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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Mar. 31, 2018
Schedule of Employee Service Share-based Compensation Allocation of Recognized Period Costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended March 31,

 

 

Nine months ended March 31,

 

 

2018

    

2017

 

 

2018

    

2017

 

 

(in millions)

Included in:

 

 

 

 

 

 

 

 

 

 

 

 

Operating costs

 

$

2.1

 

$

2.1

 

$

7.6

 

$

8.7

Selling, general and administrative expenses

 

 

17.1

 

 

24.4

 

 

62.9

 

 

84.3

Total stock-based compensation expense

 

$

19.2

 

$

26.5

 

$

70.5

 

$

93.0

 

 

 

 

 

 

 

 

 

 

 

 

 

CII common units

 

$

 —

 

$

 —

 

$

 —

 

$

10.1

Part A restricted stock units

 

 

16.8

 

 

17.5

 

 

58.4

 

 

57.6

Part B restricted stock units

 

 

1.9

 

 

8.6

 

 

10.6

 

 

24.3

Part C restricted stock units

 

 

0.5

 

 

0.4

 

 

1.5

 

 

1.0

Total stock-based compensation expense

 

$

19.2

 

$

26.5

 

$

70.5

 

$

93.0

 

Summary Of Part B RSU Issuance

 

 

 

 

 

 

 

 

 

 

 

 

During the three months ended

 

 

March 31,
2018

 

December 31,
2017

    

September 30,
2017

Part B RSUs granted

 

 

77,218

 

 

82,556

 

 

163,960

Maximum eligible shares of the Company's common stock

 

 

532,804

 

 

569,636

 

 

590,256

Grant date fair value per Part B RSU

 

$

39.53

 

$

45.10

 

$

19.06

Units converted to Company's common stock at vesting date

 

 

n/a

 

 

n/a

 

 

n/a

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 —

 

 

41,368

 

 

102,511

 

 

99,508

 

Part A restricted stock units  
Summary Of Restricted Stock Units Activity

The following table summarizes the Company’s Part A RSU activity for the nine months ended March 31, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

    

 

Number of Part A
RSUs

    

Weighted average
grant-date fair
value per share

    

 

Weighted average
remaining contractual
term in months

Outstanding at July 1, 2017

 

 

2,364,386

 

$

31.63

 

 

7.1

Granted

 

 

1,782,991

 

 

35.27

 

 

 

Vested

 

 

(2,004,694)

 

 

31.37

 

 

 

Forfeited

 

 

(225,422)

 

 

n/a

 

 

 

Outstanding at March 31, 2018

 

 

1,917,261

 

$

34.47

 

 

6.6

 

Part B restricted stock units  
Summary Of Restricted Stock Units Activity

 

The following table summarizes the Company’s Part B RSU activity for the nine months ended March 31, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

    

 

Number of Part B
RSUs

    

Weighted average
grant-date fair
value per unit

    

 

Weighted average
remaining contractual
term in months

Outstanding at July 1, 2017

 

 

411,973

 

$

42.86

 

 

6.1

Granted

 

 

323,734

 

 

30.58

 

 

 

Vested

 

 

(374,515)

 

 

44.03

 

 

 

Forfeited

 

 

(73,953)

 

 

n/a

 

 

 

Outstanding at March 31, 2018

 

 

287,239

 

$

31.93

 

 

7.1