XML 62 R14.htm IDEA: XBRL DOCUMENT v3.20.1
Stock-Based Compensation
 9 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [Abstract]  
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION
Stock Options
Changes in our stock options for the nine months ended March 31, 2020 were as follows:
 
Options
 
Weighted
Average
Exercise Price
 
Weighted Average Remaining Life (years)
 
Aggregate
Intrinsic value
(in thousands)
Options outstanding, June 30, 2019
781,673

 
$
33.92

 
 
 
 
Exercised
(34,525
)
 
26.62

 
 
 
 
Lapsed or forfeited
(42,544
)
 
43.30

 
 
 
 
Options outstanding, March 31, 2020
704,604

 
$
33.71

 
2.8
 
$
—

Options vested, March 31, 2020
704,604

 
$
33.71

 
2.8
 
$
—

Options exercisable, March 31, 2020
704,604

 
$
33.71

 
2.8
 
$
—


As of March 31, 2020, there was no unrecognized compensation cost related to options outstanding.
All options were fully vested as of March 31, 2020. Fair value of options vested during the nine months ended March 31, 2019 was $1.2 million.
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, 2020 and 2019. Tax benefits resulting from stock-based compensation deductions were greater than the amounts reported for financial reporting purposes by $0.2 million and $1.3 million for the nine months ended March 31, 2020 and 2019, respectively.
The amount of cash received from the exercise of options during the nine months ended March 31, 2020 and 2019 was $0.7 million and $4.2 million, respectively. The total intrinsic value of options exercised during the nine months ended March 31, 2020 and 2019 was $0.3 million and $1.9 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, 2020 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, 2019
405,230

 
$
35.58

 
926,927

 
$
36.43

Granted
275,216

 
28.74

 
633,902

 
27.95

Vested
(146,377
)
 
27.09

 
(459,783
)
 
33.93

Performance metric adjustments, net
32,707

 
32.79

 
—

 
—

Forfeited
(12,143
)
 
35.51

 
(43,776
)
 
32.40

Unvested, March 31, 2020
554,633

 
$
34.26

 
1,057,270

 
$
32.60

During the nine months ended March 31, 2020 and 2019, compensation expense related to time vesting and performance vesting restricted stock units was $13.7 million and $18.0 million, respectively. As of March 31, 2020, the total unrecognized compensation cost related to unvested time vesting and performance vesting restricted stock units was $22.2 million and is expected to be recognized over a weighted average period of 2.0 years.