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Stock-Based Compensation (Tables)
12 Months Ended
Jun. 30, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Assumptions used in our Black-Scholes valuation
The assumptions used in our Black-Scholes valuation related to grants made during 2013, 2012 and 2011 were as follows:
 
2013

 
2012

 
2011

Risk-free interest rate
0.6
%
 
1.1
%
 
1.4
%
Expected life (years) (2)
4.5

 
4.5

 
4.5

Expected volatility (3)
49.5
%
 
47.6
%
 
47.0
%
Expected dividend yield
1.5
%
 
1.5
%
 
2.0
%
(2) Expected life is derived from historical experience.
(3) Expected volatility is based on the implied historical volatility of our stock.
Changes in stock options
Changes in our stock options for 2013 were as follows:
 
Options

 
Weighted
Average
Exercise Price

 
Weighted
Average
Remaining
Life (years)
 
Aggregate
Intrinsic value
(in thousands)

Options outstanding, June 30, 2012
2,891,563

 
$
28.46

 
 
 
 
Granted
388,894

 
36.83

 
 
 
 
Exercised
(511,073
)
 
24.28

 
 
 
 
Lapsed and forfeited
(40,316
)
 
31.35

 
 
 
 
Options outstanding, June 30, 2013
2,729,068

 
$
30.40

 
5.6
 
$
23,110

Options vested and expected to vest, June 30, 2013
2,699,095

 
$
30.34

 
5.5
 
$
23,017

Options exercisable, June 30, 2013
1,767,002

 
$
29.08

 
4.3
 
$
17,294

Restricted Stock Awards
Changes in our restricted stock awards for 2013 were as follows:
 
Shares

 
Weighted
Average Fair
Value

Unvested restricted stock awards, June 30, 2012
24,030

 
$
28.83

Vested
(23,840
)
 
28.83

Forfeited
(190
)
 
29.60

Unvested restricted stock awards, June 30, 2013

 
$

Changes in time vesting and performance vesting restricted stock units
Changes in our time vesting and performance vesting restricted stock units for 2013 were as follows:
 
Performance
Vesting
Stock
Units

 
Performance
Vesting
Weighted
Average Fair
Value

 
Time Vesting
Stock Units

 
Time Vesting
Weighted
Average Fair
Value

Unvested performance vesting and time vesting restricted stock units, June 30, 2012
246,345

 
$
31.27

 
971,767

 
$
30.47

Granted
131,693

 
36.76

 
373,808

 
36.88

Vested

 

 
(477,444
)
 
28.14

Forfeited
(10,426
)
 
35.97

 
(52,921
)
 
34.22

Unvested performance vesting and time vesting restricted stock units, June 30, 2013
367,612

 
$
32.08

 
815,210

 
$
34.53