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Common Stock
12 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Common Stock
Common Stock
On January 28, 2015, our Board of Directors approved a share repurchase program for up to $450 million worth of our common stock. On April 26, 2016, the Board of Directors approved a $400 million increase in the current share repurchase plan. 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 4,750,692 shares, 7,731,428 shares and 3,110,114 shares of our common stock for $180.1 million, $298.3 million and $121.8 million during fiscal 2016, 2015 and 2014, respectively. As of June 30, 2016, the remaining dollar value under the stock repurchase program was $521.3 million.