STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Jun. 30, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of options Activity

The following is a summary of options activity for the fiscal year ended June 30, 2018:

						Weighted
				Weighted		Average		Aggregate
				Average		Remaining		Intrinsic
	Number of			Exercise		Contractual		Value
	Options			Price		Life (in Years)		(in thousands)
Outstanding at July 1, 2017		2,794,850		$	34.68
Options Granted		491,275			33.90
Options Exercised		(823,829	)		30.14
Options Forfeited		(73,015	)		29.72
Options Expired		(583,148	)		46.56
Outstanding at June 30, 2018		1,806,133			32.88		6.32	$	28,516
Exercisable at June 30, 2018		819,480		$	38.29		3.78	$	9,069

Summary of stock appreciation rights activity

The following is a summary of stock appreciation rights activity for the fiscal year ended June 30, 2018:

						Weighted
	Number of			Weighted		Average		Aggregate
	Stock			Average		Remaining		Intrinsic
	Appreciation			Exercise		Contractual		Value
	Rights			Price		Life (in Years)		(in thousands)
Outstanding at July 1, 2017		99,500		$	45.04
Rights Exercised		(34,100	)		38.71
Rights Canceled		(65,400	)		48.34
Outstanding at June 30, 2018		-			-		-	$	-
Exercisable at June 30, 2018		-		$	-		-	$	-

Fair Values of Stock Option Awards Estimated Weighted Average Assumptions

	Fiscal Year
	2018			2017			2016
Expected Life (in Years)		6.68			6.88			6.78
Expected Volatility		41.45	%		42.41	%		41.35	%
Risk-free Interest Rate		1.95	%		1.41	%		1.85	%
Dividend Yield		0.00	%		1.19	%		1.01	%
Pre-vesting Forfeiture Rate		NA			10.00	%		3.00	%

Summary of Restricted Stock Units Activity

				Weighted
				Average
	Number of			Grant Date
	RSUs			Fair Value
Outstanding at July 1, 2017		1,279,667		$	26.14
RSUs Granted		516,090			34.67
RSUs Vested		(378,859	)		31.35
RSUs Forfeited		(189,940	)		27.79
Outstanding at June 30, 2018		1,226,958		$	28.31

Total Stock-Based Compensation Expense Included in Consolidated Statement of Earnings

The following table shows total stock-based compensation expense included in the Consolidated Statements of Income (Loss) (in thousands):

	Year Ended June 30,
	2018			2017			2016
Cost of Educational Services	$	4,464		$	5,312		$	5,617
Student Services and Administrative Expense		9,487			11,288			16,751
Restructuring Expense		548			-			-
		14,499			16,600			22,368
Income Tax Benefit		(5,829	)		(5,819	)		(8,564	)
Net Stock-Based Compensation Expense	$	8,670		$	10,781		$	13,804