Stockholders' Equity

6 Months Ended

Dec. 31, 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 3,044,317 shares of our common stock for $117.0 million during the six months ended December 31, 2014. We repurchased 3,110,114 shares of our common stock for $121.8 million during fiscal 2014. As of December 31, 2014, the remaining dollar value under the stock repurchase program approved on April 23, 2014 was $58.1 million.

Accumulated Other Comprehensive Income

As of December 31, 2014 and 2013, accumulated other comprehensive income was comprised of foreign translation adjustments of $6.9 million and $8.6 million and net unrealized gains (losses) on available for sale securities of ($0.1 million) and less than $0.1 million, respectively. As of September 30, 2014 and 2013, accumulated other comprehensive income was comprised of foreign translation adjustments of $7.8 million and $8.7 million and net unrealized gains (losses) on available for sale securities of less than $0.1 million each, respectively.

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