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Subsequent Event
12 Months Ended
Jun. 30, 2016
Subsequent Event  
Subsequent Event

 

18. Subsequent Event

3.75% Convertible Senior Notes

        On August 1, 2016, the Company settled the remaining 3.75% Convertible Senior Notes for approximately $36.6 million aggregate principal amount and $0.7 million accrued interest for approximately $37.3 million in cash. In settling the notes for cash, during the January 2016 retirement as further described in Note 12 Debt and the August 2016 transaction, the Company avoided the issuance of approximately 10.6 million new common equity shares, representing a potential dilution of approximately 13 percent as of June 30, 2016.