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Share-Based Compensation (Tables)
12 Months Ended
Jun. 30, 2014
Share-Based Compensation  
Summary of weighted-average assumptions of fair value of stock options

 

 

 

Years Ended June 30,

 

 

 

2014

 

2013

 

2012

 

Expected volatility

 

49

%

55

%

54

%

Dividend yield

 

1.3

%

1.5

%

1.3

%

Risk-free interest rate

 

1.4

%

0.7

%

1.4

%

Expected term (in years)

 

5.0

 

5.0

 

5.0

 

Summary of stock option activity

 

 

Number of
Awards

 

Weighted
Average
Exercise
Price

 

Weighted
Average
Remaining
Contractual
Term

 

Aggregate
Intrinsic
Value (In
Millions)

 

Outstanding at June 30, 2011

 

956,807

 

$

29.23

 

 

 

 

 

Granted

 

152,450

 

55.04

 

 

 

 

 

Exercised

 

(79,444

)

23.57

 

 

 

 

 

Cancelled

 

(7,207

)

27.11

 

 

 

 

 

Outstanding at June 30, 2012

 

1,022,606

 

33.54

 

 

 

 

 

Granted

 

198,904

 

48.60

 

 

 

 

 

Exercised

 

(115,600

)

19.82

 

 

 

 

 

Cancelled

 

(17,182

)

48.42

 

 

 

 

 

Outstanding at June 30, 2013

 

1,088,728

 

37.51

 

 

 

 

 

Granted

 

243,292

 

54.65

 

 

 

 

 

Exercised

 

(236,540

)

30.19

 

 

 

 

 

Cancelled

 

(31,585

)

49.83

 

 

 

 

 

Outstanding at June 30, 2014

 

1,063,895

 

$

42.69

 

6.5 Years

 

$

21.9

 

 

 

 

 

 

 

 

 

 

 

Exercisable at June 30, 2014

 

694,469

 

$

37.15

 

5.5 Years

 

$

18.1

 

Summary of outstanding and exercisable options by exercise price range

 

Exercise Price
Range

 

Number
Outstanding
at June 30,
2014

 

Weighted
Average
Remaining
Contractual
Term (in Years)

 

Weighted
Average
Exercise
Price

 

Number
Exercisable
at June 30,
2014

 

Weighted
Average
Exercise
Price

 

$5.00 - $20.00

 

73,412

 

5.1

 

$

17.29

 

73,412

 

$

17.29

 

$20.01 - $30.00

 

185,293

 

5.0

 

22.67

 

185,293

 

22.67

 

$30.01 - $40.00

 

139,350

 

6.1

 

34.66

 

139,350

 

34.66

 

$40.01 - $50.00

 

214,858

 

7.0

 

46.75

 

118,199

 

45.68

 

$50.01 - $63.54

 

450,982

 

7.2

 

55.60

 

178,215

 

56.70

 

 

 

1,063,895

 

 

 

$

42.69

 

694,469

 

$

37.15

 

Summary of nonvested stock awards activity

 

 

Number of
Awards

 

Weighted-
Average
Grant Date
Fair Value

 

Restricted Balance at June 30, 2011

 

480,741

 

$

28.17

 

Time-based granted

 

43,408

 

49.75

 

Performance-based granted

 

77,423

 

55.69

 

Vested

 

(171,140

)

28.00

 

Forfeited

 

(11,101

)

21.75

 

Restricted Balance at June 30, 2012

 

419,331

 

35.71

 

Time-based granted

 

22,838

 

50.15

 

Performance-based granted

 

41,816

 

47.85

 

Vested

 

(254,967

)

31.39

 

Forfeited

 

(13,603

)

51.85

 

Restricted Balance at June 30, 2013

 

215,415

 

43.75

 

Time-based granted

 

14,086

 

52.58

 

Performance-based granted

 

20,794

 

48.85

 

Vested

 

(120,117

)

43.96

 

Forfeited

 

(16,615

)

48.02

 

Restricted Balance at June 30, 2014

 

113,563

 

$

44.99

 

Summary Of Director stock units activity

 

 

 

Number of
Units

 

Weighted-
Average
Grant Date
Fair Value

 

Outstanding at June 30, 2011

 

195,701

 

$

25.81

 

Granted

 

22,660

 

47.89

 

Dividend equivalents

 

3,049

 

 

Outstanding at June 30, 2012

 

221,410

 

27.10

 

Granted

 

21,710

 

53.53

 

Dividend equivalents

 

3,399

 

 

Outstanding at June 30, 2013

 

246,519

 

 

30.06

 

Granted

 

19,770

 

59.47

 

Dividend equivalents

 

3,026

 

 

Outstanding at June 30, 2014

 

269,315

 

$

32.25