XML 59 R43.htm IDEA: XBRL DOCUMENT v3.5.0.2
Share-Based Compensation (Tables)
12 Months Ended
Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of weighted-average assumptions of fair value of stock options
The fair value of stock options awarded in fiscal years 2016, 2015 and 2014 were estimated on the date of each grant using a Black-Scholes option pricing model with the following weighted-average assumptions:
 
 
 
Years Ended June 30,
 
 
2016
 
2015
 
2014
Expected volatility
 
33
%
 
36
%
 
49
%
Dividend yield
 
2.0
%
 
1.6
%
 
1.3
%
Risk-free interest rate
 
1.5
%
 
1.4
%
 
1.4
%
Expected term (in years)
 
5.0

 
5.0

 
5.0

Summary of stock option activity
 
 
Number of
Awards
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term
 
Aggregate
Intrinsic
Value
(in millions)
Outstanding at June 30, 2013
 
1,088,728

 
$
37.51

 
 
 
 

Granted
 
243,292

 
$
54.65

 
 
 
 

Exercised
 
(236,540
)
 
$
30.19

 
 
 
 

Cancelled
 
(31,585
)
 
$
49.83

 
 
 
 

Outstanding at June 30, 2014
 
1,063,895

 
$
42.69

 
 
 
 

Granted
 
702,411

 
$
48.28

 
 
 
 

Exercised
 
(73,067
)
 
$
31.53

 
 
 
 

Cancelled
 
(185,361
)
 
$
52.67

 
 
 
 

Outstanding at June 30, 2015
 
1,507,878

 
$
44.61

 
 
 
 

Granted
 
277,769

 
$
36.31

 
 
 
 

Exercised
 
(19,627
)
 
$
25.12

 
 
 
 

Cancelled
 
(64,518
)
 
$
47.98

 
 
 
 

Outstanding at June 30, 2016
 
1,701,502

 
$
43.35

 
6.6 years
 
$
2.6

 
 
 
 
 
 
 
 
 
Exercisable at June 30, 2016
 
1,295,510

 
$
43.40

 
6.0 years
 
$
2.6

Summary of outstanding and exercisable options by exercise price range
Exercise Price
Range
 
Number Outstanding at June 30, 2016
 
Weighted
Average
Remaining
Contractual
Term (in Years)
 
Weighted
Average
Exercise
Price
 
Number Exercisable at June 30, 2016
 
Weighted
Average
Exercise
Price
$14.17 - $20.00
 
61,537

 
3.1
 
$
17.29

 
61,537

 
$
17.29

$20.01 - $30.00
 
162,321

 
2.9
 
$
22.72

 
162,321

 
$
22.72

$30.01 - $40.00
 
341,722

 
7.9
 
$
35.83

 
84,772

 
$
34.51

$40.01 - $50.00
 
394,385

 
7.0
 
$
43.11

 
394,385

 
$
43.11

$50.01 - $63.54
 
741,537

 
6.8
 
$
53.62

 
592,495

 
$
53.25

 
 
1,701,502

 
 
 
$
43.35

 
1,295,510

 
$
43.40

Summary of nonvested stock awards activity
 
 
Number of Awards
 
Weighted Average Grant Date Fair Value
Restricted Balance at June 30, 2013
 
215,415

 
$
43.75

Time-based granted
 
14,086

 
$
52.58

Performance-based granted
 
20,794

 
$
48.85

Vested
 
(120,117
)
 
$
43.96

Forfeited
 
(16,615
)
 
$
48.02

Restricted Balance at June 30, 2014
 
113,563

 
$
44.99

Time-based granted
 
97,168

 
$
42.65

Performance-based granted
 
895

 
$
54.37

Vested
 
(76,214
)
 
$
42.04

Forfeited
 
(8,003
)
 
$
48.94

Restricted Balance at June 30, 2015
 
127,409

 
$
45.09

Time-based granted
 
130,742

 
$
35.96

Performance-based granted
 
49,529

 
$
31.11

Vested
 
(36,057
)
 
$
48.85

Forfeited
 
(83,154
)
 
$
42.14

Restricted Balance at June 30, 2016
 
188,469

 
$
35.69

Summary Of Director stock units activity
 
 
Number of Units
 
Weighted Average Grant Date Fair Value
Outstanding at June 30, 2013
 
246,519

 
$
30.06

Granted
 
19,770

 
$
59.47

Dividend equivalents
 
3,026

 
$

Outstanding at June 30, 2014
 
269,315

 
$
32.25

Granted
 
24,668

 
$
42.80

Distributed
 
(11,296
)
 
$
31.79

Dividend equivalents
 
4,749

 
$

Outstanding at June 30, 2015
 
287,436

 
$
35.48

Granted
 
40,323

 
$
32.54

Dividend equivalents
 
7,184

 
$

Outstanding at June 30, 2016
 
334,943

 
$
38.64