Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Share-based Compensation

v3.6.0.2
Note 8 - Share-based Compensation
 6 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
Note
8.
Share-based Compensation:
 
During the 
six
months ended
December
31,
2016
and
2015,
the Company granted 
1.1
million and
777,000
stock options at weighted average grant prices of
$107.40
and
$105.67
and weighted average fair values of
$18.13
and
$18.59,
respectively. During the
six
months ended
December
31,
2016
and
2015,
the Company granted 
64,931
and
35,000
restricted stock units at a weighted average fair value of
$109.36
and
$105.01,
respectively. During the
six
months ended
December
31,
2016
and
2015,
the Company granted 
23,965
and
19,994
shares of restricted stock at grant date fair values of
$104.94
and
$99.53,
respectively
.
 
Stock options for 
23,145
and
13,000
shares of common stock with total intrinsic values of
$1.0
million and
$0.5
million were exercised during the
six
months ended
December
31,
2016
and
2015,
respectively. 
 
Stock-based compensation expense of
$4.1
million and
$2.3
million was included in selling, general and administrative expenses for the
three
months ended
December
31,
2016
and
2015,
respectively. Stock-based compensation expense of
$7.2
million and
$4.4
million was included in selling, general and administrative expenses for the
six
months ended
December
31,
2016
and
2015,
respectively. As of
December
31,
2016,
there was
$33.0
million of unrecognized compensation cost related to non-vested stock options, non-vested restricted stock units and non-vested restricted stock. The weighted average period over which the compensation cost is expected to be recognized is 
2.7
years.