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Common Stock and Share-based Compensation Plans (Tables)
12 Months Ended
Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Restricted Stock Activity
The Company's restricted stock activity during the year ended June 30, 2017, was as follows:

Restricted Stock
Shares

 
 
Weighted Average
Grant Date
Fair Value
 
Aggregate
Intrinsic
Value
(Shares and Aggregate Intrinsic Value in thousands)
 
 
 
 
 
 
 
 
 
 
Nonvested at June 30, 2016
179

 
 
 
$
45.93

 
 
 
 
 
Granted
7

 
 
 
47.65

 
 
 
 
 
Vested
(148
)
 
 
 
47.08

 
 
 
 
 
Forfeited

 
 
 
45.78

 
 
 
 
 
Nonvested at June 30, 2017
38

 
 
 
41.85

 
 
 
$
2,282

 
Schedule of Share-based Compensation, Restricted Stock Units Activity
The Company's restricted stock unit activity during the year ended June 30, 2017, was as follows:

Restricted Stock Units
Shares

 
 
Weighted Average
Grant Date
Fair Value
 
Aggregate
Intrinsic
Value
(Shares and Aggregate Intrinsic Value in thousands)
 
 
 
 
 
 
 
 
 
 
Nonvested at June 30, 2016
319

 
 
 
$
45.28

 
 
 
 
 
Granted
153

 
 
 
52.97

 
 
 
 
 
Vested
(3
)
 
 
 
47.70

 
 
 
 
 
Forfeited
(38
)
 
 
 
47.47

 
 
 
 
 
Nonvested at June 30, 2017
431

 
 
 
47.80

 
 
 
$
25,628

 
Schedule of Share-based Compensation, Stock Equivalent Units Activity
The following table summarizes the activity for stock equivalent units during the year ended June 30, 2017:

Stock Equivalent Units
Units
 
Weighted Average
Issue Date
Fair Value
 
Aggregate Intrinsic Value
(Units and Aggregate Intrinsic Value in thousands)
 
 
 
 
 
 
 
 
 
Balance at June 30, 2016
296

 
 
$
36.77

 
 
 
 
 
Additions
19

 
 
53.58

 
 
 
 
 
Converted to common stock
(19
)
 
 
37.51

 
 
 
 
 
Balance at June 30, 2017
296

 
 
37.81

 
 
 
$
6,406

 
Schedule of Share-based Compensation, Stock Options, Activity
A summary of stock option activity and weighted average exercise prices follows:

Stock Options
Options
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term
 
Aggregate
Intrinsic
Value
(Options and Aggregate Intrinsic Value in thousands)
 
 
 
 
 
 
 
 
 
 
Outstanding July 1, 2016
2,414

 
 
$
42.12

 
 
 
 
 
 
Granted
467

 
 
52.43

 
 
 
 
 
 
Exercised
(906
)
 
 
41.76

 
 
 
 
 
 
Forfeited
(138
)
 
 
49.82

 
 
 
 
 
 
Outstanding June 30, 2017
1,837

 
 
44.34

 
 
6.8
 
$
27,773

 
Exercisable June 30, 2017
694

 
 
38.19

 
 
4.3
 
14,788

 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The following summarizes the assumptions used in determining the fair value of options granted:

Years ended June 30,
2017

 
2016

 
2015

Risk-free interest rate
1.3-2.1%

 
1.8-2.0%

 
1.4-2.0%

Expected dividend yield
4.00
%
 
4.00
%
 
4.00
%
Expected option life
7 yrs

 
7 yrs

 
7 yrs

Expected stock price volatility
29
%
 
36
%
 
37
%
Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity
Information about the shares issued under this plan is as follows:

Years ended June 30,
2016

 
2015

Shares issued (in thousands)
45

 
72

Average fair value
$
6.77

 
$
7.52

Average purchase price
35.94

 
39.95

Average market price
42.91

 
50.83