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Share-Based Compensation (Tables)
 12 Months Ended
Jun. 30, 2020
Share-based Payment Arrangement [Abstract]  
Share-Based Compensation Expense by Award Type
Share-based compensation expense for the fiscal years ended June 30, 2020, 2019 and 2018 is as follows $000:
Year Ended June 30,202020192018
Stock Options and Cash-Based Stock
   Appreciation Rights		$11,893 $6,801 $6,605 
Restricted Share Awards, Restricted Share
   Units, and Cash-Based Restricted Share Units		49,957 9,242 7,850 
Performance Share Awards and Cash
   Based Performance Share Unit Awards		11,977 8,920 5,221 
$73,827 $24,963 $19,676 
Schedule of Fair Value Assumptions under Stock Option Plan
The Company utilized the Black-Scholes valuation model for estimating the fair value of stock option expense. During the fiscal years ended June 30, 2020, 2019 and 2018, the weighted-average fair value of options granted under the stock option plan was $14.79, $20.66 and $14.23, respectively, per option using the following assumptions:
Year Ended June 30,202020192018
Risk-free interest rate1.50 %2.80 %2.00 %
Expected volatility39 %37 %37 %
Expected life of options6.91 years6.96 years6.43 years
Dividend yieldNoneNoneNone
Stock Option and Cash-Based Stock Appreciation Rights Activity
Stock option and cash-based stock appreciation rights activity during the fiscal year ended June 30, 2020 was as follows:
Stock OptionsCash-Based Stock Appreciation Rights
Number of
Shares		Weighted Average
Exercise Price		Number of
Rights		Weighted Average
Exercise Price
Outstanding - July 1, 20193,761,283 $23.74 227,496 $28.09 
Granted774,116 $34.75 76,651 $34.95 
Exercised(774,382)$17.39 (65,488)$21.25 
Forfeited and Expired(39,216)$32.99 (8,285)$33.76 
Outstanding - June 30, 20203,721,801 $26.99 230,374 $32.13 
Exercisable - June 30, 20202,192,315 $21.53 79,459 $31.75 
Share-Based Compensation Outstanding and Exercisable Options
Outstanding and exercisable stock options at June 30, 2020 were as follows:
Stock Options and Cash-Based Stock
Appreciation Rights Outstanding		Stock Options and Cash-Based Stock
Appreciation Rights Exercisable
Number ofWeighted
Average Remaining		Weighted
Average		Number ofWeighted
Average Remaining		Weighted
Average
Range ofShares orContractual TermExerciseShares orContractual TermExercise
Exercise PricesRights(Years)PriceRights(Years)Price
$13.34 - $17.69
618,493 3.21$15.25 611,301 3.19$15.21 
$17.70 - $19.15
763,173 4.18$18.62 635,346 3.88$18.43 
$19.16 - $26.46
842,141 5.21$21.38 658,659 4.91$20.86 
$26.47 - $36.32
799,316 8.09$33.77 226,693 6.88$34.56 
$36.33 - $49.90
929,052 8.62$42.20 139,775 7.86$47.18 
3,952,175 6.08$27.29 2,271,774 4.54$21.65 
Restricted Share, Restricted Share Unit and Cash-Based Restricted Share Unit Activity Restricted share, restricted share unit, and cash-based restricted share unit activity during the fiscal year ended June 30, 2020, was as follows:
Restricted Share AwardsRestricted Share UnitsCash-Based Restricted Share Units
Number of
Shares		Weighted Average
Grant Date 
Fair Value		Number of
Shares		Weighted Average
Grant Date Fair Value		Number of
Units		Weighted Average
Grant Date Fair Value
Nonvested - June 30, 2019183,429 $30.30 175,737 $47.13 77,642 $37.19 
Assumed in Finisar Acquisition— $— 3,652,191 $36.98 — $— 
Granted— $— 250,736 $36.35 49,444 $34.84 
Vested(130,382)$28.03 (1,475,663)$37.49 (43,699)$32.31 
Forfeited(2,520)$35.34 (360,589)$36.97 (1,384)$40.99 
Nonvested - June 30, 202050,527 $35.92 2,242,412 $39.46 82,003 $38.31 
Performance Share and Cash-Based Performance Share Unit Award Activity Performance share and cash-based performance share unit award activity relating to the Plan during the year ended June 30, 2020, was as follows:
 Performance Share AwardsCash-Based Performance Share Units
Number of
Shares		Weighted Average
Grant Date Fair Value		Number of
Units		Weighted Average
Grant Date Fair Value
Nonvested - June 30, 2019413,651 $36.80 24,224 $37.47 
Granted414,464 $30.29 30,199 $31.79 
Vested(414,582)$26.21 (17,200)$21.67 
Forfeited(4,287)$35.07 (2,035)$29.50 
Nonvested - June 30, 2020409,246 $40.96 35,188 $38.54