BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2018

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

	Fiscal Year ended				Quarter Ended (unaudited)
	June 30, 2018		June 30, 2017		September 30, 2017		December 31, 2017		March 31, 2018		June 30, 2018
Revenue	$	(1.5)	$	20.5	$	(0.4)	$	(0.4)	$	(0.4)	$	(0.3)
Operating costs		—		18.8		—		—		—		—
Selling, general and administrative expenses		1.1		0.2		(0.2)		0.6		(0.3)		1.0
Depreciation and amortization		(0.9)		(0.7)		(0.3)		(0.3)		(0.2)		(0.1)
Provision for income taxes		(2.7)		0.8		—		(2.5)		—		(0.2)
Net income		1.0		1.4		0.1		1.8		0.1		(1.0)

The table below presents the expected impact the full retrospective adoption of ASC 606 will have on the Company’s consolidated balance sheet for the year ended June 30, 2018:

	As of June 30, 2018
	As Reported		Effect of Adoption		As Adjusted
Assets
Other current assets	$	22.6	$	7.1	$	29.7
Property and equipment, net	$	5,447.2	$	(19.6)	$	5,427.6
Other assets	$	170.0	$	5.6	$	175.6
Liabilities
Deferred revenue, current	$	164.4	$	(1.5)	$	162.9
Deferred revenue, non-current	$	1,096.8	$	(20.5)	$	1,076.3
Deferred income taxes, net	$	143.2	$	3.9	$	147.1
Stockholders' equity
Accumulated deficit	$	(377.2)	$	11.2	$	(366.0)