 

(2,080,685)

 

 

26.03

 

 

 

Forfeited

 

 

(403,333)

 

 

n/a

 

 

 

Outstanding at June 30, 2017

 

 

2,364,386

 

$

31.63

 

 

7.1

 

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 years ended June 2017, 2016 and 2015:

 

 

 

 

 

 

 

 

 

 

 

    

 

Number of Part B
RSUs

    

Weighted average
grant-date fair
value per unit

    

 

Weighted average
remaining contractual
term in months

Outstanding at July 1, 2014

 

 

 —

 

$

 —

 

 

 —

Granted

 

 

1,251,671

 

 

42.90

 

 

 

Vested

 

 

 —

 

 

 

 

 

 

Forfeited

 

 

(1,798)

 

 

n/a

 

 

 

Outstanding at July 1, 2015

 

 

1,249,873

 

$

42.90

 

 

5.5

Granted

 

 

1,152,176

 

 

26.80

 

 

 

Vested

 

 

(1,463,893)

 

 

38.70

 

 

 

Forfeited

 

 

(77,220)

 

 

n/a

 

 

 

Outstanding at July 1, 2016

 

 

860,936

 

$

29.50

 

 

6.2

Granted

 

 

715,564

 

 

45.56

 

 

 

Vested

 

 

(793,478)

 

 

32.58

 

 

 

Forfeited

 

 

(371,049)

 

 

n/a

 

 

 

Outstanding at June 30, 2017

 

 

411,973

 

$

42.86

 

 

6.1