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Fair Value Measurements (Tables)

12 Months Ended

Jun. 30, 2013

Fair Value, Assets Measured on Recurring Basis

The following table presents information about the assets that are measured at fair value on a recurring basis as of June 30, 2012 and 2013 (in millions).



	June 30, 2012		Level 1		Level 2		Level 3
United States short-term treasury bills	$	21.0	$	0.1	$	20.9	$	—
Corporate bonds	12.6		—		12.6		—
Common stock — domestic	10.1		0.1		10.0		—
Common stock — international	7.9		7.7		0.2		—
Preferred stock — international	0.2		0.2		—		—
Investments in securities	$	51.8	$	8.1	$	43.7	$	—



	June 30, 2013		Level 1		Level 2		Level 3
Cash and cash equivalents	$	33.3	$	33.3	$	—	$	—
Corporate bonds	13.8		—		13.8		—
Common stock — domestic	12.0		—		12.0		—
Investments in securities	$	59.1	$	33.3	$	25.8	$	—

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

The following table provides a reconciliation of the beginning and ending balances for the year ended June 30, 2012 for those fair value measurements using significant Level 3 unobservable inputs for the Company's investment in auction rate securities ("ARS") previously included within investments in securities on the accompanying consolidated balance sheets (in millions).



	Balance at June 30, 2011		Redemptions			Realized gain on redemptions, pre tax		Change in fair value, pre tax		Balance at June 30, 2012
Auction rate securities	$	8.8	$	(10.0	)	$	—	$	1.2	$	—

Schedule of Available-for-sale Securities Activities

The following table provides a reconciliation of activity for the Company's investments in securities, excluding activity related to ARS as previously disclosed, for the years ended June 30, 2012 and 2013, respectively (in millions).



	Fair value at June 30, 2011		Proceeds from sales			Purchases of securities		Realized gain on sales, pre tax		Change in fair value, pre tax			Fair value at June 30, 2012
Investments in securities	$	54.5	$	(75.3	)	$	73.5	$	0.1	$	(1.0	)	$	51.8



	Fair value at June 30, 2012		Proceeds from sales			Purchases of securities		Realized gain (loss) on sales, pre tax			Change in fair value, pre tax		Fair value at June 30, 2013
Investment in securities	$	51.8	$	(76.2	)	$	79.1	$	(0.3	)	$	4.7	$	59.1

Schedule of Available-for-sale Securities Reconciliation

Supplemental information regarding the Company's available-for-sale investment securities held as of June 30, 2013 is set forth in the table below (in millions).



	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Cash and cash equivalents	$	33.3	$	—	$	—	$	33.3
Corporate bonds	11.3		2.5		—		13.8
Common stock - domestic	9.1		2.9		—		12.0
	$	53.7	$	5.4	$	—	$	59.1

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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