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STOCK PLANS AND STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Jun. 30, 2017
Share Based Compensation Allocation And Classification In Financial Statements [Abstract]  
Components of Stock-Based Compensation Expense and Related Tax Benefits

A summary of the components of stock-based compensation expense recognized during the years ended June 30, 2017, 2016, and 2015, together with the income tax benefits realized, is as follows (in thousands):

    

 

 

Year ended June 30,

 

 

 

2017

 

 

2016

 

 

2015

 

Stock-based compensation included in indirect costs and

   selling expense:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock and RSU expense

 

$

21,945

 

 

$

17,919

 

 

$

14,072

 

Income tax benefit recognized for stock-based compensation

   expense

 

$

7,498

 

 

$

6,476

 

 

$

5,260

 

 

Summary of Activity Related to SSARs and Stock Options

Activity for all outstanding SSARs and stock options, and the corresponding exercise price and fair value information, for the years ended June 30, 2017, 2016, and 2015, is as follows:

 

 

 

Number

of Shares

 

 

Exercise Price

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Grant Date

Fair Value

 

Outstanding, June 30, 2014

 

 

91,950

 

 

37.67 – 59.30

 

 

 

48.77

 

 

 

17.02

 

Exercisable, June 30, 2014

 

 

91,950

 

 

37.67 – 59.30

 

 

 

48.77

 

 

 

17.02

 

Exercised

 

 

(44,290

)

 

37.67 – 59.30

 

 

 

49.36

 

 

 

17.33

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Expired

 

 

(5,000

)

 

 

47.59

 

 

 

47.59

 

 

 

10.68

 

Outstanding, June 30, 2015

 

 

42,660

 

 

37.67 – 49.36

 

 

 

48.29

 

 

 

17.45

 

Exercisable, June 30, 2015

 

 

42,660

 

 

37.67 – 49.36

 

 

 

48.29

 

 

$

17.45

 

Exercised

 

 

(35,860

)

 

37.67 – 49.36

 

 

 

48.18

 

 

 

17.25

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Expired

 

 

(6,800

)

 

 

48.83

 

 

 

48.83

 

 

 

18.50

 

Outstanding, June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, June 30, 2016

 

 

 

 

 

 

 

$

 

 

$

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, June 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, June 30, 2017

 

 

 

 

 

 

 

$

 

 

$

 

 

Summary of Activity Related to Restricted Stock and RSUs

Changes in the number of unvested restricted stock and RSUs during each of the years in the three-year period ended June 30, 2017, 2016, and 2015, together with the corresponding weighted-average fair values, are as follows:

 

 

 

Restricted Stock and

Restricted Stock Units

 

 

 

Number

of Shares

 

 

Weighted

Average

Grant Date

Fair Value

 

Unvested at June 30, 2014

 

 

838,242

 

 

$

55.39

 

Granted

 

 

322,121

 

 

 

76.37

 

Vested

 

 

(250,613

)

 

 

47.84

 

Forfeited

 

 

(45,184

)

 

 

66.89

 

Unvested at June 30, 2015

 

 

864,566

 

 

 

64.79

 

Granted

 

 

275,117

 

 

$

80.72

 

Vested

 

 

(209,448

)

 

 

49.48

 

Forfeited

 

 

(56,381

)

 

 

75.79

 

Unvested at June 30, 2016

 

 

873,854

 

 

$

71.20

 

Granted

 

 

256,853

 

 

 

104.45

 

Vested

 

 

(233,296

)

 

 

65.07

 

Forfeited

 

 

(62,804

)

 

 

93.12

 

Unvested at June 30, 2017

 

 

834,607

 

 

$

85.28

 

 

Additional Information Related to SSARs and Stock Options

Information regarding the cash proceeds received, and the intrinsic value and total tax benefits realized resulting from SSARs and stock option exercises is as follows (in thousands):

 

 

 

Year ended June 30,

 

 

 

2017

 

 

2016

 

 

2015

 

Cash proceeds received

 

$

 

 

$

 

 

$

872

 

Intrinsic value realized

 

$

 

 

$

1,286

 

 

$

1,646

 

Income tax benefit realized

 

$

 

 

$

465

 

 

$

615

 

 

Summary of Activity Related to MSPP

Activity related to the MSPP during the year ended June 30, 2017 is as follows:

 

 

 

MSPP

 

RSUs outstanding, June 30, 2016

 

 

1,393

 

Granted

 

 

1,978

 

Issued

 

 

(204

)

Forfeited

 

 

 

RSUs outstanding, June 30, 2017

 

 

3,167

 

Weighted average grant date fair value as adjusted for the

   applicable discount

 

$

81.02