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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Jun. 30, 2021
STOCK-BASED COMPENSATION  
Schedule of recognized stock-based compensation expense

Fiscal Year Ended June 30, 

2021

2020

2019

(Amounts in thousands)

Stock options

$

68

$

163

$

221

Stock appreciation rights

1,677

2,545

2,025

Restricted stock

2,668

5,117

3,336

Performance stock

1,317

1,291

1,035

Total stock-based compensation expense

$

5,730

$

9,116

$

6,617

Schedule of valuation assumptions

Stock Options

SSARs

 

2021

2020

2019

2021

2020

2019

 

Weighted-average expected volatility

39.4

%

34.4

%

36.5

%

39.2

%

34.6

%

37.6

%

Weighted-average expected life in years

 

4.4

 

4.5

 

4.5

 

4.2

 

4.7

 

5.2

Weighted-average dividend yield

 

0.9

%

1.0

%

1.1

%

0.9

%

1.0

%

1.1

%

Weighted-average risk free interest rate

 

0.2

%

1.6

%

2.7

%

0.2

%

1.6

%

2.7

%

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, 2020

 

18,901

$

70.38

 

 

Granted

 

2,860

$

139.84

 

 

Exercised

 

$

 

 

Forfeited

 

$

 

 

Outstanding at June 30, 2021

 

21,761

$

79.51

 

5.5

$

835

Exercisable at June 30, 2021

 

17,510

$

68.36

 

4.8

$

804

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, 2020

 

122,604

$

95.57

 

 

Granted

 

64,100

$

139.84

 

 

Exercised

 

(2,567)

$

83.45

 

 

Forfeited

 

$

 

 

Outstanding at June 30, 2021

 

184,137

$

111.15

 

7.7

$

2,682

Exercisable at June 30, 2021

 

76,287

$

86.32

 

6.3

$

2,283

Summary of non-vested awards

Weighted-

Average

Number of

Grant Date

Shares

Fair Value

Outstanding at July 1, 2020

 

144,912

$

80.59

Granted

 

35,380

$

111.07

Vested

 

(4,850)

$

74.97

Forfeited

 

$

Non-attainment

 

(21,040)

$

71.44

Outstanding at June 30, 2021

 

154,402

$

88.99

Summary of the status of non-vested restricted stock

Weighted-

Average

Number of

Grant Date

Shares

Fair Value

Outstanding at July 1, 2020

 

96,047

$

90.40

Granted

 

26,104

$

138.67

Vested

 

(25,621)

$

80.85

Forfeited

 

$

Outstanding at June 30, 2021

 

96,530

$

105.99