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Share-Based Compensation (Tables)
3 Months Ended
Sep. 30, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity

A summary of option activity under the Plans as of September 30, 2016 and changes during the three months ended September 30, 2016 is presented below:

 

 

 

Shares

 

 

Weighted

Average

Exercise

Price Per

Share

 

 

Weighted

Average

Remaining

Contractual

Term (Years)

 

 

Aggregate

Intrinsic

Value

 

Outstanding at June 30, 2016

 

 

667,579

 

 

$

73.30

 

 

 

4.57

 

 

$

8,044

 

Granted

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

Exercised

 

 

(36,346

)

 

 

52.07

 

 

 

 

 

 

 

 

 

Forfeited or expired

 

 

(8,217

)

 

 

99.40

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2016

 

 

623,016

 

 

$

74.19

 

 

 

4.26

 

 

$

12,677

 

Exercisable at September 30, 2016

 

 

618,047

 

 

$

74.05

 

 

 

4.24

 

 

$

12,653

 

 

Schedule of Non-vested Restricted Stock Unit Activity

A summary of equity classified restricted stock unit activity as of September 30, 2016 and changes during the three months ended September 30, 2016 is presented below:

 

 

 

Restricted Stock

Units

 

Nonvested at June 30, 2016

 

 

1,494,947

 

Granted

 

 

911,956

 

Vested

 

 

(436,350

)

Forfeited

 

 

(93,347

)

Nonvested at September 30, 2016

 

 

1,877,206

 

 

Summary of Cash-Settled Stock Appreciation Rights

A summary of cash-settled stock appreciation rights as of September 30, 2016 and changes during the three months ended September 30, 2016 is presented below:

 

 

 

Stock

Appreciation

Rights

 

Non-vested at June 30, 2016

 

 

4,342

 

Granted

 

 

1,853

 

Vested

 

 

(2,707

)

Forfeited

 

 

0

 

Non-vested at September 30, 2016

 

 

3,488

 

Exercisable

 

 

8,084

 

 

Schedule of Fair Value of Each Option Award Estimated on Date of Grant Using Black-Scholes Option Valuation Model

The fair value of each option award is estimated on the date of grant using the Black-Scholes option valuation model, which uses the assumptions noted below.

 

 

 

Three Months

Ended

September 30,

2016

 

 

Three Months

Ended

September 30,

2015

 

Expected volatility

 

36.8 - 38.8%

 

 

35.4 - 39.0%

 

Weighted-average volatility

 

 

38.1%

 

 

 

37.5%

 

Expected annual dividend

 

$

1.40

 

 

$

1.40

 

Expected term (in years)

 

3.44 - 5.44

 

 

2.56 - 4.56

 

Risk-free rate

 

0.9 - 1.3%

 

 

1.1 - 1.6%