Share-Based Compensation (Tables)

6 Months Ended

Dec. 31, 2014

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

Schedule of Fair Value of Each Option Award Estimated on Date of Grant using Black-Scholes Option Valuation Model

The fair value of each option award is estimated on the date of grant using the Black-Scholes option valuation model, which uses the assumptions noted in the following table.

	Six Months Ended December 31,
	2014			2013
Expected volatility		31.6% - 38.6	%		32.7% - 55.4	%
Weighted-average volatility		35.1	%		45.9	%
Expected annual dividend	$	1.32		$	1.20
Expected term (in years)		2.12 - 4.46			2.41 - 4.66
Risk-free rate		0.4% - 1.4	%		0.3% - 1.8	%

Summary of Stock Option Activity

A summary of option activity under the Plans as of December 31, 2014 and changes during the six months ended December 31, 2014 is presented below:

	Shares			Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at June 30, 2014		1,419,598		$	65.90		6.70	$	62,204
Granted		3,712			107.22
Exercised		(218,610	)		49.16
Forfeited or expired		(62,563	)		78.39
Outstanding at December 31, 2014		1,142,137		$	68.56		6.05	$	46,633
Exercisable at December 31, 2014		694,303		$	74.60		4.61	$	25,342

Schedule of Nonvested Restricted Stock Unit Activity

A summary of equity classified restricted stock unit activity as of December 31, 2014 and changes during the six months ended December 31, 2014 is presented below:

	Restricted Stock Units
Nonvested at June 30, 2014		1,543,925
Granted		402,791
Vested		(508,957	)
Forfeited		(87,591	)
Nonvested at December 31, 2014		1,350,168

Summary of Cash-Settled Stock Appreciation Rights

A summary of cash-settled stock appreciation rights as of December 31, 2014 and changes during the six months ended December 31, 2014 is presented below:

	Stock Appreciation Rights
Non-vested at June 30, 2014		12,031
Granted		1,486
Vested		(6,723	)
Forfeited		0
Non-vested at December 31, 2014		6,794
Exercisable		4,066