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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Jun. 30, 2015
STOCK-BASED COMPENSATION  
Schedule of stock-based compensation expenses

 

                                                                                                                                                                                    

 

 

For the Fiscal Years
Ended June 30,

 

 

 

2015

 

2014

 

2013

 

 

 

(Amounts in thousands)

 

Stock options

 

$

417

 

$

468

 

$

456

 

Stock appreciation rights

 

 

1,422

 

 

1,305

 

 

1,107

 

Restricted stock

 

 

2,511

 

 

3,110

 

 

3,240

 

Performance stock

 

 

791

 

 

(2,303

)

 

898

 

​  

​  

​  

​  

​  

​  

Total stock-based compensation expense

 

$

5,141

 

$

2,580

 

$

5,701

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of valuation assumptions of stock options and stock appreciation rights

 

                                                                                                                                                                                    

 

 

Stock Options

 

SSARs

 

 

 

2015

 

2014

 

2013

 

2015

 

2014

 

2013

 

Weighted-average expected volatility

 

 

37.3 

%

 

43.6 

%

 

43.1 

%

 

36.6 

%

 

41.3 

%

 

43.7 

%

Weighted-average expected life in years

 

 

5.5 

 

 

5.5 

 

 

5.5 

 

 

5.3 

 

 

4.8 

 

 

6.4 

 

Weighted-average dividend yield

 

 

1.00 

%

 

1.00 

%

 

0.86 

%

 

1.00 

%

 

1.00 

%

 

0.90 

%

Weighted-average risk free interest rate

 

 

1.7 

%

 

1.7 

%

 

0.8 

%

 

1.7 

%

 

1.5 

%

 

1.0 

%

 

Summary of stock options activity

 

 

                                                                                                                                                                                    

 

 

Number of
Shares

 

Weighted-
Average
Exercise
Price

 

Weighted-
Average
Remaining
Contractual
Life (Years)

 

Aggregate
Intrinsic Value
(in thousands)

 

Outstanding at July 1, 2014

 

 

101,393

 

$

52.37

 

 

 

 

 

 

 

Granted

 

 

21,703

 

$

74.85

 

 

 

 

 

 

 

Exercised

 

 

(20,488

)

$

37.82

 

 

 

 

 

 

 

Forfeited

 

 

(6,453

)

$

71.12

 

 

 

 

 

 

 

​  

​  

​  

​  

Outstanding at June 30, 2015

 

 

96,155

 

$

59.28

 

 

6.5

 

$

734

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Exercisable at June 30, 2015

 

 

59,762

 

$

53.36

 

 

5.3

 

$

692

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Summary of SSARs activity

 

 

                                                                                                                                                                                    

 

 

Number of
Shares

 

Weighted-
Average
Exercise
Price

 

Weighted-
Average
Remaining
Contractual
Life (Years)

 

Aggregate
Intrinsic Value
(in thousands)

 

Outstanding at July 1, 2014

 

 

229,056

 

$

59.67

 

 

 

 

 

 

 

Granted

 

 

88,872

 

$

75.61

 

 

 

 

 

 

 

Exercised

 

 

(16,612

)

$

57.61

 

 

 

 

 

 

 

Forfeited

 

 

(24,198

)

$

71.06

 

 

 

 

 

 

 

​  

​  

​  

​  

Outstanding at June 30, 2015

 

 

277,118

 

$

63.91

 

 

7.2

 

$

1,077

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Exercisable at June 30, 2015

 

 

141,280

 

$

57.32

 

 

5.9

 

$

1,073

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Summary of the status of non-vested performance shares

 

 

                                                                                                                                                                                    

 

 

Number of
Shares

 

Weighted-
Average
Grant Date
Fair Value

 

Non-vested at July 1, 2014

 

 

179,550

 

$

64.28

 

Granted

 

 

49,725

 

$

75.15

 

Vested

 

 

 

$

 

Forfeited

 

 

(28,950

)

$

67.44

 

​  

​  

​  

​  

Non-vested at June 30, 2015

 

 

200,325

 

$

66.52

 

​  

​  

​  

​  

​  

​  

​  

​  

 

Summary of the status of non-vested restricted stock

 

 

                                                                                                                                                                                    

 

 

Number of
Shares

 

Weighted-
Average
Grant Date
Fair Value

 

Non-vested at July 1, 2014

 

 

177,094

 

$

58.06

 

Granted

 

 

58,514

 

$

75.39

 

Vested

 

 

(51,701

)

$

48.76

 

Forfeited

 

 

(29,100

)

$

65.93

 

​  

​  

​  

​  

Non-vested at June 30, 2015

 

 

154,807

 

$

66.23

 

​  

​  

​  

​  

​  

​  

​  

​