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COMMON STOCK
 12 Months Ended
Jun. 30, 2024
Equity [Abstract]  
COMMON STOCK COMMON STOCK
As of June 30, 2024, the Company’s authorized common stock consists of 1,300 million shares of Class A Common Stock, par value $.01 per share, and 304 million shares of Class B Common Stock, par value $.01 per share. Class B Common Stock is convertible into Class A Common Stock, in whole or in part, at any time and from time to time at the option of the holder, on the basis of one share of Class A Common Stock for each share of Class B Common Stock converted. Holders of the Company’s Class A Common Stock are entitled to one vote per share and holders of the Company’s Class B Common Stock are entitled to ten votes per share.
Information about the Company’s common stock outstanding is as follows:
(Shares in thousands)Class AClass B
Balance at June 30, 2021233,517.4 128,242.0 
Acquisition of treasury stock(1)
(7,393.6)— 
Conversion of Class B to Class A2,700.0 (2,700.0)
Stock-based compensation2,689.7 — 
Balance at June 30, 2022231,513.5 125,542.0 
Acquisition of treasury stock(1)
(1,220.7)— 
Stock-based compensation1,785.1 — 
Balance at June 30, 2023232,077.9 125,542.0 
Acquisition of treasury stock(1)
(316.5)— 
Stock-based compensation1,385.2 — 
Balance at June 30, 2024233,146.6 125,542.0 
(1)In fiscal 2022 and 2023, these amounts represent shares repurchased under our authorized share repurchase program, as well as shares repurchased to satisfy tax withholding obligations upon the payout of certain stock-based compensation arrangements. In fiscal 2024, these amounts represent shares that were repurchased by the Company to satisfy tax withholding obligations upon the payout of certain stock-based compensation arrangements.
The Company is authorized by the Board of Directors to repurchase Class A Common Stock in the open market or in privately negotiated transactions, depending on market conditions and other factors. As of June 30, 2024, the remaining authorized share repurchase balance was 25.1 million shares.
Beginning in December 2022, the Company suspended the repurchase of shares of our Class A Common Stock. The Company may resume repurchases in the future.

The following is a summary of cash dividends declared per share on the Company’s Class A and Class B Common Stock during the year ended June 30, 2024:
Date DeclaredRecord DatePayable DateAmount per Share
August 17, 2023August 31, 2023September 15, 2023$.66 
October 31, 2023November 30, 2023December 15, 2023$.66 
February 2, 2024February 29, 2024March 15, 2024$.66 
April 30, 2024May 31, 2024June 17, 2024$.66 

On August 16, 2024, a dividend was declared in the amount of $.66 per share on the Company's Class A and Class B Common Stock. The dividend is payable in cash on September 16, 2024 to stockholders of record at the close of business on August 30, 2024.