Repurchases Of Common Stock

6 Months Ended

Dec. 31, 2014

Repurchases Of Common Stock [Abstract]

Repurchases Of Common Stock

NOTE 15. REPURCHASES OF COMMON STOCK

The Company has an existing stock repurchase program pursuant to which the Company's Board has authorized the repurchase of $120 million of Common Stock and that was scheduled to expire on November 30, 2014. On August 5, 2014, the Companys Board extended the stock repurchase program through November 30, 2016.

For the six months ended December 31, 2014, there were no share repurchases under the Common Stock repurchase program. As of December 31, 2014, the Company had repurchased 4,517,309 shares of Common Stock on the open market under the stock repurchase program since its inception in November 2005, at an average price of $18.88 per share and at a cost of approximately $85.3 million, including sales commissions, leaving approximately $34.7 million available for additional repurchases under the program. The acquisition of these shares was accounted for under the treasury method.