XML 68 R47.htm IDEA: XBRL DOCUMENT v3.25.2
Stock-Based Compensation and Incentive Performance Plans (Tables)
12 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of All Stock-Based Award Activity

 

2025

 

 

2024

 

 

2023

 

 

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 at beginning of period - RSUs and PSUs

 

 

2,165

 

 

$

15.03

 

 

 

1,288

 

 

$

26.37

 

 

 

790

 

 

$

42.44

 

Granted

 

 

2,278

 

 

$

6.94

 

 

 

1,768

 

 

$

11.83

 

 

 

1,242

 

 

$

20.34

 

Vested

 

 

(624

)

 

$

13.52

 

 

 

(528

)

 

$

27.38

 

 

 

(250

)

 

$

36.23

 

Forfeited

 

 

(1,192

)

 

$

13.46

 

 

 

(363

)

 

$

19.13

 

 

 

(494

)

 

$

31.92

 

Non-vested at end of period - RSUs and PSUs

 

 

2,627

 

 

$

9.09

 

 

 

2,165

 

 

$

15.03

 

 

 

1,288

 

 

$

26.37

 

Schedule of Restricted Stock Grant Information

The fair value of 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,

 

 

2025

 

 

2024

 

 

2023

 

Fair value of RSUs and PSUs granted

 

$

15,806

 

 

$

20,726

 

 

$

25,258

 

Fair value of RSUs and PSUs vested

 

$

4,826

 

 

$

5,545

 

 

$

4,684

 

Tax benefit recognized from RSUs and PSUs vesting

 

$

625

 

 

$

673

 

 

$

631

 

 

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:

 

Relative
TSR PSUs

 

Grant date fair value (per target share)

 

$

9.89

 

Risk-free interest rate

 

 

4.09

%

Expected volatility

 

 

20.90

%

Expected term

 

3.00 years

 

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:

 

Fiscal Year ended June 30, 2025

 

 

Absolute
TSR PSUs

 

 

Relative
TSR PSUs

 

Grant date fair value (per target share)

 

$

12.23

 

 

$

15.42

 

Risk-free interest rate

 

 

4.98

%

 

 

4.98

%

Expected volatility

 

 

33.70

%

 

 

23.10

%

Expected term

 

3.00 years

 

 

3.00 years

 

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:

 

Fiscal Year ended June 30, 2024

 

 

Absolute
TSR PSUs

 

 

Relative
TSR PSUs

 

Grant date fair value (per target share)

 

$

12.23

 

 

$

15.42

 

Risk-free interest rate

 

 

4.98

%

 

 

4.98

%

Expected volatility

 

 

33.70

%

 

 

23.10

%

Expected term

 

3.00 years

 

 

3.00 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:

 

Fiscal Year ended June 30, 2023

 

 

Absolute
TSR PSUs

 

 

Relative
TSR PSUs

 

Grant date fair value (per target share)

 

$

20.18

 

 

$

27.47

 

Risk-free interest rate

 

 

3.54

%

 

 

3.54

%

Expected volatility

 

 

40.30

%

 

 

26.60

%

Expected term

 

3.00 years

 

 

3.00 years

 

Schedule of Compensation Cost and Related Income Tax Benefits Recognized

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,

 

 

2025

 

 

2024

 

 

2023

 

Selling, general and administrative expense

 

 

 

 

 

 

 

 

 

Stock-based awards

 

$

8,149

 

 

$

12,704

 

 

$

14,423

 

Cash-settled awards

 

 

697

 

 

$

 

 

$

 

Total selling, general and administrative expense

 

$

8,846

 

 

$

12,704

 

 

$

14,423

 

Related income tax benefit

 

$

882

 

 

$

1,409

 

 

$

1,734

 

Schedule of Fair Value Assumptions

 

 

Absolute
TSR PSUs

 

 

Relative
TSR PSUs

 

Grant date fair value (per target share)

 

$

13.84

 

 

$

19.54

 

Risk-free interest rate

 

 

4.28

%

 

 

4.28

%

Expected volatility

 

 

40.70

%

 

 

28.20

%

Expected term

 

3.00 years

 

 

3.00 years