Stockholders' Equity

9 Months Ended

Mar. 31, 2015

Stockholders' Equity

Stockholders' Equity

9.  Stockholders’ Equity (Deficit)

Stock Repurchases

On January 28, 2015, we publicly announced a share repurchase program for up to $450 million worth of our common stock and terminated the previous program that had been approved by the Board of Directors on April 23, 2014. The previous program had an authorized value of up to $200 million and remaining capacity of approximately $27.4 million when terminated. 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.

We repurchased 5,979,997 shares of our common stock for $224.7 million during the nine months ended March 31, 2015. We repurchased 3,110,114 shares of our common stock for $121.8 million during fiscal 2014. As of March 31, 2015, the remaining dollar value under the stock repurchase program approved on January 28, 2015 was $375.0 million.

Accumulated Other Comprehensive Income

As of March 31, 2015 and 2014, accumulated other comprehensive income was comprised of foreign translation adjustments of $5.0 million and $8.6 million and net unrealized (losses) gains on available for sale securities of less than ($0.1 million) and less than $0.1 million, respectively. 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 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.