Stockholders' Deficit

3 Months Ended

Sep. 30, 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 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. On July 22, 2020, our Board of Directors approved a new share repurchase program (the "New Share Repurchase Program") for up to $200.0 million of our common stock, and terminated the Share Repurchase Program. 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.

No shares of our common stock were repurchased in the open market under the New Share Repurchase Program during the three months ended September 30, 2020. 382,279 shares of our common stock were repurchased in the open market for $50.0 million under the Share Repurchase Program during the three months ended September 30, 2019. As of September 30, 2020, the total remaining value under the New Share Repurchase Program was approximately $200.0 million.

Accumulated Other Comprehensive (Loss) Income

As of September 30, 2020 and June 30, 2020, accumulated other comprehensive (loss) income was comprised of foreign currency translation adjustments of $(1.1) million and $(5.3) million, respectively.