Repurchases Of Common Stock

9 Months Ended

Mar. 31, 2013

Repurchases Of Common Stock [Abstract]

Repurchases Of Common Stock

NOTE 12. REPURCHASES OF COMMON STOCK

     On November 2, 2010, the Company's board of directors authorized the repurchase of an additional $40 million of Common Stock under the terms of an existing $80 million common stock repurchase program and extended the term of the stock repurchase program from November 30, 2010 to November 30, 2012. On August 7, 2012, the Company's board of directors approved an extension of the stock repurchase program through November 30, 2014.

     During the three months ended March 31, 2013, the Company purchased 322,882 shares of Common Stock on the open market under the stock repurchase program at an average price of $38.76 per share and at a cost of $12.5 million, including sales commissions. As of March 31, 2013, the Company had repurchased 4,352,083 shares of Common Stock on the open market under the stock repurchase program, at an average price of $18.27 per share and at a cost of approximately $79.5 million, including sales commissions, leaving approximately $40.5 million available for additional repurchases under the program. The acquisition of these shares by the Company was accounted for under the treasury method.