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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Jun. 30, 2020
STOCK-BASED COMPENSATION  
Schedule of recognized stock-based compensation expense

Fiscal Year Ended June 30, 

    

2020

2019

    

2018

(Amounts in thousands)

Stock options

$

163

$

221

$

318

Stock appreciation rights

2,545

2,025

1,988

Restricted stock

5,117

3,336

4,487

Performance stock

1,291

1,035

1,486

Total stock-based compensation expense

$

9,116

$

6,617

$

8,279

Schedule of valuation assumptions

Stock Options

SSARs

 

2020

2019

    

2018

    

2020

2019

2018

 

Weighted-average expected volatility

    

34.4

%  

36.5

%  

42.2

%  

34.6

%  

37.6

%  

42.4

%

Weighted-average expected life in years

 

4.5

 

4.5

 

5.5

 

4.7

 

5.2

 

5.4

Weighted-average dividend yield

 

1.0

%  

1.1

%  

1.1

%  

1.0

%  

1.1

%  

1.1

%

Weighted-average risk free interest rate

 

1.6

%  

2.7

%  

1.8

%  

1.6

%  

2.7

%  

1.8

%

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, 2019

 

42,298

$

70.65

 

  

 

  

Granted

 

1,604

$

124.60

 

  

 

  

Exercised

 

(24,199)

$

72.92

 

  

 

  

Forfeited

 

(802)

$

124.60

 

  

 

  

Outstanding at June 30, 2020

 

18,901

$

70.38

 

6.0

$

1,020

Exercisable at June 30, 2020

 

15,623

$

65.96

 

5.5

$

912

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, 2019

 

175,599

$

79.20

 

  

 

  

Granted

 

53,616

$

124.15

 

  

 

  

Exercised

 

(101,823)

$

81.02

 

  

 

  

Forfeited

 

(4,788)

$

124.60

 

  

 

  

Outstanding at June 30, 2020

 

122,604

$

95.57

 

7.8

$

3,536

Exercisable at June 30, 2020

 

42,386

$

73.48

 

6.3

$

2,155

Summary of non-vested awards

    

    

Weighted-

Average

Number of

Grant Date

Shares

Fair Value

Outstanding at July 1, 2019

 

155,022

$

68.35

Granted

 

32,840

$

100.48

Vested

 

(15,753)

$

53.65

Forfeited

 

(15,525)

$

98.15

Non-attainment

 

(11,672)

$

52.79

Outstanding at June 30, 2020

 

144,912

$

80.59

Summary of the status of non-vested restricted stock

    

    

Weighted-

Average

Number of

Grant Date

Shares

Fair Value

Outstanding at July 1, 2019

 

142,969

$

77.13

Granted

 

26,026

$

123.72

Vested

 

(63,054)

$

92.90

Forfeited

 

(9,894)

$

121.12

Outstanding at June 30, 2020

 

96,047

$

90.40