Quarterly Operating Results

12 Months Ended

Jun. 30, 2016

Selected Quarterly Financial Information [Abstract]

Quarterly Operating Results

QUARTERLY OPERATING RESULTS (UNAUDITED)

The following is a summary of unaudited quarterly results of operations for Fiscal Years 2016 and 2015:

	Fiscal Year 2016*
(dollars in millions, except per share data)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total Year
Service revenue	$	512.1	$	518.5	$	527.1	$	536.6	$	2,094.3
Gross profit	168.9		186.0		189.3		189.8		734.0
Income from operations	35.5		54.6		69.7		64.2		224.0
Net income	24.9		39.4		47.9		42.7		154.9
Diluted earnings per share	$	0.45	$	0.73	$	0.89	$	0.80	$	2.86
	Fiscal Year 2015
(dollars in millions, except per share data)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total Year
Service revenue	$	491.7	$	499.3	$	502.0	$	523.0	$	2,016.0
Gross profit	172.9		172.0		164.0		162.9		671.8
Income from operations	53.6		52.8		54.2		39.3		199.9
Net income	37.1		38.8		37.7		34.2		147.8
Diluted earnings per share	$	0.67	$	0.70	$	0.68	$	0.61	$	2.65

*In the three months ended June 30, 2016, we recorded $12.6 million adjustments related to revenue arrangements recognized in prior periods. The adjustments were recorded as reductions to service revenues in the consolidated statements of income and comprehensive income for the three months ended June 30, 2016. Of these $12.6 million adjustments, approximately $6.7 million related to the nine months ended March 31, 2016, and $5.9 million related to the Fiscal Years 2015. We concluded the effect of these errors was not material to our consolidated financial statements for the current fiscal year, or any of the prior periods and, as such, these consolidated financial statements are not materially misstated.