STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Jun. 30, 2019

STOCK-BASED COMPENSATION

Schedule of recognized stock-based compensation expense

	Fiscal Year Ended June 30,
	2019		2018		2017
		(Amounts in thousands)
Stock options	$	221	$	318	$	393
Stock appreciation rights		2,025		1,988		1,851
Restricted stock		3,336		4,487		3,840
Performance stock		1,035		1,486		3,899
Total stock-based compensation expense	$	6,617	$	8,279	$	9,983

Schedule of valuation assumptions

	Stock Options						SSARs
	2019		2018		2017		2019		2018		2017
Weighted-average expected volatility	36.5	%	42.2	%	41.7	%	37.6	%	42.4	%	41.1	%
Weighted-average expected life in years	4.5		5.5		5.5		5.2		5.4		5.8
Weighted-average dividend yield	1.13	%	1.10	%	1.11	%	1.13	%	1.10	%	1.11	%
Weighted-average risk free interest rate	2.7	%	1.8	%	1.2	%	2.7	%	1.8	%	1.3	%

Summary of stock options activity

				Weighted-
		Weighted-		Average
		Average		Remaining	Aggregate
	Number of	Exercise		Contractual	Intrinsic Value
	Shares	Price		Life (Years)	(in thousands)
Outstanding at July 1, 2018	66,227	$	69.35
Granted	6,430	$	77.73
Exercised	(27,930)	$	68.19
Expired	(2,429)	$	82.29
Outstanding at June 30, 2019	42,298	$	70.65	5.9	$	1,334
Exercisable at June 30, 2019	32,125	$	67.30	5.2	$	1,130

Summary of SSARs activity

				Weighted-
		Weighted-		Average
		Average		Remaining	Aggregate
	Number of	Exercise		Contractual	Intrinsic Value
	Shares	Price		Life (Years)	(in thousands)
Outstanding at July 1, 2018	252,886	$	75.60
Granted	72,860	$	78.06
Exercised	(144,360)	$	71.99
Expired	(5,787)	$	87.42
Outstanding at June 30, 2019	175,599	$	79.20	8.0	$	4,090
Exercisable at June 30, 2019	53,886	$	73.46	6.8	$	1,565

Summary of non-vested awards

		Weighted-
		Average
	Number of	Grant Date
	Shares	Fair Value
Outstanding at July 1, 2018	184,664	$	61.75
Granted	59,820	$	62.77
Vested	(21,953)	$	38.12
Forfeited	(7,716)	$	76.01
Non-attainment	(59,793)	$	52.48
Outstanding at June 30, 2019	155,022	$	68.35

Summary of the status of non-vested restricted stock

		Weighted-
		Average
	Number of	Grant Date
	Shares	Fair Value
Outstanding at July 1, 2018	144,783	$	72.94
Granted	43,460	$	77.96
Vested	(39,297)	$	62.32
Forfeited	(5,977)	$	78.95
Outstanding at June 30, 2019	142,969	$	77.13