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

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Fiscal Year Ended June 30, 

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2020

​

2019

    

2018

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​

(Amounts in thousands)

Stock options

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$

163

​

$

221

​

$

318

Stock appreciation rights

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​

2,545

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​

2,025

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​

1,988

Restricted stock

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​

5,117

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​

3,336

​

​

4,487

Performance stock

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​

1,291

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​

1,035

​

​

1,486

Total stock-based compensation expense

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$

9,116

​

$

6,617

​

$

8,279

Schedule of valuation assumptions

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Stock Options

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SSARs

 

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2020

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2019

    

2018

    

2020

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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

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Weighted-

    

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Weighted-

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Average

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Average

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Remaining

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Aggregate

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Number of

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Exercise

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Contractual

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Intrinsic Value

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​

Shares

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Price

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Life (Years)

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(in thousands)

Outstanding at July 1, 2019

 

42,298

​

$

70.65

 

  

 

​

  

Granted

 

1,604

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$

124.60

 

  

 

​

  

Exercised

 

(24,199)

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$

72.92

 

  

 

​

  

Forfeited

 

(802)

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$

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

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Weighted-

    

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Weighted-

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Average

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​

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​

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Average

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Remaining

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Aggregate

​

​

Number of

​

Exercise

​

Contractual

​

Intrinsic Value

​

​

Shares

​

Price

​

Life (Years)

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(in thousands)

Outstanding at July 1, 2019

 

175,599

​

$

79.20

 

  

 

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Granted

 

53,616

​

$

124.15

 

  

 

​

  

Exercised

 

(101,823)

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$

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

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Weighted-

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Average

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Number of

​

Grant Date

​

​

Shares

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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

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Weighted-

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Average

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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