v3.26.1
Stock-Based Compensation (Tables)
12 Months Ended
Jun. 30, 2026
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Stock-based compensation expense

Stock-based compensation expense, which is included in student services and administrative expense, and the related income tax benefit were as follows (in thousands):

Year Ended June 30,

2026

2025

2024

Stock-based compensation

$

41,216

$

41,590

$

25,947

Income tax benefit

 

(9,222)

 

(8,695)

 

(8,594)

Stock-based compensation, net of tax

$

31,994

$

32,895

$

17,353

Summary of Options Activity The following table summarizes stock option activity for the year ended June 30, 2026:

Weighted-Average

Number of

Remaining

Aggregate

Stock

Weighted-Average

Contractual Life

Intrinsic Value

Options

Exercise Price

(in years)

(in thousands)

Outstanding as of June 30, 2025

 

275,238

$

38.05

 

Exercised

 

(3,624)

35.83

 

Outstanding as of June 30, 2026

 

271,614

 

38.08

 

4.4

$

23,515

Exercisable as of June 30, 2026

 

271,614

$

38.08

 

4.4

$

23,515

Summary of Restricted Stock Units Activity The following table summarizes RSU activity for the year ended June 30, 2026:

Weighted-Average

Number of

Grant Date

RSUs

Fair Value

Unvested as of June 30, 2025

 

529,969

$

59.41

Granted

 

161,423

 

97.73

Vested

 

(317,515)

 

51.97

Forfeited

 

(38,868)

 

79.93

Unvested as of June 30, 2026

 

335,009

$

82.55

Summary of Performance Shares Unit Activity The following table summarizes PSU activity for the year ended June 30, 2026:

Weighted-Average

Number of

Grant Date

PSUs

Fair Value

Unvested as of June 30, 2025

 

614,000

$

57.20

Incremental PSUs granted based on achievement of metrics

 

196,416

 

42.03

Granted

 

255,252

 

96.86

Vested

 

(487,721)

 

41.83

Forfeited

 

(49,773)

 

68.84

Unvested as of June 30, 2026

 

528,174

$

83.83