Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Share-based Compensation

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Note 4 - Share-based Compensation
9 Months Ended
Mar. 31, 2016
Notes to Financial Statements  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
Note
4.
Share-based Compensation:
 
During the nine months ended March 31, 2016 and 2015, the Company granted 804,000 and 538,000 stock options at weighted average grant prices of $105.15 and $93.65 and weighted average fair values of $18.50 and $15.08, respectively. During the nine months ended March 31, 2016 and 2015, the Company granted 35,000 and 34,000 restricted stock units at a weighted average fair value of $105.01 and $93.70, respectively. During the nine months ended March 31, 2016 and 2015, the Company granted 20,000 and 9,000 shares of restricted stock at grant date fair values of $99.53 and $91.78, respectively.
 
 
Stock options for 18,000 and 141,000 shares of common stock with total intrinsic values of $0.6 million and $3.4 million were exercised during the nine months ended March 31, 2016 and 2015, respectively. 
 
Stock-based compensation expense of $2.3 million and $1.3 million was included in selling, general and administrative expenses for the quarters ended March 31, 2016 and 2015, respectively. Stock-based compensation expense of $6.7 million and $4.7 million was included in selling, general and administrative expenses for the nine months ended March 31, 2016 and 2015, respectively. As of March 31, 2016, there was $17.9 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 2.5 years
.