Warrant and Dividends

9 Months Ended

Mar. 31, 2015

Equity [Abstract]

Warrant and Dividends

8.     Warrant and Dividends

Class B Common Stock Warrant

On August 1, 2014, a common stock purchase warrant for the purchase of 387 shares of Class B common stock, held by BFI Co., LLC (“BFI”), was automatically exercised at the exercise price of  $11.83 per share on a cashless basis, resulting in a net issuance of 164 shares of Class B common stock to BFI.

Dividends

In September 2014, December 2014 and February 2015, we paid $0.10 per share quarterly dividends to holders of our Class A and Class B common stock. We intend to pay regular quarterly dividends to holders of our Class A and Class B common stock out of assets legally available for this purpose. Our future ability to pay dividends will depend upon our results of operations, financial condition, capital requirements, our ability to obtain funds from our subsidiaries and other factors that our Board of Directors deems relevant. Additionally, the terms of our current and any future agreements governing our indebtedness could limit our ability to pay dividends or make other distributions.