SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Jun. 30, 2012

SHAREHOLDERS' EQUITY

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

	2012		2011		2010
	(Shares in thousands)
Weighted average shares for basic earnings per share		57,137		56,704		55,806
Effect of dilutive securities:
Dilutive effect of convertible debt		—		—		10,730
Dilutive effect of stock-based compensation(1)		—		—		217
Weighted average shares for diluted earnings per share		57,137		56,704		66,753

(1)

For fiscal year 2012 and 2011, 182 and 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

	2012		2011		2010
	(Shares in thousands)
Basic earnings per share:
RSAs(1)		403		862		931
RSUs(1)		17		215		215
		420		1,077		1,146
Diluted earnings per share:
Stock options(2)		789		890		960
SARs(2)		957		1,084		1,110
RSAs(2)		242		580		677
Shares issuable upon conversion of debt(2)		11,209		11,163		—
		13,197		13,717		2,747

(1)

Shares were not vested

(2)

Share were anti-dilutive

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

	2012			2011			2010
	(Dollars in thousands)
Net (loss) income from continuing operations available to common shareholders	$	(115,192	)	$	(8,905	)	$	39,579
Effect of dilutive securities:
Interest on convertible debt		—			—			7,520
Net (loss) income from continuing operations for diluted earnings per share	$	(115,192	)	$	(8,905	)	$	47,099

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

	2012		2011		2010
	(Shares in thousands)
2000 Plan		—		—		4
2004 Plan		4,838		4,209		12
		4,838		4,209		16

Schedule of stock options outstanding and weighted average exercise prices

	Options Outstanding
	Shares			Weighted Average Exercise Price
	(in thousands)
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
Granted		—			—
Cancelled		(186	)		27.80
Exercised		—			—
Balance, June 30, 2012		652		$	32.53
Exercisable June 30, 2012		593		$	33.50

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

	Restricted Stock Outstanding					SARs Outstanding
	Shares/Units			Weighted Average Grant Date Fair Value		Shares			Weighted Average Exercise Price
	(in thousands)					(in thousands)
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
Granted		97			16.94		—			—
Forfeited or expired		(290	)		19.07		(352	)		24.57
Vested/Exercised		(224	)		20.58		(1	)		16.60
Balance, June 30, 2012		660		$	25.44		734		$	26.02

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

	2012		2011		2010
Stock options	$	—	$	—	$	7.36
SARs		—		6.26		8.60
Restricted stock awards		16.15		16.60		19.12
Restricted stock units		17.96		—		—

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

	2012	2011			2010
Risk-free interest rate	N/A		2.29	%		2.79	%
Expected term (in years)	N/A		5.50			5.50
Expected volatility	N/A		44.00	%		42.00	%
Expected dividend yield	N/A		1.45	%		0.85	%