Stockholders' Deficit

9 Months Ended

Mar. 31, 2020

Equity [Abstract]

Stockholders' Deficit

Stockholders’ Equity

Stock Repurchases

On January 22, 2015, our Board of Directors approved a share repurchase program (the "Share Repurchase Program") for up to $450.0 million worth of our common stock. The Share Repurchase Program was announced on January 28, 2015, and expires at the end of each fiscal year unless extended. On April 26, 2016, June 8, 2017, April 18, 2018, December 6, 2018, and April 17, 2019, the Board of Directors approved a $400.0 million, $200.0 million, $200.0 million, $100.0 million, and $200.0 million increase in the Share Repurchase Program, respectively. The timing and amount of any shares repurchased are based on market conditions and other factors. All shares of our common stock repurchased have been recorded as treasury stock under the cost method.

During the three and nine months ended March 31, 2020, we repurchased 451,991 and 1,252,289 shares of our common stock in the open market for $50.0 million and $150.0 million, respectively. As of March 31, 2020, the total remaining value under the Share Repurchase Program was approximately $196.3 million.

Accumulated Other Comprehensive (Loss) Income

As of March 31, 2020 and June 30, 2019, accumulated other comprehensive (loss) income was comprised of foreign currency translation adjustments of $(7.3) million and $0.3 million, respectively.