Stockholders' Equity

3 Months Ended

Sep. 30, 2014

Stockholders' Equity

Stockholders' Equity

9.  Stockholders’ Equity

Stock Repurchases

On April 23, 2014, our Board of Directors approved a share repurchase program for up to $200 million worth of our common stock and terminated the previous program that had been approved by the Board of Directors on April 23, 2013. The previous program had an authorized value of up to $150 million and remaining capacity of approximately $37.5 million when terminated. 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 1,050,715 shares of our common stock for $45.0 million during the three months ended September 30, 2014. We repurchased 3,110,114 shares of our common stock for $121.8 million during fiscal 2014. As of September 30, 2014, the remaining dollar value under the stock repurchase program approved on April 23, 2014 was $130.1 million.

Accumulated Other Comprehensive Income

As of September 30, 2014, accumulated other comprehensive income was comprised of foreign translation adjustments of $7.8 million and net unrealized losses on available for sale securities of less than $0.1 million. As of September 30, 2013, accumulated other comprehensive income was comprised of foreign translation adjustments of $8.7 million and net unrealized gains on available for sale securities of less than $0.1 million.

As of June 30, 2014, accumulated other comprehensive income was comprised of foreign translation adjustments of $9.4 million and net unrealized gains on available for sale securities of less than $0.1 million. As of June 2013, accumulated other comprehensive income was comprised of foreign translation adjustments of $7.3 million and net unrealized losses on available for sale securities of $0.1 million.