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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of weighted average fair values per stock-based compensation award granted
Using the fair value of each grant on the date of grant, the weighted average fair values per stock-based compensation award granted during fiscal years 2014, 2013 and 2012 were as follows:
 
 
2014
 
2013
 
2012
Stock options & SARs
 
$
6.00

 
$
6.63

 
N/A

RSAs & RSUs
 
15.50

 
17.40

 
$
16.94

PSUs
 
15.73

 
18.33

 
N/A

Schedule of assumptions used in determining estimated fair value of stock options, SARs and market-based RSUs granted
The significant assumptions used in determining the estimated fair value of stock options, SARs and market-based RSUs granted during fiscal years 2014, 2013 and 2012 were as follows:
 
 
2014
 
2013
 
2012
Risk-free interest rate
 
1.67 - 1.96%
 
0.66 - 0.87%
 
N/A
Expected term (in years)
 
6.00
 
6.00
 
N/A
Expected volatility
 
44.00%
 
44.00 - 47.00%
 
N/A
Expected dividend yield
 
1.52 - 1.61%
 
1.33 - 1.46%
 
N/A
Schedule of stock-based compensation expense
Stock-based compensation expense, recorded within General and Administrative expense in the Consolidated Statement of Operations, was as follows:
 
 
2014
 
2013
 
2012
SARs & stock options
 
$
2,145

 
$
1,986

 
$
1,447

RSAs, RSUs, & PSUs
 
4,255

 
3,895

 
6,150

Total stock-based compensation expense
 
6,400

 
5,881

 
7,597

Less: Income tax benefit
 

 
(2,235
)
 
(2,898
)
Total stock-based compensation expense, net of tax
 
$
6,400

 
$
3,646

 
$
4,699

Schedule of activity for outstanding SARs and stock options
Activity for all of our outstanding SARs and stock options is as follows:
 
 
Shares
(in thousands)
 
Weighted
Average
Exercise Price
 
Weighted-
Average
Remaining
Contractual Life
 
Aggregate
Intrinsic Value
(in thousands)
 
 
SARs
 
Stock
Options
 
 
 
Outstanding balance at June 30, 2013
 
860

 
429

 
$
25.26

 
 
 
 

Granted
 
470

 

 
15.74

 
 
 
 

Forfeited/Expired
 
(189
)
 
(177
)
 
30.06

 
 
 
 

Exercised
 
(1
)
 

 
16.60

 
 
 
 

Outstanding balance at June 30, 2014
 
1,140

 
252

 
$
20.80

 
6.8
 

Exercisable at June 30, 2014
 
383

 
246

 
$
25.85

 
4.5
 

Unvested options, net of estimated forfeitures
 
686

 
6

 
$
16.68

 
8.7
 

Schedule of activity for RSAs and RSUs
Activity for all of our RSAs and RSUs is as follows:
 
 
Shares/Units
(in thousands)
 
Weighted
Average
Grant Date
Fair Value
 
Aggregate Intrinsic
Value
(in thousands)
 
 
RSAs
 
RSUs
 
 
Outstanding balance at June 30, 2013
 
315

 
250

 
$
17.46

 
 

Granted
 

 
362

 
15.50

 
 

Forfeited
 
(26
)
 
(19
)
 
17.05

 
 

Vested
 
(103
)
 
(81
)
 
17.92

 
 

Outstanding balance at June 30, 2014
 
186

 
512

 
$
16.34

 
$
9,817

Vested at June 30, 2014
 

 
81

 
$
16.42

 
$
1,145

Unvested awards, net of estimated forfeitures
 
179

 
361

 
$
16.40

 
$
7,602