Quarterly report pursuant to Section 13 or 15(d)

Share-based compensation (Tables)

Share-based compensation (Tables)

9 Months Ended

Mar. 31, 2012

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