Note 14. Stock Compensation (Policies)

9 Months Ended

Mar. 31, 2019

Stock Compensation Plan [Abstract]

Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]

The grant date fair value of annual performance shares is based on the stock price at the date of the award, reduced by the present value of dividends normally paid over the vesting period which are not payable on outstanding annual performance share awards. The grant date fair value of the Relative Total Shareholder Return awards was calculated using a Monte Carlo simulation. This valuation technique includes estimating the movement of stock prices and the effects of volatility, interest rates, and dividends. The grant date fair value of the restricted share units and unrestricted shares was based on the stock price at the date of the award.