Quarterly report pursuant to Section 13 or 15(d)

Share-based compensation (Tables)

v2.4.0.6
Share-based compensation (Tables)
9 Months Ended
Mar. 31, 2012
Stock Option Activity

Option activity under the Company’s stock option plans during the nine months ended March 31, 2012 was as follows:

 

     Shares
(in  thousands)
    Weighted
Average

Exercise
Price
     Weighted
Average
Contractual
Life (Yrs.)
     Aggregate
Intrinsic

Value
 

Outstanding at June 30, 2011

     499      $ 64.15         

Granted

     95      $ 71.94         

Exercised

     (13   $ 50.82         
  

 

 

         

Outstanding at March 31, 2012

     581      $ 65.73         6.0       $ 3.4 million   
  

 

 

         

Exercisable at March 31, 2012

     342      $ 60.73         6.0       $ 3.3 million   
  

 

 

         
Assumptions Used in Black-Scholes Option-Pricing Model

The fair value of options granted under the Company’s stock option plans was estimated on the date of grant using the Black-Scholes option-pricing model with the following assumptions used:

 

     Quarter Ended
March 31,
    Nine Months Ended
March  31,
 
     2012     2012     2011  

Dividend yield

     1.6     1.5     1.8

Expected annualized volatility

     22%-23     22%-23     22%-27

Risk free interest rate

     0.9%-1.2     0.9%-2.0     1.3%-2.0

Expected life

     5 years        6 years        7 years