STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Jun. 30, 2017

STOCK-BASED COMPENSATION

Schedule of recognized stock-based compensation expense

	For the Fiscal Year Ended
	June 30,
	2017		2016		2015
		(Amounts in thousands)
Stock options	$	393	$	454	$	417
Stock appreciation rights		1,851		1,687		1,422
Restricted stock		3,840		3,686		2,511
Performance stock		3,899		4,212		791
Total stock-based compensation expense	$	9,983	$	10,039	$	5,141

Schedule of valuation assumptions of stock options and stock appreciation rights

	Stock Options						SSARs
	2017		2016		2015		2017		2016		2015
Weighted-average expected volatility	41.7	%	36.9	%	37.3	%	41.1	%	36.9	%	36.6	%
Weighted-average expected life in years	5.5		5.5		5.5		5.8		5.4		5.3
Weighted-average dividend yield	1.11	%	1.06	%	1.00	%	1.11	%	1.00	%	1.00	%
Weighted-average risk free interest rate	1.2	%	1.6	%	1.7	%	1.3	%	1.6	%	1.7	%

Summary of stock options activity

				Weighted-
		Weighted-		Average
		Average		Remaining	Aggregate
	Number of	Exercise		Contractual	Intrinsic Value
	Shares	Price		Life (Years)	(in thousands)
Outstanding at July 1, 2016	117,823	$	59.04
Granted	7,200	$	83.29
Exercised	(17,198)	$	37.30
Forfeited	—	$	—
Outstanding at June 30, 2017	107,825	$	64.13	6.2	$	1,551
Exercisable at June 30, 2017	77,310	$	63.32	5.5	$	1,148

Summary of SSARs activity

				Weighted-
		Weighted-		Average
		Average		Remaining	Aggregate
	Number of	Exercise		Contractual	Intrinsic Value
	Shares	Price		Life (Years)	(in thousands)
Outstanding at July 1, 2016	367,805	$	62.58
Granted	63,340	$	83.29
Exercised	(7,000)	$	30.96
Forfeited	—	$	—
Outstanding at June 30, 2017	424,145	$	66.19	6.6	$	5,404
Exercisable at June 30, 2017	269,987	$	63.62	5.6	$	3,928

Summary of non-vested awards

		Weighted-
		Average
	Number of	Grant Date
	Shares	Fair Value
Non-vested at July 1, 2016	210,178	$	63.78
Granted	29,830	$	68.47
Vested	(45,774)	$	65.57
Expired	(29,550)	$	68.18
Forfeited	—	$	—
Non-vested at June 30, 2017	164,684	$	68.53

Summary of the status of non-vested restricted stock

		Weighted-
		Average
	Number of	Grant Date
	Shares	Fair Value
Non-vested at July 1, 2016	176,522	$	63.46
Granted	44,890	$	83.29
Vested	(54,603)	$	64.08
Forfeited	—	$	—
Non-vested at June 30, 2017	166,809	$	68.60