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Employee Benefit Plan
12 Months Ended
Jun. 30, 2017
Employee Benefit Plan  
Employee Benefit Plan

 

13. Employee Benefit Plan

        The Company's employee savings and retirement plan is qualified under Section 401(k) of the United States Internal Revenue Code. Employees may make voluntary, tax-deferred contributions to the 401(k) Plan up to the statutorily prescribed annual limit. The Company makes discretionary matching contributions to the 401(k) Plan on behalf of employees up to the limit determined by the Board of Directors. The Company contributed $2.0 million, $2.1 million and $2.3 million to the 401(k) Plan during the years ended June 30, 2017, 2016 and 2015, respectively.