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Shareholders' Equity and Share-Based Compensation (Tables)
12 Months Ended
Jun. 30, 2016
Equity [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. There were no options granted during the fiscal year ended June 30, 2016.

 

 

 

Year Ended June 30,

 

 

 

2015

 

 

2014

 

Expected volatility

 

31.6—39.3%

 

 

32.7—55.4%

 

Weighted-average volatility

 

 

35.9

%

 

 

45.8

%

Expected annual dividend

 

$

1.32

 

 

$

1.20

 

Expected term (in years)

 

2.12—4.46

 

 

2.05—4.66

 

Risk-free rate

 

0.4—1.4%

 

 

0.3—1.8%

 

 

Summary of Stock Option Activity

A summary of option activity under our Plans as of and for the fiscal year ended June 30, 2016 is presented below:

 

 

 

Shares

 

 

Weighted

Average

Exercise

Price Per

Share

 

 

Weighted

Average

Remaining

Contractual

Term (Years)

 

 

Aggregate

Intrinsic

Value

 

Outstanding at June 30, 2015

 

 

837,398

 

 

 

70.40

 

 

 

5.62

 

 

$

40,864

 

Granted

 

0

 

 

0

 

 

 

 

 

 

 

 

 

Exercised

 

 

(137,557

)

 

 

52.60

 

 

 

 

 

 

 

 

 

Forfeited or expired

 

 

(32,262

)

 

86.27

 

 

 

 

 

 

 

 

 

Outstanding at June 30, 2016

 

 

667,579

 

 

 

73.30

 

 

4.57

 

 

$

(8,044

)

Exercisable at June 30, 2016

 

 

557,503

 

 

74.46

 

 

4.05

 

 

$

7,435

 

 

Schedule of Non-vested Restricted Stock Unit Activity

A summary of equity classified restricted stock unit activity as of and for the fiscal year ended June 30, 2016 is presented below:

 

 

 

Restricted

Stock Units

 

Non-vested at June 30, 2015

 

 

1,293,034

 

Granted

 

 

817,994

 

Vested

 

 

(443,012

)

Forfeited

 

 

(173,069

)

Non-vested at June 30, 2016

 

 

1,494,947

 

 

Summary of Cash-Settled Stock Appreciation Rights

A summary of cash-settled stock appreciation rights as of and for the fiscal year ended June 30, 2016 is presented below:

 

 

 

Shares

 

Non-vested at June 30, 2015

 

 

6,794

 

Granted

 

 

1,709

 

Vested

 

 

(4,161

)

Forfeited

 

 

-

 

Non-vested at June 30, 2016

 

 

4,342

 

Exercisable

 

 

6,064