Stockholders' Equity (Deficit)

3 Months Ended

Sep. 30, 2015

Stockholders' Equity (Deficit)

Stockholders' Equity (Deficit)

9.  Stockholders’ 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 $25.4 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 1,339,499 shares of our common stock for $55.1 million during the three months ended September 30, 2015. We repurchased 7,731,428 shares of our common stock for $298.3 million during fiscal 2015. As of September 30, 2015, the remaining dollar value under the stock repurchase program approved on January 28, 2015 was $246.3 million.

Accumulated Other Comprehensive Income

As of September 30, 2015, accumulated other comprehensive income was comprised of foreign translation adjustments of $4.8 million and net unrealized gains on available for sale securities of less than $0.1 million. As of September 30, 2014, accumulated other comprehensive income was comprised of foreign translation adjustments of $7.8 million and net unrealized gains on available for sale securities of less than $0.1 million.

As of June 30, 2015, accumulated other comprehensive income was comprised of foreign translation adjustments of $6.5 million and net unrealized losses on available for sale securities of less than $0.1 million. As of June 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.