XML 58 R13.htm IDEA: XBRL DOCUMENT v2.4.0.8
Common Stock
12 Months Ended
Jun. 30, 2014
Common Stock  
Common Stock

(5) Common Stock

        On April 23, 2014, our Board of Directors approved a share repurchase program for up to $200 million worth of our common stock. This share repurchase program replaced the prior program approved by the Board of Directors on April 23, 2013 that had a value of up to $150 million and remaining capacity of approximately $37.5 million and was terminated on April 23, 2014. The program approved on April 23, 2013 had replaced a repurchase program approved by the Board of Directors on October 24, 2012 with a value of up to $100 million. The program approved on October 24, 2012 had replaced a repurchase program approved by the Board of Directors on November 1, 2011 with a value of up to $100 million. The timing and amount of any shares repurchased are based on market conditions and other factors. All share repurchases of our common stock have been recorded as treasury stock under the cost method.

        We repurchased 3,110,114 shares and 3,064,151 shares of our common stock for $121.8 million and $84.7 million during fiscal 2014 and 2013, respectively. As of June 30, 2014, the remaining dollar value under the stock repurchase program approved on April 23, 2014 was $175.1 million.