STOCK-BASED COMPENSATION

Stock Options

Changes in our stock options for the nine months ended March 31, 2019 were as follows:



	Options		Weighted Average Exercise Price		Weighted Average Remaining Life (years)	Aggregate Intrinsic value (in thousands)
Options outstanding, June 30, 2018	989,992		$	33.08
Exercised	(145,568	)	29.18
Lapsed or forfeited	(7,000	)	45.24
Options outstanding, March 31, 2019	837,424		$	33.66	3.6	$	4,508
Options vested and expected to vest, March 31, 2019	837,424		$	33.66	3.6	$	4,508
Options exercisable, March 31, 2019	837,424		$	33.66	3.6	$	4,508

Fair value of options vested during the nine months ended March 31, 2019 and 2018 was $1.2 million and $1.9 million, respectively.

Tax benefits relating to excess stock-based compensation deductions are presented in the operating activities section of the condensed consolidated statements of cash flow for the nine months ended March 31, 2019 and 2018. Tax benefits resulting from stock-based compensation deductions were greater than the amounts reported for financial reporting purposes by $1.3 million and $0.1 million for the nine months ended March 31, 2019 and 2018, respectively.

The amount of cash received from the exercise of capital stock options during the nine months ended March 31, 2019 and 2018 was $4.2 million and $21.7 million, respectively. The related tax benefit was $0.4 million and $1.4 million for the nine months ended March 31, 2019 and 2018, respectively. The total intrinsic value of options exercised during the nine months ended March 31, 2019 and 2018 was $1.9 million and $6.4 million, respectively.

Restricted Stock Units – Performance Vesting and Time Vesting

Changes in our performance vesting and time vesting restricted stock units for the nine months ended March 31, 2019 were as follows:



	Performance Vesting Stock Units		Performance Vesting Weighted Average Fair Value		Time Vesting Stock Units		Time Vesting Weighted Average Fair Value
Unvested, June 30, 2018	409,297		$	31.22	1,083,675		$	30.47
Granted	161,066		40.10		542,444		38.91
Vested	(141,394	)	27.77		(635,556	)	28.67
Performance metric adjustments, net	41,196		29.69		—		—
Forfeited	(59,329	)	32.58		(41,653	)	34.12
Unvested, March 31, 2019	410,836		$	35.54	948,910		$	36.38

During the nine months ended March 31, 2019 and 2018, compensation expense related to time vesting and performance vesting restricted stock units was $18.0 million and $15.0 million, respectively. As of March 31, 2019, the total unrecognized compensation cost related to unvested time vesting and performance vesting restricted stock units was $22.6 million and is expected to be recognized over a weighted average period of 2.1 years.