Equity Based Compensation (Tables)

12 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement [Abstract]

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]

The weighted average of assumptions used in estimating the fair value of stock options granted during each year were as follows:


	Fiscal Year Ended June 30,
	2022	2021	2020
Expected volatility	37%	27%	23	%	-	24%
Expected life (in years)	3.7	6.25	6.25
Risk-free interest rate	0.7%	0.3%	1.7	%	-	1.9%
Dividend yield	None	None	None

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

The following table summarizes stock option activity and shares subject to outstanding options for the fiscal year ended June 30, 2022:


			Time
	Weighted Average Exercise Price		Number of Shares	Weighted Average Contractual Term	Aggregate Intrinsic Value







Outstanding as of June 30, 2021	$	49.77	1,280,174	4.92	$	74,696,700
Granted	113.00		182,751	—	—
Exercised	42.11		386,456	—	29,329,353
Forfeited	39.43		17,559	—	—
Expired / Canceled	36.97		3,399	—	—
Outstanding as of June 30, 2022	63.74		1,055,511	6.91	47,013,454
Vest and expected to vest as of June 30, 2022	63.74		1,055,511	6.91	47,013,454
Vested and exercisable as of June 30, 2022	$	43.80	437,034	5.76	$	27,748,162

Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]

The following table summarizes activity in unvested time-based restricted stock units and restricted stock for the fiscal year ended June 30, 2022:


	Time-Based Units and Shares	Weighted Average Grant-Date Fair Value




Unvested as of June 30, 2021	764,356	$	65.54
Granted	324,091	117.52
Vested	292,945	52.11
Cancelled/forfeited/adjusted	73,064	96.04
Unvested as of June 30, 2022	722,438	91.42

Schedule of Nonvested Performance-based Units Activity [Table Text Block]

Adjusted EPS and RTSR-Based Performance Share Units and Performance Shares

The following table summarizes activity in unvested performance share units and performance shares for the fiscal year ended June 30, 2022:


	Performance-Based Units and Shares	Weighted Average Grant-Date Fair Value




Target Number Unvested as of June 30, 2021	392,095	$	58.16
Target Number Granted	103,946	113.57
Target Number Vested	168,325	43.84
Target Number Cancelled/forfeited/adjusted	21,970	88.57
Target Number Unvested as of June 30, 2022	305,746	$	83.75

Fair Value Measurements, Nonrecurring

Valuation of RTSR Performance Shares and Performance Share Units

The fair value of each RTSR performance share unit and performance share is determined using the Monte Carlo pricing model because the number of shares to be awarded is subject to a market condition. The Monte Carlo simulation is a generally accepted statistical technique used to simulate a range of possible future outcomes. Because the valuation model considers a range of possible outcomes, compensation cost is recognized regardless of whether the market condition is actually satisfied.

The assumptions used in estimating the fair value of the RTSR performance share units and performance shares granted during each year were as follows:


	Fiscal Year Ended June 30,
	2022				2021
Expected volatility	39	%	-	41%	39	%	-	42%
Expected life (in years)	2.4		-	2.9	2.4		-	2.9
Risk-free interest rates	0.3	%	-	1.5%	0.1	%	-	0.2%
Dividend yield	None				None

Nonvested Restricted Stock Shares Activity

The following table summarizes activity in unvested RTSR performance share units and performance shares for the fiscal year ended June 30, 2022


	RTSR Units and Shares	Weighted Average Grant-Date Fair Value




Target Number Unvested as of June 30, 2021	327,028	$	68.92
Target Number Granted	107,197	110.34
Target Number Vested	132,565	47.70
Target Number Cancelled/forfeited/adjusted	20,345	95.70
Target Number Unvested as of June 30, 2022	281,315	$	91.04