SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Jun. 30, 2011

SHAREHOLDERS' EQUITY

Reconciliation of shares used in the computation of basic and diluted earnings per share

		2011		2010		2009
		(Shares in thousands)
Weighted average shares for basic earnings per share			56,704		55,806		42,897
Effect of dilutive securities:
	Dilutive effect of convertible debt		—		10,730		—
	Dilutive effect of stock-based compensation(1)		—		217		129
Weighted average shares for diluted earnings per share			56,704		66,753		43,026

(1)

For fiscal year 2011, 334 common stock equivalents of potentially dilutive common stock were not included in the diluted earnings per share calculation because to do so would have been anti-dilutive.

Awards excluded from earnings per share calculations

	2011		2010		2009
	(Shares in thousands)
Basic earnings per share:
RSAs(1)		862		931		817
RSUs(1)		215		215		215
		1,077		1,146		1,032
Diluted earnings per share:
Stock options(2)		890		960		899
SARs(2)		1,084		1,110		613
RSAs(2)		580		677		301
RSUs(2)		—		—		215
Shares issuable upon conversion of debt(2)		11,163		—		—
		13,717		2,747		2,028

(1)

Awards were not vested

(2)

Awards were anti-dilutive

Reconciliation of the net income from continuing operations available to common shareholders and the net income from continuing operations for diluted earnings per share

		2011			2010		2009
		(Dollars in thousands)
Net (loss) income from continuing operations available to common shareholders		$	(8,905	)	$	39,579	$	6,970
Effect of dilutive securities:
	Interest on convertible debt		—			7,520		—
Net (loss) income from continuing operations for diluted earnings per share		$	(8,905	)	$	47,099	$	6,970

Schedule of common shares available for grant under stock-based compensation award plans

	2011		2010		2009
	(Shares in thousands)
2000 Plan		—		4		268
2004 Plan		4,209		12		103
		4,209		16		371

Schedule of stock options outstanding and weighted average exercise prices

	Options Outstanding
	Shares			Weighted Average Exercise Price
	(in thousands)
Balance, June 30, 2008		1,713		$	24.55
Granted		9			35.15
Cancelled		(102	)		30.20
Exercised		(235	)		16.60
Balance, June 30, 2009		1,385			25.55
Granted		135			18.90
Cancelled		(337	)		17.74
Exercised		(203	)		15.12
Balance, June 30, 2010		980			29.48
Granted		—			—
Cancelled		(96	)		18.89
Exercised		(46	)		15.04
Balance, June 30, 2011		838		$	31.48
Exercisable June 30, 2011		670		$	33.22

Rollforward of RSAs, RSUs and SARs outstanding, as well as other relevant terms of the awards

	Nonvested					SARs Outstanding
	Restricted Stock Outstanding Shares/Units			Weighted Average Grant Date Fair Value		Shares			Weighted Average Exercise Price
	(in thousands)					(in thousands)
Balance, June 30, 2008		523		$	36.76		527		$	35.70
Granted		618			19.14		632			19.14
Cancelled		(28	)		35.41		(45	)		35.73
Vested/Exercised		(81	)		35.72		—			—
Balance, June 30, 2009		1,032			26.33		1,114			26.30
Granted		304			19.12		2			28.57
Cancelled		(2	)		20.02		(6	)		38.63
Vested/Exercised		(188	)		24.74		—			—
Balance, June 30, 2010		1,146			24.70		1,110			26.24
Granted		277			16.60		103			16.60
Cancelled		(118	)		20.42		(126	)		24.35
Vested/Exercised		(228	)		22.69		—			—
Balance, June 30, 2011		1,077		$	23.48		1,087		$	25.54

Schedule of weighted average fair values per stock-based compensation award granted

	2011		2010		2009
Stock options	$	—	$	7.36	$	8.60
SARs		6.26		8.60		7.07
Restricted stock awards		16.60		19.12		19.14
Restricted stock units		—		—		—

Schedule of assumptions used in determining a fair value of each stock option and SAR grant

	2011			2010			2009
Risk-free interest rate		2.29	%		2.79	%	2.45 - 3.29%
Expected term (in years)		5.50			5.50		5.50
Expected volatility		44.00	%		42.00	%	28.00 - 40.00%
Expected dividend yield		1.45	%		0.85	%	0.56 - 0.84%