XML 59 R45.htm IDEA: XBRL DOCUMENT v3.23.2
STOCK-BASED COMPENSATION AND INCENTIVE PERFORMANCE PLANS (Tables)
 12 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Non-Vested Restricted Stock and Restricted Share Unit Awards
A summary of the restricted stock activity (including all RSAs, RSUs and PSUs) for the last three fiscal years ended June 30 is as follows:
202320222021
Number of Shares
and Units
Weighted
Average 
Grant
Date Fair 
Value
(per share)		Number of Shares
and Units
Weighted
Average 
Grant
Date Fair 
Value
(per share)		Number of Shares
and Units
Weighted
Average 
Grant
Date Fair 
Value
(per share)
Non-vested - RSAs, RSUs and PSUs
790 $42.441,780 $16.552,050 $15.85
Granted1,242 $20.34873 $43.55237 $36.13
Vested(250)$36.23(1,583)$15.61(375)$25.21
Forfeited(494)$31.92(280)$32.98(132)$17.18
Non-vested - RSAs, RSUs and PSUs
1,288 $26.37790 $42.441,780 $16.55
Restricted Stock Grant Information
The fair value of RSAs, RSUs and PSUs granted and of shares vested, and the tax benefit recognized from restricted shares vesting, for the last three fiscal years ended June 30 was as follows:
Fiscal Year Ended June 30,
202320222021
Fair value of restricted stock granted$25,258 $38,005 $8,551 
Fair value of restricted stock vested$4,684 $71,376 $15,847 
Tax benefit recognized from restricted stock vesting$631 $3,658 $1,597 
Schedule of Average Assumptions Grant date fair values are calculated using a Monte Carlo simulation model with grant date fair values per target share and related valuation assumptions as follows:
2023
Absolute TSR PSUsRelative TSR PSUs
Grant date fair value (per target share)$20.18$27.47
Risk-free interest rate3.54 %3.54 %
Expected dividend yield——
Expected volatility40.30 %26.60 %
Expected term3.00 years3.00 years
Grant date fair values are calculated using a Monte
Carlo simulation model with weighted average grant date fair values per target share and related valuation assumptions as follows:

2022
Absolute TSR PSUsRelative TSR PSUs
Grant date fair value (per target share)$39.00$60.09
Risk-free interest rate0.89 %0.89 %
Expected dividend yield——
Expected volatility36.93 %24.46 %
Expected term2.99 years2.99 years
The weighted average grant date fair values per target share and related valuation assumptions were as follows:
Fiscal Year ended June 30,
20212020
Grant date fair value (per target share)$32.13$10.92
Risk-free interest rate0.13%1.54%
Expected dividend yield——
Expected volatility40.37%36.28%
Expected term1.17 years1.85 years
The grant date fair value per target share and related valuation assumptions used in the Monte Carlo simulation to value this award were as follows:
Grant date fair value (per target share)$21.63
Risk-free interest rate2.99 %
Expected dividend yield—
Expected volatility35.17 %
Expected term3.00 years
Share-based Payment Arrangement, Cost by Plan Compensation cost and related income tax benefits recognized on the Consolidated Statements of Operations for stock-based compensation plans were as follows:
  
Fiscal Year Ended June 30,
 202320222021
Selling, general and administrative expense
$14,423 $15,611 $15,659 
Related income tax benefit$1,734 $1,574 $1,296 
Schedule of Fair Value Assumptions Grant date fair values were calculated using a Monte-Carlo simulation model with grant date fair values per target share and related valuation assumptions as follows:
Absolute TSR PSUsRelative TSR PSUs
Grant date fair value (per target share)$13.84 $19.54 
Risk-free interest rate4.28 %4.28 %
Expected dividend yield——
Expected volatility40.70 %28.20 %
Expected term3.00 years3.00 years