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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Jun. 30, 2017
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 2017, 2016 and 2015 were as follows:
 
 
2017
 
2016
 
2015
SARs
 
$
3.68

 
$
3.51

 
$
6.16

RSAs & RSUs
 
11.73

 
11.18

 
15.95

PSUs
 
12.28

 
12.11

 
15.15

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 SARs granted during fiscal years 2017, 2016 and 2015 were as follows:
 
 
2017
 
2016
 
2015
Risk-free interest rate
 
1.99%
 
1.71%
 
1.53 - 1.84%
Expected term (in years)
 
6.50
 
6.00
 
6.00
Expected volatility
 
31.50%
 
30.00%
 
38.00 - 44.00%
Expected dividend yield
 
0%
 
0%
 
0%
Schedule of stock-based compensation expense
Stock-based compensation expense recorded in G&A was as follows:
 
 
2017
 
2016
 
2015
SARs
 
$
3,533

 
$
2,774

 
$
2,652

RSAs, RSUs, & PSUs
 
9,609

 
7,023

 
5,995

Total stock-based compensation expense
 
$
13,142

 
$
9,797

 
$
8,647

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, 2016
 
2,209

 
98

 
$
16.39

 
 
 
 
Granted
 
1,000

 

 
11.15

 
 
 
 

Forfeited/Expired
 
(243
)
 
(44
)
 
19.33

 
 
 
 

Exercised
 
(82
)
 

 
10.84

 
 
 
 

Outstanding balance at June 30, 2017
 
2,884

 
54

 
$
14.47

 
7.3
 
$

Exercisable at June 30, 2017
 
1,571

 
54

 
$
17.06

 
5.7
 
$

Unvested awards, net of estimated forfeitures
 
1,294

 

 
$
11.26

 
9.4
 
$

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, 2016
 
122

 
908

 
$
14.91

 
 
Granted
 

 
517

 
11.73

 
 
Forfeited
 

 
(82
)
 
13.78

 
 
Vested
 
(121
)
 
(534
)
 
14.91

 
 
Outstanding balance at June 30, 2017
 
1

 
809

 
$
12.77

 
$
8,326

Vested at June 30, 2017
 
1

 
203

 
$
14.69

 
$
2,103

Unvested awards, net of estimated forfeitures
 

 
565

 
$
12.07

 
$
5,802

Schedule of activity for PSUs
Activity for all of our PSUs is as follows:
 
 
Shares/Units
(in thousands)
 
Weighted
Average
Grant Date
Fair Value
 
Aggregate Intrinsic
Value
(in thousands)(1)
 
 
PSUs
 
 
Outstanding balance at June 30, 2016
 
556

 
$
13.00

 
$
7,679

Granted
 
393

 
12.28

 
 

Forfeited
 
(508
)
 
12.68

 
 

Vested
 

 

 
 

Outstanding balance at June 30, 2017
 
441

 
$
12.74

 
$
4,531

Vested at June 30, 2017
 

 
$

 
$

Unvested awards, net of estimated forfeitures
 
412

 
$
12.74

 
$
4,230

_______________________________________________________________________________
(1)
Includes actual or expected payout rates as set forth in the performance criteria.