Share Repurchase Program

6 Months Ended

Dec. 31, 2014

Note 17.

Share Repurchase Program

In August 2014, the Company’s Board of Directors authorized the Company to purchase up to $50 million of its Common Stock. The Share Repurchase program (the “Program”) calls for shares to be purchased in the open market or in private transactions from time to time. The Program has no expiration and may be suspended or discontinued at any time. Shares purchased by the Company are retained as treasury stock and available for general corporate purposes. As of December 31, 2014, the Company has purchased 853,934 shares of its common stock pursuant to the Program for approximately $11.3 million.